An insurance broker for over 80 years, Antinea Courtage d’Assurances is a family-owned company that since 2018 has grouped together the brokers Ginet, Sacdrop Assurances and Auvergne Courtage d’Assurances. Chaired by Patrick Ginet, the structure employs more than 95 people in its management centers in Béligneux near Lyon, in Grenoble, in Clermont-Ferrand and within its 9 commercial establishments. Ranked 23rd French broker in 2021 by the Argus de l’Assurance, Antinea has a turnover of more than 10 M€ and counts among its clients more than 5,000 companies. The group is specialized in the transport and logistics sectors, and in the building and construction industry.

Chairman and shareholder of the group since 2006, Patrick Ginet now wishes to initiate the transmission of the company to his son Quentin, current CEO since 2020, by selling him part of his shares. The operation is supported by the Lyon-based investment company Capelia, which is taking a minority stake in the company.

This new step is in line with the development plan initiated by Patrick Ginet, which is based on the consolidation of the group and the pursuit of development on the territory with the opening of new management centers.

Largillière Finance is well acquainted with the insurance sector, having carried out more than ten transactions in the last two years. The efficient process carried out by the investment bank has allowed to set the best conditions for all parties involved in this operation.

About Antinea

Created in 1926, Antinea Courtage d’Assurances is a family company specialized in insurance brokerage covering the business risks of small and medium sized companies.

Antinea Courtage d’Assurances is mainly active in the freight transport sector.

About Capelia

Capelia is an investment company, based in Lyon and Lille, which supports SMEs in their development and transmission projects. Capelia was founded in 2009 by five entrepreneurs whose desire is to be useful and involved with the managers of the companies in which they invest. Capelia invests between 2 and 10 M€ as a minority or majority shareholder and can accompany projects over several cycles.

List of speakers

Created in 2013 by Ludovic De Azevedo and based in Cambrai, Lisa Design is a French specialist in the sale of designer furniture. The company sells its products in B2C via its own website Bestmobilier.com and through marketplaces such as Cdiscount, Conforama, But or La Redoute. With nearly 10 years of experience in the sector, the brand offers a wide range of sofas and has a fast-growing turnover of around €40 million.

SGPA, a family office founded by Jean-Paul Guisset, has a varied experience in e-commerce (JPG, Bruneau, Companeo, The Bradery, Hardloop…), in digital companies (Proxiteam, Welcome To The Jungle, Strapi, Kameleoon, Clevy…) and in Education (Strada Education, Le Cours d’Assas, Objectif Barreau…).

Ludovic De Azevedo, founder and manager of Lisa Design, remains at the helm of the company with his wife Elodie De Azevedo (CFO). They will benefit from the support of SGPA’s teams to implement an ambitious development project: expand its product and service offering and strengthen its presence on the e-commerce market in France and internationally.

This process was made possible thanks to Largillière Finance’s extensive expertise in e-commerce, a sector in which the bank has already carried out 6 operations in the last 12 months. Thomas Bureau, Associate Director at Largillière Finance, comments: “Lisa Design is at the crossroads of two markets driven by the health crisis, e-commerce and home improvement: with the introduction of telecommuting, the desire to improve one’s interior is there. We are proud to have accompanied Lisa Design which has all the assets to become one of the referents of the sector “.

Founded in 2011 by Hector and Frédérique Cano, Cotton Bird has established itself as the French leader in the market of high-end announcement cards. The company has built its success on its recognized creative expertise, premium positioning and French-made products, a 100% digital approach and a well-managed customer service. Cotton Bird employs around 100 people at its two sites in Lille and Perpignan and has experienced average annual growth of more than 15% since 2015 to reach €17 million in sales by 2021, 30% of which is international.

Anxious to ensure the success of their succession while preserving Cotton Bird’s independence, the founders have organized the managerial transmission of the company over the past two years by entrusting the general management to a duo composed of Kevin Ha and Julie Joaris. The two managers, who are taking along a dozen executives who are investing alongside them in the operation, are continuing the development plan initiated by the founders: consolidation of the brand in France, Germany and Spain, expansion of the product offering and continued international development with the opening of new countries.

The efficient process led by Largillière Finance allowed to set the best conditions for all parties involved in this MBO and to identify the best candidates to support the growth of Cotton Bird. This transaction was carried out through the implementation of a bank acquisition financing from Caisse d’Epargne Hauts-de-France.

]]> https://largilliere-finance.com/en/transaction/groupe-ocellis-ouvre-son-capital-a-ses-managers-et-a-turenne-groupe/ Fri, 21 Jan 2022 13:56:07 +0000 http://largilliere-finance.com/transaction/groupe-ocellis-ouvre-son-capital-a-ses-managers-et-a-turenne-groupe/ The investment bank Largillière Finance has advised the founder of Ocellis Group, a leading player in the development and HVAC of tertiary spaces in France, in the opening of its capital to its managers and the private equity fund Turenne Emergence, a growth LBO fund specialized in B2B Services and Digital of Turenne Groupe, one of the leaders in French private equity (AUM: €1.4 billion).

Founded in 1999 by Christophe Pinot, the Ocellis Group is a specialist in the design and renovation of tertiary spaces as well as in the installation and maintenance of air conditioning and heating systems. Supporting a clientele of owners as well as users, the group is experiencing a regular and sustained growth of its activities. In 2021, it will achieve a turnover of about 36 M€ (in growth of + 18%).

The efficient process led by Largillière Finance has allowed to set the best conditions for all parties involved in this primary LBO transaction and to identify the ideal candidate to support the Group’s growth.

On the occasion of this transaction, Christophe Pinot remains the majority shareholder of the Ocellis Group and joins its main managers – Romuald Alves Cunha, Grégory Chappuis and Tony Bernardo, as well as Turenne Groupe, via its Turenne Emergence fund. The bank financing was arranged by CM-CIC and Arkéa Banque Entreprises et Institutionnels.

List of Speakers

Founded in 2002, the ZiCom Group specializes in the distribution of low-voltage equipment: professional telephony, videoconferencing, security and cabling/networks. In 2020, the Group achieved a turnover of €60 million. It is part of the Alliance-Com network, the leading distribution network for low-voltage solutions in France, representing more than €150 million in sales.

ZiCom has enjoyed profitable and uninterrupted growth for nearly 10 years, even during the health crisis. Its progress is marked by several structuring and complementary external growth operations (Immotique, ACRd, Indis, Axis, etc.).

The exit of Dominique Desbouvries (co-founder), Olivier Cheret and Frédéric Cristofini allows the relution of the two current managers: Rémy Weibel (co-founder) and Sébastien Lee (reference shareholder).

This operation is the first step in the Group’s ambitious development plan, supported by its two managers, to become a European leader within 5 years.

List of Speakers:

HISI Group’s Capital

with the Entry of Capitem Partenaires and Bpifrance

The investment bank Largillière Finance has supported HISI Group, a specialist in data hosting via cloud infrastructures, in the reorganisation of its capital, allowing the entry of two new shareholders: Capitem Partenaires and bpifrance alongside the group’s historical founder.

This new operation demonstrates once again Largillière Finance’s expertise in the “Tech and Digital” and “Business Services” sectors.

In this transaction, Largillière Finance was able to define the conditions for a satisfactory deal for all parties involved and to identify the most appropriate investment funds to reinstate the HISI Group in a growth dynamic.

With a turnover of €25M and around one hundred employees, HISI Group aims to reach €50M in revenues by 2025.

The work of the experts at Largillière Finance consisted in structuring the entire transaction between Mathieu and Benjamin Austernaud (the latter having been within the group for more than 10 years) and Azouz Aga, the seller and historical founder of Opticia. The two managers, newly appointed, wish to continue the development of Opticia.

One of the major challenge for Largillière Finance was to obtain financing for the operation, given the reluctance of banks to enter the optical sector, a particulary competitive market in Guadeloupe.

The local expertise of Largillière Finance also proved crucial on the more technical aspects, as the company is made up of five shops owned by three separate companies. Finanly, the overseas clients benefited from all the confidentiality by the support of an external advisor, especially off-site…

About Opticia
Created more than 25 years ago, Opticia is one of the main brands in Guadeloupe for the sale of glasses and optical products. The company has six of its own sales outlets, ideally located in busy areas, in order to ensure a network of the whole territory. It is distinguished by services adapted to the local market : marketing, services of a mobile optician at home, commercial offers and products.

Stakeholders

The advisory firm Largillière Finance supports PW Consultants, a strategic consultancy firm specialising in payment solutions, to reorganise its capital as part of a sponsorless OBO (Owner Buy-Out).

This transaction allows around ten managers to become shareholders and leads PW Consultants – which does business in a high-potential market – into a new era of growth. This OBO consolidates Largillière Finance’s significant expertise in the strategic consultancy and digital transformation sectors.

The transaction managed by Largillière Finance had two goals:

– Turn an ambitious team of managers committed to the success of PW Consultants into shareholders;
– Lead PW Consultants into a brand-new era of growth and value creation.

With €10 million in turnover and around fifty consultants, PW Consultants is a pure player in a disruptive sector with significant growth prospects. Its high-calibre expert consultants work with the biggest names in banking, major retailers and fintechs.

The transaction was coordinated with the Structured Finance teams at BNP Paribas and LCL. The entire legal side was managed by the teams at FTPA. With this successful admission of new shareholders, Largillière Finance yet again demonstrates its superb understanding of the sector, reflecting over 14 years of work with consultancy firms like TNP or Quodagis and many projects involving Management Packages.

Stakeholders:

of the communication agency Big Success

Largillière Finance advised on the LMBO of Big Success, an integrated communication group (13 million turnover, 80 employees, 350 clients), a transaction financed by Trocadéro Capital Partners. The six managing partners of BIG SUCCESS now own 100% of its capital, after buying shares from the co-founder Jean-Paul Tréguer. With financial support from Trocadéro Capital Partners, the group now has what it needs to step up its external growth.

About Big Success:

Founded by Jean-Paul Tréguer and Rodolphe Muller in 1995, Big Success is an integrated communication group: advertising agency, purchaser of advertising space, SEO specialist, crowdsourcing platform, and Amazon and marketplace expert. It has a special focus on audiovisual and digital services.

Dedicated to advertisers who want to use creativity to win sales, a return on investment and smart solutions to better achieve their goals. Big Success widens access to mass media and guarantees a “low cost, high quality” service.

More information about Big Success: https://www.bigsuccess.fr/

About Trocadero Capital Partners:

Trocadero Capital Partners (‘TCP’) is an independent management firm approved by AMF. TCP’s investment team has been recognised for years as a leader in private equity for French and European companies valued between €10 million and €100 million.

TCP stands out for its entrepreneurial spirit, a rapid response thanks to streamlined decision-making and commitment to creating values for the companies which it supports.

More information at www.trocaderocp.com

Stakeholders:

Groupe QUODAGIS on its capital reorganisation

QUODAGIS reorganises its capital as part of a sponsorless OBO.

Groupe QUODAGIS is an IT infrastructure specialist which encompasses 4 companies. It supports its key account and SME clients with IT transformation and technology deployment projects.

With over one hundred employees and turnover of €11 million, Groupe QUODAGIS has an ambitious development plan to double its turnover over the next three years.

The capital reorganisation is part of this development plan, which aims to meet three goals:

• Simplify the Group’s legal structure and promote a strong unique brand: QUODAGIS;
• Allow the gradual introduction of a new generation of managers as shareholders;
• Provide the Group with additional financial resources in line with its ambitions.

The operation was carried out with the Structured Finance teams at Banque Populaire Rives de Paris, QUODAGIS’ historic bank, as well as Banque Tarneaud.

About QUODAGIS (www.quodagis.fr)

Founded in 2014, QUODAGIS is an IT group specialising in services to help IT infrastructures to work smoothly. The Group supports over 500 clients with their IT transformation and technology deployment projects. QUODAGIS offers its expertise in areas such as: integration of ITSM/ITAM solutions in partnership with market leaders (BCM, Nexthink, Cherwell, Easyvista, Matrix42, Bomgar, etc.), managed services (IT outsourcing, user support, supervision), infrastructure digital transformation (Systems Networks Storage/Physical Virtual Cloud) and technical assistance of IT/Network and Telecom experts.

Stakeholders: