FRANCE - Siparex invests in Canifrance

Siparex invested via its fund Spiarex Proximite 3 in what is its first investment in the North of France. The acquisition was financed with a senior debt package provided by Société Générale, BCMNE and Caisse d'Epargne Nord France Europe.

Canifrance, based in Roubaix, was founded in 1946 and specialises in the production of accessories for cats and dogs. It was only since 2002 however, through the launch of the up-market Bobby brand, that Canifrance has recorded important growth. The company and the new management team aims to generate EUR 7m within the next five years.

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