France, Mantes-la-Ville and Paris – March 22nd, 2018 – The growth-oriented private equity funds managed by Argos Wityu have announced the acquisition of the majority of shares of Henri Selmer Paris, a family-owned company founded in 1885, world leader in the manufacture of high-end saxophones, and major player in clarinets and mouthpieces.
Argos Wityu had announced in January 2018 they had entered into exclusive negotiations with the shareholders of Henri Selmer Paris. Following completion of the transaction in mid-March 2018, Argos Wityu has become the majority shareholder alongside some family members, and the management team. Jérôme Selmer, Chief Executive Officer of Henri Selmer Paris, will lead this new phase of development.
Argos Wityu has carried out the investment without raising debt. Henri Selmer Paris thus keeps all its flexibility to invest in new projects and continue to serve the finest international instrumentalists, as well as enthusiastic amateurs.
Sustain and develop the company
This transaction has been initiated and supported by the 55 shareholders representing the 4th and 5th generation of the Selmer family, all of them descendants of Henri Selmer, the company’s founder. They have selected Argos Wityu for its ability to help Henri Selmer Paris to keep growing and transforming and to be a shareholder committed to developing the production of outstanding instruments, also capable of financing new development projects.
A unique manufacturing know-how and a very strong international footprint
In its 11.000 square meter facility in Mantes-la-Ville in the Paris area, Henri Selmer Paris manufactures high-end saxophones, clarinets and mouthpieces which require highly skilled labour with more than 100 manufacturing specialities.
This traditional and unique handicraft know-how, coupled with the capacity to innovate and the use of cutting-edge technologies (with several million USD invested in R&D every year) are the backbone of the world-class reputation of Selmer instruments, whose sound is recognized by experienced musicians.
Henri Selmer Paris employs 500 people and had USD 40 million of revenue in 2017.
Henri Selmer is present in more than 60 countries, with only 13% of sales in its home country; it sells to a variety of distributors and merchants directly in touch with musicians.