Month: December 2024

Read the official press release on Turenne Groupe’s LinkedIn account here.

 

Génération Snacking, an SME based in the Oise region, specialising in the manufacture of top-of-the-range pastries and sandwiches, has joined forces with Turenne Groupe’s Regain 340 fund to accelerate its development. Joffe & Associés (Christophe Joffe, Rudy Diamant & Marie-Camille Degrugillier) advised Génération Snacking on this transaction.

 

The company offers a standard range of products, while supporting its key account customers in the creation of customised recipes. The company has won over a loyal customer base thanks to the adaptability of its services, the quality of its products and its capacity for innovation.

 

Thanks to a strategic partnership with Turenne Groupe’s Regain 340 fund, Génération Snacking aims to become a leader in the snacking market, both in France and internationally. The fast-growing company plans to double its current sales of €10 million over the next four years through strategic development and expansion. This plan is based on strengthening its production and research and development capabilities.

 

Founded in 2013 by Michael Dana, Génération Snacking embodies an approach based on excellence, innovation and responsiveness. This partnership with Turenne Groupe will enable the company to consolidate its position in France while exploring international opportunities, with a shared vision of sustainable growth and customer satisfaction.

Kapsera, a Bordeaux-based start-up specialising in agricultural biotechnology, has announced that it has raised €4.2 million to further develop its innovative microencapsulation technology aimed at improving the efficiency of sustainable agriculture. Joffe & Associés (Thomas Saltiel, Océane Christmann & Clémence Bressolin) advised the Banque des Territoires (on behalf of the French government as part of France 2030) and The Yield Lab Europe.

 

The funding, led by Banque des Territoires and The Yield Lab Europe, will help the company to build up its industrial capacity and launch its first production units in 2025. Kapsera’s technology, which uses biodegradable materials to improve the efficiency of natural agricultural inputs, promises significant improvements in crop protection and fertilisation, particularly for vineyards.

 

The capital raised will be used to set up production units and reach a target of 200 tonnes per year by 2027. In addition to the aforementioned agricultural applications, the technology should also be applied to human and animal nutrition. This follows promising results from trials in which Kapsera demonstrated its ability to reduce insect damage, while improving grape harvests through microencapsulated solutions. The first unit should be operational in 2025 at the company’s current premises in the Bordeaux Lac district.

 

Kapsera’s leadership in this field could create significant employment opportunities, with the company planning to hire 20 people over the next two years. The company’s innovation places it at the forefront of sustainable farming practices, with a strong focus on ecological and economic growth.

 

‘This round of financing marks a decisive step in Kapsera’s development. It will enable us to begin our industrialisation phase, to support our customers in their commercial ambitions and in their desire to offer high-performance, sustainable and healthy solutions to their markets’, says Antoine Drevelle, CEO and co-founder of Kapsera, speaking to La French Tech Bordeaux magazine. ‘We are delighted to welcome two new visionary investors who share our ambition to accelerate the transition to sustainable agriculture and healthy food. They join our long-standing shareholders as well as the Nouvelle-Aquitaine Region and Bpifrance. Together, we’re going to meet the major challenges facing the food of tomorrow.

ChapsVision, a French player specialising in digital transformation and data management, is accelerating its development in the field of artificial intelligence with the acquisition of Sinequa, a company renowned for its AI-based search and analysis solutions. Joffe & Associés (Thomas Saltiel, Camille Malbezin, Charlotte Viandaz and Alexia Guyot) advised SINEQUA and the sellers on this transaction.

 

This strategic acquisition consolidates ChapsVision’s position as a major player and strong competitor in the information technology sector, often compared to the emblematic Palantir, but with a European and sovereign approach. At the same time, the company closed a third round of financing, for an amount close to €85 million, with its historic investors (Tikehau Capital, a specialist in alternative asset management, Qualium Investissement, Bpifrance and GENEO Capital), as well as its new investor, Jolt Capital. Joffe & Associés (Thomas Saltiel, Camille Malbezin, Charlotte Viandaz and Alexia Guyot) advised JOLT on this transaction.

 

The integration of Sinequa into the ChapsVision portfolio will merge Sinequa’s advanced data analytics capabilities with ChapsVision’s business solutions. This move is part of an overall strategy to create an integrated data monetization platform for regulated sectors such as finance and defence, while affirming a strong commitment to technological sovereignty.

 

With this acquisition, ChapsVision has strengthened its position in the European AI market, consolidating a unique expertise that should enable it to become ‘the European benchmark publisher in massive data processing’, according to BPI France.

 

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ADVISORS :

•  Sinequa shareholders

• M&A : Joffe & Associés (Thomas Saltiel, Camille Malbezin, Charlotte Viandaz et Alexia Guyot)
• Advisory bank (M&A): Clipperton

 

• ChapsVision 

• Conseils due diligence : E&Y (Juridique), Grant Thornton (Finance, Social et Fiscal)
• M&A : Valther Avocats (Idris Hebbat, Thibault Germain)
• Strategy : Altman Solon
• Tax : Arsène Taxand
• Fiance : Accuracy

 

• Historic investors in Chapsvision: Qualium Investissement, Tikehau, Bpifrance and GENEO Capital

• M&A : Goodwin Law, Willkie Farr & Gallagher, Proskauer Rose LLP

 

• New Chapsvision investors: Jolt Capital

• M&A : Joffe & Associés (Thomas Saltiel, Camille Malbezin, Charlotte Viandaz et Alexia Guyot)