Sale of Groupe DREYER to its management, supported by Siparex, BNP Paribas Développement, and Caisse d’Épargne Rhône Alpes Entreprises
French industrial group DREYER, a specialist in the manufacture of cold rooms and modular solutions, has announced a change in its shareholder structure, with a management buy-out to launch a new strategic dynamic. This capital transition accompanies the exit of the historical partners, Pierre PERNIAS (founder), Thierry RUSCICA, and the LT Capital fund, advised by Largillière Finance.
Based in Avignon, Vedène and Lyon, the DREYER group meets the essential challenges of industry and the demands of its markets by offering innovative, high-performance and responsible solutions for cold rooms, off-site buildings and customized sea container conversion.
Founded 50 years ago by Alain DREYER and Philippe PUY of Lyon, France, DREYER specializes in the deployment of cold room solutions.
In recent years, it has consolidated a modular construction business with the creation of EASYCUBE, which builds off-site buildings, and the acquisition of CAPSA in 2019, which transforms and fits out customized sea containers for construction, industry and events. Today, the DREYER Group has total sales of around €40 million and employs 200 people.
Positioning itself as an “essential industry”, the group designs infrastructures that are often inconspicuous but always vital, particularly in the world of refrigeration and storage, and that contribute to the country’s food, energy and health sovereignty. At the crossroads of industrial, logistical and environmental challenges, our products and services are fully in line with the ongoing changes in Europe’s industrial fabric. The group is particularly committed to the environment, offering solutions for re-use, using recyclable or bio-sourced materials, and constantly reducing its carbon footprint, with energy production exceeding consumption.
Thanks to the strategy led by the historical partners, Pierre PERNIAS and Thierry RUSCICA, supported by LT Capital which joined in 2017, the group has become a key player in its two sectors, with a solid business model, and is ready to embark on a new strategic dynamic.
This shareholder transition is accompanied by a new managerial organization. The Group is now led by Félix BAEZNER, Chairman, and Guillaume BOISSIERE, Managing Director, who joined in 2019 via the acquisition of CAPSA. They are reinvesting with key managers alongside a majority pool of private equity funds including Siparex Territoires (via Fonds Souverain Auvergne-Rhône-Alpes), BNP PARIBAS Développement and Caisse d’Épargne Rhône Alpes Entreprises.
2025
Largillière Finance Experts
- Nathanaël Blanc
- Maxime Fournely
Counterpart
Après 20 ans à construire le groupe DREYER, avec le soutien de LT Capital depuis 8 ans, nous sommes très heureux de confier les prochaines étapes de développement à Félix et Guillaume. DREYER dispose de tous les atouts pour aborder ce nouveau chapitre dans les meilleures conditions. La collaboration avec Largillière Finance a été déterminante dans la réussite de cette cession. Leur compréhension fine du marché, y compris au niveau international, et leurs fortes affinités avec la région de Lyon et du Sud nous ont permis de réaliser cette opération de MBO, qui assure une transition dans la continuité et offre une grande pérennité au groupe.
Pierre PERNIAS et Thierry RUSCICA
Associés historiques du groupe
Nous sommes heureux d’avoir reçu la confiance des actionnaires pour mener à bien cette opération. Le groupe DREYER est un acteur reconnu de la région lyonnaise, dans laquelle nous sommes implantés. Il opère dans un secteur du froid que nous connaissons particulièrement bien et qui s’inscrit dans les enjeux de souveraineté alimentaire. Leur activité de construction modulaire quant à elle, est fortement tournée vers l’économie circulaire, ce qui lui ouvre d’importantes perspectives de développement.
Nathanaël Blanc
Directeur associé de Largillière Finance
Contact presse
Margie
Aliénor Miens - 06 64 32 81 75 - alienor.miens@margie.fr
Largillière Finance, the independent M&A advisor for growth companies
As an independent specialist in mid-cap transactions, Largillière Finance advises executives and shareholders on their capital transactions, including disposals, acquisitions, LBOs, financing solutions (equity and/or debt), financial engineering (valuation, etc.) and financial strategy advisory.
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