Secondary Buyout • Distribution

Credit Mutuel Equity, Nordic Capital and Turenne Investissement Acquire La Foir Fouille

On July 31, 2014, asset manager Credit Mutuel Equity, private equity firm Nordic Capital and private equity firm Turenne Investissement acquired distribution company La Foir Fouille from Qualium Investissement

Acquisition Context
  • This is Credit Mutuel Equity’s 1st, Nordic Capital’s 5th and Turenne Investissement’s 2nd transaction in the Distribution sector.
  • This is Credit Mutuel Equity’s 71st, Nordic Capital’s 3rd and Turenne Investissement’s 13th transaction in France.

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M&A Deal Summary

Date July 31, 2014
Target La Foir Fouille
Sector Distribution
Buyer(s) Credit Mutuel Equity
Nordic Capital
Turenne Investissement
Sellers(s) Qualium Investissement
Deal Type Secondary Buyout

Target Company

La Foir Fouille

Castelnau-le-Lez, France
La Foir’Fouille is the French joint leader in the distribution of low-cost household goods and leisure products. La Foir'Fouille was founded in 1975 and is based in Castelnau-le-Lez, France.
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Buyers Overview 3

Buyer
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.


Deal Context for Buyer #
Overall 75 of 188
Sector: Distribution 1 of 8
Type: Secondary Buyout 9 of 21
Country: France 71 of 161
Year: 2014 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 Atelia

Saint-Ouen, France

Atelia is specializing in consultancy, engineering and project management in the construction, infrastructure, water and environment sectors. Atelia was founded in 1961 and is based in Saint-Ouen, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-25 Melijoe

Paris, France

Melijoe is a an online children's fashion store. Melijoe was founded in 2007 and is based in Paris, France.

Buy -
Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 76 of 142
Sector: Distribution 5 of 5
Type: Secondary Buyout 16 of 46
Country: France 3 of 4
Year: 2014 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 Lindorff

Oslo, Norway

Lindorff is a full-service European credit management service provider. The company offers information services, payment services, invoicing services, debt collection, and debt purchase. Lindorff was founded in 1898 and is based in Oslo, Norway.

Buy €2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-20 Quant

Stockholm, Sweden

Quant is a multinational maintenance service provider, maintaining and improving the safety, production and equipment performance for over 400 facilities around the world. The company offers maintenance services within a wide range of industries, including pulp and paper, mining and minerals, chemicals, food and beverages. Quant is based in Stockholm, Sweden.

Buy -
Buyer
DESCRIPTION

Turenne Investissement is a French private investment firm focused on acquiring interests in growth companies. Turenne targets its investment activity within the industrial, services, health, and retail sectors. Turenne looks for companies that are at or near profitability and valued between €5 and €100 million. Turenne Capital was formed in 2006 and is based in Paris.


Deal Context for Buyer #
Overall 14 of 18
Sector: Distribution 2 of 2
Type: Secondary Buyout 2 of 3
Country: France 13 of 17
Year: 2014 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Menix Group

Lyon, France

Menix group was created as a result of merger between Serf and Dedienne Sante. Menix Group is a specialist designer, manufacturer and distributor of orthopaedic (primarily hip and knee) and dental implants, as well as related instruments sets. Menix Group was formed in 2009 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Quadrimex Group

Cavaillon, France

Quadrimex Group is a distributor of high value-added specialty chemicals, road de-icing solutions and specific dehydration. Quadrimex Group was founded in 1986 and is based in Cavaillon, France.

Sell -

Seller Profile 1

SELLER

Qualium Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Qualium Investissement is a large private equity firm focused on acquiring and investing in French companies. The Firm does not have any sector preferences and prefers buyouts of family-owned or closely held companies that are seeking a change of ownership. Qualium's looks to invest €20 to €75 million in transactions valued up to €250 million. Qualium Investissement is based in Paris.


Deal Context for Seller #
Overall 23 of 38
Sector: Distribution 4 of 4
Type: Secondary Buyout 17 of 26
Country: France 21 of 36
Year: 2014 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 DGF

Chanteloup-les-vignes, France

DGF engages in the creation and distribution of finished and semi-finished ingredients and food products for professionals in the bakery, pastry, and catering sectors, with more than 23,000 end customers. Positioned on the whole distribution chain. DGF was founded in 1986 and is based in Chanteloup-les-vignes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 IMV Technologies

Normandy, France

IMV Technologies engages in the areas of animal and human-assisted reproduction technologies and veterinary imaging. IMV Technologies provides customers with solutions for animal artificial insemination; its human division, Cryo Bio System, offers solutions for human assisted reproduction including human embryo vitrification, human sperm freezing, and preservation, and other assisted reproduction technologies. IMV Technologies was founded in 1963 and is based in Normandy, France.

Buy -

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