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M&A Deal Summary

LFPI Group and Amundi Private Equity Acquire Snadec

On September 17, 2019, asset manager LFPI Group and private equity firm Amundi Private Equity acquired business services company Snadec from XAnge and Andera Partners

Acquisition Highlights
  • This is LFPI Group’s 2nd and Amundi Private Equity’s 1st transaction in the Business Services sector.
  • This is LFPI Group’s 8th and Amundi Private Equity’s 9th transaction in France.

M&A Deal Summary
Date 2019-09-17
Target Snadec
Sector Business Services
Buyer(s) LFPI Group
Amundi Private Equity
Sellers(s) XAnge
Andera Partners
Deal Type Secondary Buyout

Target

Snadec

Cagnes sur mer, France
Snadec provides a asbestos fireproofing removal and a significant player in the PACA region in the field of sanitation. Snadec was founded in 1980 and is based in Cagnes sur mer, France.

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Buyer(S) 2

Buyer

LFPI Group

Investor

Category Asset Manager
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

LFPI Group is a French asset management firm focused on a variety of alternative investment strategies. The Firm invests in private equity, private debt, real estate, as well as fixed income and equity. LFPI's private equity practice looks to invest or co-invest in French businesses with €10 to €500 of annual revenue. Sectors of interest include food, health, construction, distribution, and business services. LFPI Group is headquartered in Paris.

DEAL STATS #
Overall 9 of 9
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 4
Country: France M&A 8 of 8
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 CMG Sports Club

Paris, France

CMG Sports Club operates 22 fitness clubs in Paris under the Club Med Gym and Waou brands. Club Med Gym also manages third-party fitness centers for corporate clients. With more than 400 sports coaches, trained and graduated in-house by the “Institut des Métiers de la Forme”, CMG Sports Club operates a wide fitness network of owned and corporate clubs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Interflora

Lyon, France

Interflora is a flower and gift digital platform that operates a portfolio of complementary gifting brands including Interflora, the iconic European flower and gift brand in France, Denmark, Italy, Spain, Portugal, Luxembourg, Iceland, and Romania. MyFlower is the holding company of the Interflora France group operating the Interflora brand, a leader in floral transmission in Europe, which also owns the online pure-player “Bebloom”, as well as “Renaud Distribution”, a leader in distributing supplies to florists, and cadeaux.com, the leader in online distribution of personalized gifts. Interflora was formed in 1991 and is based in Lyon, France.

Sell -
Buyer

Amundi Private Equity

Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Amundi Private Equity is the direct, private equity investment arm of asset manager Amundi. The Group looks to invest €10 to €50 million in growth companies generating up to €1.5 billion in sales. Amundi Private Equity principally looks to acquire stakes in French companies, but will consider broader Western Europe as well. Sectors of interest include financial services, healthcare, materials, consumer products, energy, information technology, and communications. Amundi Private Equity is based in Paris, France.

DEAL STATS #
Overall 9 of 17
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 9
Country: France M&A 9 of 15
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 FrogPubs

Paris, France

FrogPubs is a pub chain operating 10 English pubs, 8 of which are located in Paris, the other ones being in Toulouse and Bordeaux. FrogPubs was founded in 1993 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Ekoï

Fréjus, France

Ekoï is an online retailer of equipment for cyclists and triathletes. Ekoï was founded in 2001 and is based in Fréjus, France.

Sell -

Seller(S) 2

SELLER

XAnge

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2004
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

XAnge is an early stage investor in Western European startups focused on enterprise data, financial technology, digital media, and tech-enabled services. XAnge was estbablished in 2004 and is headquartered in Munich, Germany.

DEAL STATS #
Overall 35 of 42
Sector: Business Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 9 of 9
Country: France M&A 25 of 30
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-04 Sequoiasoft

Valbonne, France

Sequoiasoft publishes marketing and management software for accommodation professionals (hotels, tourist residences and campsites), catering and well-being professions (spas, thalassotherapy center and thermal activities). Sequoiasoft was founded in 2010 and is based in Valbonne, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Sculpteo

Villejuif, France

Sculpteo offers online 3D printing services for prototyping and production. Sculpteo was founded in 2009 and is based in Villejuif, France.

Sell -
SELLER

Andera Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.

DEAL STATS #
Overall 19 of 52
Sector: Business Services M&A 6 of 11
Type: Secondary Buyout M&A Deals 6 of 16
Country: France M&A 14 of 40
Year: 2019 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 99 Group

Neuilly sur Seine, France

99 Group is a provider of consulting services for the banking and insurance sectors, investing alongside management. 99 Group was formed in 2016 and is based in Neuilly sur Seine, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Olaqin

Suresnes, France

Olaqin is a value-added e-health service operator that supports healthcare professionals through tailored solutions adapted to each sector. It delivers its services either indirectly or via a dedicated partner network. Olaqin was founded in 2019 and is based in Suresnes, France.

Buy -
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