Weinberg’s Alliance Industrie acquires Précisium

Alongside European Capital's mezzanine investment, the financing for the transaction came from a fresh injection of equity by Alliance's shareholders and a reinvestment by Précisium affiliates.

The acquisition of Précisium means that Alliance Industrie's aggregate turnover now stands at roughly €1.2bn. The group was founded in Paris in 1989 and employs 2,500 staff. Alliance Industrie trades in the UK and France under the names GroupAuto UK, GroupAuto France, Partner's and Gef'Auto, with Précisium now joining the ranks.

Weinberg originally acquired Alliance Industrie via an auction process in 2006. The GP backed the management buyout of the company in a deal believed to be worth around €300m, according to unquote" data. European Capital provided €19m in mezzanine financing for the MBO, while Royal Bank of Scotland provided both senior and mezzanine debt.

Since Weinberg's acquisition, Alliance Industrie's revenue has increased from €590m in 2006 to around €1bn expected for 2013.

Company
Précisium, formerly Starexcel, was founded in 1961 and is headquartered in Sainte-Genevieve-des-Bois. The company is a spare parts trader for a network of car parts suppliers and employs around 170 staff.

Précisium's most recent financial figures show a turnover of €218m.

People
Jean-Jacques Lafont is the president and CEO of Alliance Industrie, and Alain Landec is the president of Précisium.

Philippe Klocanas is a partner at Weinberg. Tristan Parisot and Stephane Legrand are managing directors of European Capital.

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• Topics
• France
• Consumer
• Expansion
• France
• European Capital
• Weinberg Capital Partners
• Acquisition finance