Management now Majority Shareholders at Safic-Alcan
European specialty chemicals distributor Safic-Alcan (Puteaux (Paris), France) yesterday announced that the management team, together with the private equity funds Sagard and Euromezzanine, has just concluded the acquisition of the company from Parquest Capital. Through this transaction, Safic-Alcan’s management is now majority shareholder in the company.
Parquest Capital had taken a majority share in the company at the end of 2007 in a LBO carried out alongside the management team. Since then, Safic-Alcan experienced “significant growth, exceeding the objectives of its initial project”. Revenues grew from EUR 250 mn to almost 400 mn, both through internal growth and add-on acquistions.
Société Générale Capital Partners (SGCP) also joined the ranks of Safic-Alcan’s capital partners, the company said in a statement.
According to Martial Lecat, CEO of Safic-Alcan, the new financial partners will enable Safic-Alcan “to continue to develop the group with serenity, through external growth, as well as through internal growth.”
Source: Safic-Alcan Press release
HGE – DCG / 22.01.2015