M&A Deal Summary

BIP Investment Partners and Omnes Capital Acquire Captain Tortue

On December 13, 2018, private equity firms BIP Investment Partners and Omnes Capital acquired apparel/textiles company Captain Tortue from Defi Gestion and L Capital Management

Acquisition Highlights
  • This is BIP Investment Partners’ 1st and Omnes Capital’s 5th transaction in the Apparel/Textiles sector.
  • This is BIP Investment Partners’ 3rd and Omnes Capital’s 108th transaction in France.

M&A Deal Summary

Date 2018-12-13
Target Captain Tortue
Sector Apparel/Textiles
Buyer(s) BIP Investment Partners
Omnes Capital
Sellers(s) Defi Gestion
L Capital Management
Deal Type Secondary Buyout

Target

Captain Tortue

Aix-en-Provence, France
Captain Tortue is a provider of direct selling women's ready-to-wear clothing. It designs around 330 models through its four brands: Trend (trendy collection, urban chic), Miss (classic and casual collection), Little Miss (children's collections, teenagers and small sizes) and Java (home wear comfort-casual). Captain Tortue was founded in 1993 and is based in Aix-en-Provence, France.

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Buyer(S) 2

Buyer
DESCRIPTION

BIP Investment Partners is a private equity firm firm focused on a variety of long-term investments including buyouts, growth capital financings, sale of minority stakes, successions, and corporate spin-offs. BIP prefers opportunities in Austria, Belgium, France, Germany, Luxembourg, Netherlands, and Switzerland and generally looks to commit €10 to €25 million per transaction. Sectors of interest include technology, media, telecom, industrial, consumer, retail, business services, and healthcare. BIP investment Partners is headquartered in Luxembourg.


DEAL STATS #
Overall 16 of 22
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: France M&A 3 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-23 LEUNA-Tenside

Leuna, Germany

LEUNA-Tenside GmbH is a surfactant and chlorinated paraffin producer based in Leuna, Germany. Surfactants are vital ingredients utilized in the manufacturing of a wide range of products for daily use across personal care, consumer goods, as well as industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Escaux

Wavre, Belgium

Escaux is specialized in IP telephony and unified communication solutions for private and public-sector businesses. Escaux was founded in 1994 and is based in Wavre, Belgium.

Sell -
Buyer

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 140 of 162
Sector: Apparel/Textiles M&A 5 of 5
Type: Secondary Buyout M&A Deals 24 of 27
Country: France M&A 108 of 118
Year: 2018 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Repower Renewable

Italy

Repower Renewable s managing the portfolio assets and developing new generation projects in the renewable energy sector. Repower Renewable is based in Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 UNITe

Lyon, France

UNITe is an independent electricity producer and operates a portfolio of 21 hydroelectric facilities. The entity has 42 MW in installed capacity and generates 148 GWh in electricity from renewable sources. UNITe was founded in 1985 and is based in Lyon, France.

Buy -

Seller(S) 2

SELLER

Defi Gestion

Lausanne, Switzerland

Category Private Equity Firm
Founded 1990
PE ASSETS 200M CHF
Size Small
Type Sector Agnostic
DESCRIPTION

Defi Gestion SA is a Swiss private investment firm that targets venture capital as well as later stage private equity investment opportunities. The Firm's buyout group looks to invest between 3 and 7 million CHF in growing businesses with at least €10 million in annual revenue. Areas of interest include consumer products, industrial, energy, manufacturing, and business services. Defi Gestion will consider both minority and majority investment situations and prefers businesses located in Switzerland, France, Germany, Italy and the Benelux. Defi Gestion SA was formed in 1990 and is based in Lausanne, Switzerland.


DEAL STATS #
Overall 7 of 8
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: France M&A 3 of 3
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 Asic Robotics

Burgdorf, Switzerland

Asic Robotics is a developer and manufacturer of custom-built machines for production, assembly and testing processes for a wide variety of industries. Asic Robotics was founded in 1995 and is based in Burgdorf, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Kyotec Group

Bissen, Luxembourg

Kyotec Group is a designer, assembler and installer of curtain walls (external cladding of the building for large non-residential projects). Kyotec Group was founded in 2008 and is based in Bissen, Luxembourg.

Sell -
SELLER

L Capital Management

Paris, France

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.


DEAL STATS #
Overall 15 of 17
Sector: Apparel/Textiles M&A 5 of 6
Type: Secondary Buyout M&A Deals 6 of 7
Country: France M&A 7 of 8
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-15 Stroili Oro Group

Amaro, Italy

Stroili Oro Group SpA is an Italian retail chain for jewellery, watches and other affordable gold and silver accessories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 ba&Sh

Paris, France

ba&Sh is a fashion brand that designs and manufactures a full range of women’s apparel, with a distinctive design. Sold mainly in premium mono-brand retail locations in France, department stores and online, with international expansion in targeted geographies currently underway in the UK, Germany, Switzerland, the USA, and Asia. ba&Sh was formed in 2003 and is headquartered in

Sell -