M&A Deal Summary

Ardian and Latour Capital Acquire Groupe RG

On November 8, 2021, private equity firms Ardian and Latour Capital acquired safety/security company Groupe RG from LBO France

Acquisition Highlights
  • This is Ardian’s 5th and Latour Capital’s 2nd transaction in the Safety/Security sector.
  • This is Ardian’s 180th and Latour Capital’s 18th transaction in France.

M&A Deal Summary

Date 2021-11-08
Target Groupe RG
Sector Safety/Security
Buyer(s) Ardian
Latour Capital
Sellers(s) LBO France
Deal Type Secondary Buyout
Advisor(s) Canaccord Genuity (Financial)
Delaby & Dorison (Legal)

Target

Groupe RG

Saint-Priest, France
Groupe RG is a specialized distributor of Personal Protective Equipment (PPE). The group distributes a wide range of products (35,000 references) covering 6 main protection fields: Head, Hand, Foot, Body, Breathing, and Hygiene & Safety in the working environment. Groupe RG was formed in 1987 and is based in Saint-Priest, France.

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Buyer(S) 2

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 402 of 418
Sector (Safety/Security) 5 of 5
Type (Secondary Buyout) 130 of 137
Country (France) 180 of 185
Year (2021) 20 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Bellrock Property & Facilities Management

Leicester, United Kingdom

Bellrock Property & Facilities Management supplies a range of managed facilities and property services under long-term contracts to a blue-chip client-base spanning the healthcare, education, corporate and retail sectors. Bellrock Property & Facilities Management was founded in 1995 and is based in Leicester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 SIACI Saint Honoré

Paris, France

SIACI Saint Honoré is an insurance brokerage and consultancy group. Group designs and develops customized solutions for its corporate clients in Property & Casualty, Transportation, Social Protection, Employee Benefits, Retirement, and International Mobility. The services provided by SIACI SAINT HONORE cover the entire value chain, from risk management advice to the piloting and management of insurance schemes. SIACI Saint Honoré was founded in 1957 and is based in Paris, France.

Sell -
Buyer

Latour Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 3.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Latour Capital is a French private equity firm focused on buyouts, divestitures, and growth capital investments in Western Europe. Latour pursues companies valued between €50 and €300 million where it can invest €15 to €45 million. Latour Capital is sector agnostic, but the Firm has a preference for business services companies. Latour Capital was formed in 2011 and is based in Paris.


DEAL STATS #
Overall 19 of 21
Sector (Safety/Security) 2 of 2
Type (Secondary Buyout) 8 of 8
Country (France) 18 of 19
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 YellowKorner

Paris, France

YellowKorner is specializing in the distribution of limited edition photographs using a click & mortar approach. YellowKorner was founded in 2006 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 ERI

Fontenay-sous-Bois, France

ERI is a provider of renovation, maintenance, and rehabilitation of all types of building for clients mainly composed of public and quasi-public operators. ERI was founded in 1957 and is based in Fontenay-sous-Bois, France.

Sell -

Seller(S) 1

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 51 of 55
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 28 of 31
Country (France) 44 of 47
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Vetroelite

Treviso, Italy

Vetroelite provides premium glass packaging solutions for the fast-growing spirits, gourmet food, home fragrances, wine, and cosmetics industries. It has a worldwide presence, operating from multiple locations across Europe and North America, and serving customers in 90 countries. Vetroelite was formed in 1994 and is based in Treviso, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Alliance Marine

La Garde, France

Alliance Marine is the expert in third-party and proprietary equipment and spare parts, for renovation and maintenance in the boating and marine industry sectors. Alliance Marine was founded in 1999 and is based in La Garde, France.

Buy -