LGT arranges acquisition of Groupe Blanchon
6 October 2021
LGT Private Debt has worked together with the Parisian private investment platform Capza on a unitranche facility for the acquisition of Groupe Blanchon. IK Investment Partners will be the majority shareholder.
LGT Private Debt has announced that entities it advises have arranged to acquire the French Groupe Blanchon by means of a unitranche financing. LGT Private Debt has provided the unitranche facility together with the private investment platform Capza from Paris. IK Investment Partners will be the majority shareholder alongside investor Abénex, which is reinvesting in Blanchon.
Founded in 1832, Groupe Blanchon with headquarters in Saint-Priest near Lyon develops an extensive portfolio of technical varnishes and innovative paints across its six production sites, as was outlined in a press release from LGT Capital Partners. The Group also develops, produces and commercializes varnishes for wooden and vinyl floors.
LGT Private Debt is “particularly attracted by the positioning of the Company in its market, which has proven resilient while offering acquisition opportunities,” commented Guillaume Claire, Managing Director at LGT Private Debt (France) SAS. They were also very much impressed by Guillaume Clement, the CEO of Blanchon, and the whole management team’s know-how and expertise.
Arnaud Bosc, Partner at IK and Advisor to the IK Small Cap III Fund, praises the ability of LGT Private Debt “to react swiftly in understanding the strong potential of the Company and in providing a flexible and tailor-made financing solution”.