Month: May 2024

Read the original CFNews article here.

 

The French Bastards, a true leader in the bakery-pastry market, increases its capital through an equity investment led by Experienced Capital. Joffe & Associés (Thomas Saltiel, Océane Christmann and Alexia Guyot) advised The French Bastards on this transaction.

 

With sales of almost 10 million euros, 7 sales outlets and 80 employees, the Paris-based company is planning to develop some 50 stores. As such, it is entrusting around 30% of its shares to Experienced Capital, an operational investment fund dedicated to premium brands. By becoming the brand’s second partner behind the founders, who remain the majority shareholders, Experienced Capital has positioned itself in a new territory of premium consumption, with its first investment in the bakery-pastry sector.

 

With 7 outlets, The French Bastards has so far concentrated on Paris, with stores on rue de Sèvres, near Le Bon Marché, and rue Saint-Denis. Thanks to Experienced Capital’s investment, the chain expects to develop some 50 stores over the next five years, in France (with a first opening in Lille in early June), but also in London.

 

“We are delighted with this partnership with Experienced Capital, which will enable us to continue to grow our concept and our brand, while preserving our identity and our values,” comment Julien Abourmad, Emmanuel Gunther, David Abehsera and Victor Muraille, founders of The French Bastards, in Experienced Capital’s official press release.

 

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• Purchaser(s) or Investor(s) : EXPERIENCED CAPITAL PARTNERS
• Company Corporate Counsel: JOFFE & ASSOCIES , Thomas Saltiel , Océane Christmann
• Purchaser Corporate lawyer: PROSKAUER , Matthieu Lampel , Aymeric Robine , Edouard Planchon
• Acq. Competition Lawyer: FAST-UP PARTNERS , Charles Tonlorenzi , Rémi Honoré
• Acq. DD Financial: D’ORNANO + CO. Lauren Goodenough , Marie-Céline Kauff

Joffe & Associés (Thomas Saltiel, Aymeric Dégremont, Camille Malbezin, Clémence Bressolin, Virginie Davion and Clément Peillet) advises the Irbis group, a life insurance specialist, in a primary LBO alongside IK Partners as minority shareholder, Nextage AM and Matignon Investissement et Gestion, the historical shareholders.

 

The Irbis Finance group (Linxea and Irbis solutions), led by Antoine Delon and Yves Conan, and supported since 2015 by NextStage AM and Matignon Investissement et Gestion, is opening up its capital to IK Partners as part of the development of its solutions. This operation was managed by Cambon Partners as part of a primary LBO.

 

Linxea is a dematerialized platform specializing in the on-line creation and distribution of life insurance contracts. Thanks to this operation, the number of private-equity funds available within life insurance and PER contracts now stands at nine. The company has grown from 20,000 customers and €800m in assets under management in 2015 to 90,000 customers and €2.8bn in assets under management today. This represents a tenfold increase in revenues in just seven years.

 

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• Target company: GROUPE IRBIS (LINXEA, LINXEA IMMO, IRBIS SOLUTIONS)
• Purchaser or Investor: IK PARTNERS (EX-IK INVESTMENT PARTNERS) , Pierre Gallix , Thibaut Richard , Florent Labiale , Paola Ismail
• Managers : Antoine Delon , Yves Conan , Stanislas de Vasselot , Tiphaine de Labarre , Diane Larramendy , Clément Lemaire
• Société Banquier d’Affaires / Conseil M&A : CAMBON PARTNERS , David Salabi , Nicolas Pirot , Victor Simal Aldea , Alexandre Cuignet
• JOFFE & ASSOCIES , Thomas Saltiel , Camille Malbezin , Virginie Davion , Aymeric Dégremont
• Acquirer Investment banker / M&A advisor : FIG PARTNERS , Christophe Muyard
• Purchaser Corporate lawyer : WINSTON & STRAWN , Grine Lahreche , Audrey Szultz , Vincent Bourelly

Read the original CFNews article here.

 

Avenir Santé Formation, a company specializing in professional training in the healthcare sector, is to be taken over by Altur EdTrain, which is injecting nearly €3 million via a capital increase. Joffe & Associés (Aymeric Dégremont, Romain Soiron, Gabriel Ayache & Alexia Guyot) advised Altur Investissement on this transaction.

 

Avenir Santé Formation (ASF) came into being in 2017, thanks to Platina Partners and Ghislain Crassard, the founder-manager of Formavenir Performances, when it merged with Forma Santé. To counter the difficulties ASF has faced since the COVID crisis in meeting loan repayments, Altur Investissement is investing in the company via its new Altur EdTrain strategy; advised by M&A boutique G2 Invest (Guillaume Somekh), the investor is injecting €3m via a capital increase.

 

Altur EdTrain’s ambition is to enable ASF to achieve sales of €25 million within five years.

 

“Avenir Santé Formation is a company that has made a number of acquisitions in recent years in order to achieve critical mass and establish itself as a national player. We are investing via a capital increase, which will enable it to reorganize and reduce its debt, and put it in a position to unleash its organic growth and improve profitability,” Bertrand Cavalié, Altur EdTrain partner, told CFNews.

 

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• Target company : AVENIR SANTE FORMATION
• Transaction date: 16/04/2024
• Buyer or Investor : ALTUR INVESTISSEMENT , Bertrand Cavalié , Léonard de La Hosseraye
• Company Merchant banker / M&A advisor : AYA PARTNERS , Virginie Lagrange , Thibault Kerdoncuf , Zineb Azili
• Acquirer Investment banker / M&A advisor: G2 INVEST , Guillaume Somekh
• Purchaser Corporate lawyer : JOFFE & ASSOCIES , Romain Soiron , Aymeric Dégremont , Alexia Guyot; Gabriel Ayache
• Corporate Counsel: CHAMMAS & MARCHETEAU , Nicolas Lecocq , Mathilde Marty , Pierre Rougemond
• VDD Financial : ODERIS , Thomas Claverie , Paul Grandjean
• Senior debt; CAISSE D’EPARGNE ILE DE FRANCE (CEIDF) , CREDIT MUTUEL , SOCIETE GENERALE (FINANCING) , BNP PARIBAS (FINANCING) , CREDIT AGRICOLE (FINANCING)

Find the original article on Oligofeed’s LinkedIn here.

 

Oligofeed, a young Lyon-based deeptech specializing in the research and development of revolutionary macronutrients for bees, has launched a €600,000 fund-raising campaign to bring its solutions to market. Joffe & Associés (Thomas Saltiel, Océane Christmann and Clémence Bressolin) advised investor The Yield Lab Europe, and EY Ventury Avocats (Julien Tamagno and Margaux Noujarède) acted on behalf of Oligofeed in this transaction.

 

The decline of bees represents a major challenge to global food security. This disappearance is largely attributed to factors such as disease and the parasite Varroa Destructor, which are contributing to an alarming excess mortality of these essential pollinators. In order to counter the threat of extinction facing bees, Oligofeed intends to develop its revolutionary micronutrient, the fruit of nearly eight years’ research, in more than 5 countries. The product boosts the immune system of pollinating bees, reducing their mortality rate by up to 80%.

 

This round of financing was underwritten by The Yield Lab Europe and the following investors: CCI Capital Croissance, Frédéric Banzet, Jadeplat Limited Liability Company, Frédéric Robert and Etablissements Peugeot Frères.

 

To date, the company has been able to grow thanks to funding from friends and family, and subsidies obtained through competitions, notably by winning the I-Lab 2030 competition organized by Bpifrance. In order to move into the commercialization phase, Oligofeed finalized a first capital increase in April 2024, while keeping a certain amount of discretion regarding the amount sought and the investors mobilized. This capital increase is also intended to broaden the company’s product range.

 

Aneta Ozieranska, co-founder of the deepetch, explains in an official company statement, “With pollinator health declining, it’s crucial that the funding ecosystem supports innovative approaches to solving this problem. I’m delighted to welcome our new partners, who bring valuable expertise to improve our chances of success.”

 

Oligofeed is looking to expand its range of possibilities, with the aim of going to market in mid-2025.

Read the CfNews article here.

 

Adventys, a French manufacturer of induction cooking equipment, signs its acquisition by the Electrolux Professional group, world leader in the cookware market. Joffe & Associés (Christophe Joffe, Océane Christmann & Rémi Rodriguez) advised the sellers on this transaction.

 

Founded in 1999 in Seurre (Côte-d’Or), Adventys is a pioneer in the research, development and marketing of innovative induction equipment for professional kitchens. Seven years after welcoming Arkéa Capital and Ouest Croissance to its capital, the Burgundy manufacturer integrates Electrolux Professional, a subsidiary belonging to Electrolux, listed on Nasdaq in Stockholm since 2020. This acquisition is motivated by Electrolux Professional’s ability to support Adventys on larger-scale projects, and the development of new ranges aimed at strengthening its position in the induction cooking market.

 

Adventys Chairman Jean-Luc Pérot, his family and two financial investors, Arkéa Capital and Ouest Croissance, have sold their entire stake to Electrolux Professional for around €22 million. The Swedish group states that it expects to improve its Ebitda margin thanks to this acquisition.

 

Adventys distributes its products in over 50 countries, achieving sales of close to 7 million euros in 2023, with 40% coming from international markets, mainly in Europe and the USA. The company’s 40 employees join a Swedish group with 4,300 employees in 110 countries, with sales of SEK 2,974 million (around 250 million euros) in 2023.

 

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• Purchaser or Investor : ELECTROLUX PROFESSIONAL AB

 

• Seller : ACTIONNAIRES FAMILIAUX , Jean-Luc Perot , ARKEA CAPITAL , Kévin Chaigneau , OUEST CROISSANCE , Damien JouanneauPurchaser Corporate lawyer : ADVANT ALTANA , Fabien Pouchot , Théodore Sabot , Olivier Carmès

 

• Merchant Banker / M&A Advisor : MAZARS CF , Matthieu Boyé , Geoffrey Bailleul , Paul Faivre

 

• Corporate lawyer : JOFFE & ASSOCIES , Christophe Joffe , Océane Christmann , Rémi Rodriguez

Eres: find out more on CFNews here.

 

Eres has acquired Retraite.com, a retirement specialist offering French savers online information on retirement and savings products, comparisons and simulators of savings solutions, and online retirement assessments.

 

Joffe & Associés (Aymeric Dégremont, Alexia Guyot, Virginie Davion and Clément Peillet) advised the sellers of Retraite.com on this transaction.

 

Eres, the specialist in employee and retirement savings, is strengthening its online presence and rounding out its digital channels, in order to generate more leads and enhance the user experience

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OPERATIONS STAKEHOLDERS

Purchaser: Eres

Seller: Ludovic Herschlikovitz et autres

 

ADVISORS

Purchaser Corporate lawyer: Volt Associes , Hervé Bied-Charreton , Lucas d’Orgeval

Seller Investment banker: PWC Corporate Finance , Antoine Grenier , Adrien d’Alincourt , Quentin Duprez , Raphaël Donadieu

Seller’s Lawyer : Joffe & Associes , Aymeric Dégremont , Alexia Guyot , Virginie Davion , Clément Peillet