OpenGate acquires B&M

Completion of the deal comes after OpenGate entered a period of exclusivity with Wolseley in November 2015.

In addition to the purchase price, OpenGate has invested €25m in the business.

Company
B&M is a business-to-business distributor of building materials in France. It operates through two brands: Réseau Pro and Panofrance. It also runs a single-branch business, Guimier, which supplies architectural plaster moldings in Paris.

B&M is headquartered in Rennes and generates €600m in revenue. It operates from 138 sites and employs 2,500 people.

People
OpenGate Capital – Andrew Nikou (founder, managing partner); Sebastien Kiekert Le Moult, Julien Lagrèze (partners).

Advisers
Vendor – Smith Square Partners (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France
• Industrials
• OpenGate Capital