Cerea Dette II invests in Omni-Pac Group senior acquisition financing, the first « Green LBO » on the French market
Founded in 1977 in Brittany, France, Omni-Pac Group (previously Cellulose de la Loire « CDL »), is a leading European producer of moulded fibre packaging and responsible solutions, targeting mainly the poultry (the Group’s historical activity), fruits and vegetables and medical markets, as well as new applications.
CDL achieved strong growth in the past few years, completing in the process two major build-ups bearing attractive commercial and industrial synergy potential: Germany-based Omni-Pac, acquired in 2016, and UK-based Moulded Fibre Products, acquired in 2020. These two acquisitions have made CDL a pan-European player, which has since been rebranded as Omni-Pac Group.
Omni-Pac Group is one of the three market leaders in Europe, featuring a broad range of products (poultry, fruits and vegetables, medical and other applications) and three highly complementary production sites each located in the group’s key geographies. This strong market position, as well as the group’s potential for further development, its attractive market dynamics (driven notably by the acceleration of plastic substitution) and its highly experienced management team, have all contributed to making Omni-Pac Group a highy valuable asset, attracting strong interest from sponsors and lenders.
Benefiting from a very good understanding of the group and a longstanding relationship with its management, having supported it since 2007 as mezzanine lender (1) , Cerea Partners secured a favourable position in the transaction with Cerea Dette II acting as the main debt fund in the senior financing structure.
This senior financing, set up as part of the group’s acquisition by Latour Capital and the management team, is the first "green LBO" on the French market. With products made from recycled waste (paper and cardboard), Omni-Pac Group operates on a circular economic model, thereby contributing directly to environmental preservation, in line with the definition of European Union's Sustainable Taxonomy.
(1) Cerea Mezzanine I and II arranged the mezzanine financings for both previous LBO transactions (2007 and 2014)
On July 12, 2022, Cerea Partners arranged the unitranche financing for the acquisition of Nutrimuscle group by the fund Bluegem, its co-investors and the management.Founded in 1993, the Nutrimuscle group produces and distributes food supplements for sports nutrition and well-being, with a sales model that is almost exclusively direct to consumers through its own website.French pioneer of Direct-to-Consumer sports nutrition, the group has developed a complete range of sports nutrition products (proteins, amino acids, energy bars), health and [...]
On 23 November 2021, Cerea
completed the acquisition of Chocmod, the world’s leading producer of chocolate
truffles. Ghislain Lesaffre and Antoine Fortin, former majority shareholders,
are reinvesting and supporting the handover of the managerial reins to Emmanuel
Bois.Founded in 1948 in Roncq near Lille (France), Chocmod was
taken over by Ghislain Lesaffre and Antoine Fortin in 2008. It has enjoyed very
strong international growth since then, which notably led to the setting up of a production unit in 2011 in Saint Jean [...]
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8, 2021, Cerea Dette II invested in the senior acquisition financing of Babcock
Wanson, on the occasion of the group's takeover by Kartesia from FCDE.
Founded in 1896, Babcock Wanson ("BW") is a European
leader specializing in industrial heating equipment and solutions, designed
in particular for the food & beverage sector which accounts for 40%
of the group’s turnover.
The group benefits from a unique European positioning
thanks to (i) the design and manufacture of a complete range of boilers
and burners designed for [...]
Founded in 1977 in Brittany, France, Omni-Pac Group (previously Cellulose de la Loire « CDL »), is a leading European producer of moulded fibre packaging and responsible solutions, targeting mainly the poultry (the Group’s historical activity), fruits and vegetables and medical markets, as well as new applications.CDL achieved strong growth in the past few years, completing in the process two major build-ups bearing attractive commercial and industrial synergy potential: Germany-based Omni-Pac, acquired in 2016, and UK-based Moulded Fibre [...]
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commitment to the health / functional food segment.On 18th December 2020, the Cerea Mezzanine III fund arranged
a mezzanine debt to finance the acquisition of Plantex Group by Mérieux
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On 25th June 2020, Cerea Partners,
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reinvested significantly, while Bpifrance acquired a minority stake in the
Based in France, Axium
mainly designs and manufactures plastic packaging solutions for the food,
healthcare and beauty sectors. The group's products are divided between flasks,
plugs, and [...]
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Ains, the group's CEO, who succeeded Philippe Olichon in 2016, the group [...]
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investments in the Spanish territory, in line with its international expansion.
two investments also form the 9th and 10th private debt investments
of Cerea Partners since the beginning of the year.
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Founded in [...]
The transaction was finalised on 30th September
Krampouz specialises in designing, manufacturing and
marketing high-end ready to use catering appliances.
Major specialist for professional crepe makers and
waffle makers, the company is also a well-known player in the outdoor catering equipment
sector (stainless steel plancha, etc.)
Products are marketed to catering professionals at 55%
gross revenue, the private and public sector at 45%, in France at 69% and export
Deeply rooted in Brittany, [...]