Idena (France) - Dec 2007

As part of an owner buyout, IPO has acquired a 12% stake in farm animal nutrition business Idena. The privately-sourced deal, which allows some managers to realise their stake, was leveraged with a five-year amortising loan provided by Banque Populaire Atlantique and Crédit Agricole Atlantique Vendée. A subsequent LBO was cited as a possible exit route for the financial sponsor.

Company

Established in 1995, Sautron-based Idena focuses on manufacturing of premixes, bases and innovative specialities in the field of agricultural animal nutrition, as well as some consultancy and outsourced R&D work. The company generated sales of €13m in 2007, with a net profit margin of 4-5%. The business will aim to develop its exports, in particular to South America, the Maghreb and Eastern Europe.

People

Hubert David worked on the transaction for IPO. Georges Amiand is Idena’s CEO.

Advisers

Equity - DMP, Stéphane Bousseau (Financial Due Diligence)Equity - LB Avocats, (Legal)

Sourced from: France unquote" 87 (Jan 2008)

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