NiXEN announces the acquisition of a majority interest in Carré Blanc

NiXEN and the Management, in association with Bpifrance and Crédit Agricole Régions Investissement, announce their acquisition of a majority interest in Carré Blanc

 

NiXEN is using its thorough knowledge of the market sector and historic links with the Carré Blanc management team to organise a majority LBO of the group, French leader of the specialized household linen distribution segment, formerly owned by Qualium Investissement and MML.

 

Carré Blanc is a leading brand in the household linen segment and, with a network of 240 points of sale in France and abroad, generated over €75 M of own-brand revenue in 2012.

 

On a market with attractive long-term prospects, Carré Blanc Group has established itself as a reference in the world of franchising. Carré Blanc has drawn full value from its outstanding assets, notably its high-quality Management, experienced organisation and distinctive product offering. In a highly fragmented competitive environment, Carré Blanc Group aims to speed up its development by actively deploying a new store concept specially designed for edge-of-town sales, pursuing its cross-channel strategy to serve customers and franchisees and develop faster in the international arena via the signature of Master Franchise contracts or targeted external growth operations.   

“We were closely monitoring the possible options for developing Carré Blanc Group’s shareholding and, at the start of 2013, the opportunity arose to work with Claude Jantet on the outlines of an ambitious operation to offer the Group the means to speed up its development. With our track record in specialised retailing with companies like Maisons du Monde and La Grande Récré we very quickly identified the basis of a growth path for Carré Blanc Group that we could put before Claude Jantet”, explains Pierre Rispoli, CEO of NiXEN.

We are delighted to be working with Carré Blanc and its management in this growth project, as part of a joint investment with NiXEN. This operation is central to Bpifrance’s strategy for the SME/large company market”, said Emmanuelle Gervais, Director of Investment at Bpifrance. 

 

Claude Jantet, the Group’s President declared: “The key factors that persuaded me to enter a partnership with NiXEN were their perfect knowledge of the sector and our existing links with Pierre Rispoli. The NiXEN team shares our growth philosophy and the operation will now bolster our Group’s capacity to significantly accelerate its ambitious development project, through a combination of organic and external growth.”  

Led by NiXEN, the Carré Blanc Group operation is built on the management, which has significantly reinvested, Bpifrance, Crédit Agricole Régions Investissement, the Group’s historic partners and Idinvest Partners, accompanied by OFI Asset Management. The operation has been enthusiastically welcomed by the Group’s historic banking partners.

 

Contributors:

 

Investors:

  • NiXEN: Pierre Rispoli, Sébastien Ferrand, Frédéric Mimoun, Laurent Brossaud-Monty
  • Bpifrance: Emmanuelle Gervais, Romain Gauvrit
  • Crédit Agricole Régions Investissement: Hans de Breda, Frank Lefebvre

 

Financing:

  • Idinvest Partners (Mezzanine): François Lacoste, Nicolas Nedelec, Olivier Sesboüé
  • OFI Asset Management (Mezzanine): Jérôme Delmas, Diego Aponte Vargas
  • Crédit Lyonnais: Stéphane Trecz, Joris Villard
  • Société Générale: Dominique Leroy, Céline Le Cadre, Thierry Velardo
  • Banque Palatine: Etienne Pirard, Guillemette Valentin
  • Caisse Régionale de Crédit Agricole Mutuel Loire – Haute Loire: André Rochefort
  • Caisse Régionale de Crédit Agricole Mutuel Centre Est: Claire Demengeot
  • Banque Européenne du Crédit Mutuel: Mathieu Bazin, Cédric Alin

 

Buyer Advisors:

  • Dia-Mart (Market and Strategic Due Diligence): Cédric Ducrocq, Isabelle Mayneris, Alexia Dumas
  • Euclyd (Internet Due Diligence): Didier Long, Claire Gourlier
  • Eight Advisory (Accounting and Financial Due Diligence): Stéphane Vanbergue, Boris Bignon, Marc de la Fayolle, Alba Ferracci
  • Paul Hastings (Corporate, Competition, Legal, Tax and Social Due Diligence): Olivier Deren, Pascal de Moidrey, Mounir Letayf, Arnaud Levasseur, Allard de Waal, Laurent Ragot,
  • Pinot de Villechenon & Associés: Gilles Roux
  • Marsh (Insurance Due Diligence): Jean-Marie Dargaignaratz
  • PwC (ESG Due Diligence) : Sylvain Lambert, Emilie Bobin

 

Seller Advisors:

  • Ayache, Salama & Associés: Bernard Ayache, David Ayache, Sophie Savois
  • Lamartine (Legal, Tax and Social Due Diligence): Olivier Renault, Stéphane Rodriguez
  • Canaccord Genuity (Seller Advice): Laurent Bory, Grégoire Le Sourd, Myriam Hosri
x
10/10/2013twitterlinkedindownload