Exclusive negotiation for the acquisition of Buffet Crampon
Paris, 24th February, 2012 – Fondations Capital enters exclusive negotiations with the funds advised by Argos Wityu for the acquisition, alongside its management team, of the Buffet Group.
The Buffet Group was acquired by way of a spin-off in June 2005 by the funds advised by Argos Wityu and the management team. Since then the Group has enjoyed strong growth with turnover rising from €44m in 2005 to €67m in 2011 and headcount which grew from 280 to 560 people.
The terms of the envisaged transaction remain confidential.
About the BUFFET GROUP
Created in 1825 in Paris, Buffet Crampon is a leading musical instruments manufacturer and the world’s leading producer of professional clarinets.
Through its five brands, Buffet Crampon established in 1825, Antoine Courtois created in 1809, Besson founded in 1837, J Keilwerth and W Schreiber, the Group is present in the woodwind segment (clarinets, bass clarinets, oboes, bassoons, saxophones) and brass segment (tubas, euphoniums, saxhorns, trumpets, cornets, tenor horns, bugles, trombones).
Benefitting from a global distribution network and subsidiaries in the United States, Japan, Germany and China, export sales account for 93% of the Group’s revenues.
The Group carried out several acquisitions in recent years: Besson in 2006, Antoine Courtois in 2007, the Leblanc clarinet plant in 2008 and Schreiber in 2010.
Contacts Buffet Group:
Antoine Beaussant – CEO Buffet Group
Press : Isabelle Azra – Phone: +33 1 30 98 51 33 – email@example.com
About ARGOS WITYU
Argos Wityu is an independent European private equity group with offices in Paris, Milan and Geneva.
Since its creation in 1989, Argos Wityu has carried out more than 50 transactions focusing on management buy-outs and buy-ins in small and medium companies.
Argos Sodtic typically takes majority stakes ranging from €5m to €50m in companies with revenues of €20m to €400m.
With €700m under management, the firm has developed a track record of unusual, complex and off-market transactions where the firm’s combination of local presence and international experience is able to add value to the small and medium sized businesses it invests in.
Argos Wityu contacts: Louis Godron, Jérémie Falzone
Press contact: Céline Lanoux – Phone: +33 1 53 67 20 50 – firstname.lastname@example.org
About FONDATIONS CAPITAL
Fondations Capital is an independent private equity firm which invests in mid-size French companies. Acting as a responsible investor, Fondations Capital is dedicated to responsibly achieve value creation, through leveraging on the strengths and know-how of its portfolio companies. With c. €300m under management, Fondations Capital benefits from the strong support of leading financial institutions. Fondations Capital is currently the controlling shareholder of Courtepaille (€283m revenues, 3,700 employees), the second largest player in the French seated casual dining market, and Alkern (€146m revenues, 690 employees), the largest independent producer of concrete products in the French and Belgian markets. Fondations Capital has recently entered into exclusive negotiations to acquire Sepur (€150m revenues, 2,000 employees), a leading independent player in environment services and waste collection.
Press contact: A+ Conseils – Christelle Alamichel – 3 rue François 1er – 75008 Paris
Phone: +33 1 47 27 00 14 – Mob: +33 6 31 09 03 83 – email@example.com
Contacts: Xavier Marin, Philippe Renauld, Charles-Henri Chaliac
Phone: +33 1 55 35 55 00