NEWS
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25/10/2017
Cerea Partners acquires Store Novation, the french leader in point- of-sale advertising solutions for the Food Industry, alongside its management
Cerea Capital II has acquired, from Azulis Capital, Store Novation (with its two main subsidiaries Sitour and Caractères), a French leader in point-of-sale advertising solutions (signage, price labeling, merchandising, and in-store theater material), mainly for large-scale food retailers.
With sales of nearly €M 40 and roughly 150 employees, Store Novation offers a wide range of over 3 500 products to more than 7 500 clients (distributers and advertisers). Specialized to accompany large food business brands and their distributors, the group is active in France and exports to more than 50 countries.
Store Novation has seen strong organic growth since the management was strengthened in 2013 with the arrival of Eve Stockel as Managing Director. Having successfully and strategically repositioned the group these past 4 years, she is appointed CEO and will lead a new phase in its development around the following axes:- increasing market share in a growing underlying market, notably with large-scale retailers, specialized distribution channels and food companies;
- completing build-up acquisitions for complementary business activities or to extend geographical presence;
- international development through the creation or acquisition of subsidiaries and distribution networks abroad (UK, Hungary, Italy, China, etc...)
Antoine Peyronnet, Managing Director with Cerea Partners, declared: "Store Novation is a French leader in a market showing strong growth perspectives and benefits from a diversified client portfolio and experienced management team. The group is an ideal platform to consolidate a still very fragmented European point-of-sale advertising market."
Eve Stockel, CEO of Store Novation, added: "We are delighted to begin this partnership with Cerea Partners, which will enable us to consolidate our "core market" positions as well as to seize opportunities for external growth and internationalization."
Yann Collignon, Partner with Azulis Capital, concluded: "We are proud to have supported the development and strategic repositioning of Store Novation since 2011. Today the group is ideally positioned to continue its growth trajectory."
- increasing market share in a growing underlying market, notably with large-scale retailers, specialized distribution channels and food companies;
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