Céréa Partenaire completes a year of record investment in Private Debt
€M 217 invested to finance the development of 15 companies over the last 12 months
Céréa Partenaire, the investor-partner of French and European Agrobusiness companies, invested €M 217 in private debt to finance the development of 15 companies over the last 12 months. This is a record level of activity for the Private Debt team which acted as arranger or co-arranger on most of the transactions.
The dynamic deployment follows the fundraising of Céréa Partenaire's two latest Private Debt vehicles, currently being invested:
Céréa Mezzanine III, raised at the end of 2016 with an investment capacity of €M 200, finances and accompanies development projects, buyouts or shareholder restructurings through mezzanine and unitranche debt, with tickets ranging from €M 2 to €M 40 (and up to €M 80 in unitranche, jointly between the two funds).
Céréa Dette II, raised in April 2018 with €M 321 in commitments, finances buyouts, growth investments and business funding. It provides senior debt through private placement, senior loans, and unitranche, underwriting tickets ranging from €M 10 to €M 40.
Michel Chabanel, CEO of Céréa Partenaire, declared:"Active in mezzanine since our creation in 2004, private debt is at the heart of our DNA. Since then we have strengthened our position by expanding our offer and are able to cover almost all the financing needs of small and medium sized Agrobusiness companies from senior debt to junior PIK. With a reinforced team of 10 investment professionals, we will continue our international development in the spirit of transactions already completed in Italy, Spain, Germany or Benelux."
Fabrice Vidal, Executive Managing Director of Céréa Partenaire - Private Debt, declared:"We have a wide range of private debt solutions to support the growth projects of Agrobusiness companies. Over the past 12 months, we have invested through PIK financing (Mademoiselle Dessert and Burger King), unitranche (BCF and Organic Alliance), corporate private placements (Bertrand Restauration and Sleever) as well as senior loans (Buffalo Grill, Europe Snacks and Parts 24)."
The family business founded in 1947 and led by Pierre Ickowicz, grandson of its founder, opens its capital to Céréa Capital II
Based in Bollène (Vaucluse, France), Icko Apiculture is a family business specialized in the design, sourcing, manufacturing and marketing of beekeeping supplies and equipment for BtoB (resellers, professional beekeepers, gardening stores) and BtoC (amateur beekeepers) clients.
Icko Apiculture's broad and diversified offer covers all the needs of a beekeeper: beeswax, nutrition products, beehives, tools and [...]
€M 217 invested to finance the development of 15 companies over the last 12 monthsCéréa Partenaire, the investor-partner of French and European Agrobusiness companies, invested €M 217 in private debt to finance the development of 15 companies over the last 12 months. This is a record level of activity for the Private Debt team which acted as arranger or co-arranger on most of the transactions.
The dynamic deployment follows the fundraising of Céréa Partenaire's two latest Private Debt vehicles, currently being invested:Céréa [...]
Antwerp (BE) / Louhans and Paris (FR), 30 October 2018 - Created in 1994 in Louhans (Saône-et-Loire) by Michel Vanhove, La Comtoise develops and supplies tailor-made cheese solutions to industrial food processing groups, which are integrated into prepared foods such as breaded escalopes (cordons bleus), grilled ham and cheese sandwiches (croque-monsieur), sandwiches and hamburgers. Backed by Cerea Capital II and Unigrains since 2015, La Comtoise has achieved impressive growth to reach a turnover of EUR 33 million with a headcount of 37 [...]
Céréa Capital II, alongside the management and Unexo, has acquired, from Linxis Group, owned by the IK VIII Fund advised by IK Investment Partners, the three companies of its cheese and dairy division: Chalon-Mégard, Tecnal et Simon Frères.
Linxis Group, formerly Bretèche Industrie, is a supplier of equipment for the agri-food, pharma and cosmetics industries. It has ceded the three companies of its dairy division to focus on its equipment activities for bakery and beauty/health sectors.
The dairy division, renamed Synext Group, is the [...]
Fund reaches target size in less than 7 months Céréa Partenaire raises more than 1 billion euros in 3 years Céréa Partenaire, the investor-partner of Agrobusiness companies, held the first closing of Céréa Dette II. With more than €M 300 in commitments, the Fund surpasses its predecessor and reached its target size at the first closing in under 7 months of fundraising. The hard cap is maintained at €M 350 in order to respect the Fund's positioning and a final closing is expected shortly.
Subscribers are all institutional investors [...]
Céréa Capital II, managed by Céréa Partenaire, alongside the company's management and supported by Capzanine and Céréa Mezzanine, has acquired, from PM&Partners, Monviso, an Italian manufacturer of crackers, bread substitutes and sweet and savory biscuits.
With 130 employees and 4 facilities in northern Italy, Monviso had sales of approximately €M 36 in 2017, more than one third of which from exports. It is composed of two branches, Monviso (biscotto salute, bruschetta line, breadsticks, crackers and recently cookies under its own [...]