M&A Deal Summary

GIMV Acquires La Croissanterie

On November 23, 2017, private equity firm GIMV acquired restaurant La Croissanterie from Credit Mutuel Equity

Acquisition Highlights
  • This is GIMV’s 1st transaction in the Restaurants sector.
  • This is GIMV’s 22nd transaction in France.

M&A Deal Summary

Date 2017-11-23
Target La Croissanterie
Sector Restaurants
Buyer(s) GIMV
Sellers(s) Credit Mutuel Equity
Deal Type Secondary Buyout

Target

La Croissanterie

Clichy, France
La Croissanterie is a sandwich,sweet pastry restaurant chain and has 161 restaurants, two-thirds of which it directly manages. La Croissanterie was founded in 1977 and is based in Clichy, France.

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Buyer(S) 1

Buyer

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 116 of 170
Sector: Restaurants M&A 1 of 2
Type: Secondary Buyout M&A Deals 18 of 28
Country: France M&A 22 of 32
Year: 2017 M&A 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 AgroBiothers

Cuisery, France

AgroBiothers is a company specialized in production and distribution of pet care products. AgroBiothers was founded in 1880 and is based in Cuisery, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Brakel

Uden, Netherlands

Brakel is a provider of high-end solutions for glass daylight constructions (glass roofs and skylights), ventilation systems (top hung windows and flap ventilators) and fire safety systems (fire detection, smoke and heat extraction installations) in commercial and industrial buildings. Brakel was established in 1977 and is based in Uden, Netherlands.

Sell -

Seller(S) 1

SELLER
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 STATS #
Overall 17 of 39
Sector: Restaurants M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 20
Country: France M&A 16 of 35
Year: 2017 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 W.AG Funktion + Design

Geisa, Germany

W.AG Funktion + Design develops, produces, and offers plastic packaging cases and boxes. W.AG Funktion + Design was founded in 1992 and is based in Geisa, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 SPUD

Vancouver, British Columbia, Canada

SPUD is a local online organic food delivery company, serving four urban areas in Western Canada. The company delivers local, organic groceries to home and office for free and offers everything from produce to meat (and meat alternatives) to household items and pet supplies. SPUD was formed in 1997 and is based in Vancouver, British Columbia.

Buy -