Activity :
Other
Customer :
Allegro Musique
Acquirer :
Ciclad, Managers
Advice :
Nicolas Ibanez, Maxime Fournely
About Largillière Finance
With offices in Paris, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.
LBO/MBO/OBO - 2024
In a majority transaction, Ciclad acquires a stake in Allegro Musique, France's leading provider of home music lessons, enabling a transfer of governance. Allegro Musique was advised by investment bank Largillière Finance.
The deal involves a handover between Jean-Charles Lopez, founder and Chairman since the creation of Allegro Musique in 2004, and 3 key managers, including Hélène Rabéchault, who becomes Managing Director. The other 2 managers, Samy Damak and Wilfrid Billiouw, are also shareholders in the group.
Allegro Musique
The company connects teachers (≈30,000 in its network) with students wishing to benefit from home music and/or singing lessons on a 100% digital platform. Allegro Musique recruits and supports teachers, leads the search for students and manages the relationship, including administrative and tax management, and student follow-up.
Today, Allegro Musique offers four courses (classical, variety, discovery, personalized support) in 3 formulas (12-month subscription, subscription with no time commitment, course books), mainly for children wishing to learn to play an instrument, or for independent students wishing to begin or perfect their playing.
Jean-Charles Lopez and his team have also worked hard to improve the 2005 Borloo Law (50% tax reduction for in-home personal services) with the coming into force in 2022 of the Law on the immediate advance of tax credit (AVIM), which has accelerated the group's growth.
The project
Allegro Musique's development project is based on pursuing organic growth (lowering customer acquisition costs and improving retention) and possibly external growth operations, if this makes sense for the group. The aim is also to support Jean-Charles Lopez in the gradual handover of his company to existing managers and shareholders.
Jean-Charles Lopez, Founder of Allegro Musique:
“Our collaboration with Ciclad is in perfect harmony with the values and ambitions of Allegro Musique, particularly regarding our commitment to grow by responding in the best way to our students‘ and teachers’ expectations”.
Eric Bruguière et Kenza Cohen of Ciclad :
“We are very happy to support a very friendly and high-quality team. Allegro admirably combines a passion for music with exceptional operational performance. We look forward to building this new phase of growth with Hélène, Jean-Charles, Samy and Wilfrid”.
Nicolas Ibanez, Partner at Largillière Finance :
“Allegro Musique is a leader in connecting music teachers with their future students, at the crossroads of learning and culture. Allegro Musique is a fast-growing company in its market, and its transfer to Ciclad and its team of associate managers is going from strength to strength, thanks to Ciclad’s excellent grasp of the company’s DNA. We are delighted to have helped seal this partnership!”
With more than 40 employees, a strong international presence and nearly 30 operations in 2023, Largillière Finance confirms its leader position in small and midcap in France.
Leading
Excellent
Investment Bank: "Best Small to Mid Team": Silver trophy 2024 Investment Bank: "Best Small to Mid Team": Bronze trophy 2023About Largillière Finance
With offices in Paris, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.
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