NEWS
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26/07/2019
Cerea Partners to be acquired by its Management team
Unigrains gives priority to the project of Cerea Partners"s Management Team
Paris, July 26th, 2019 - Unigrains, the agri-food and agro-industry specialized investor, has signed an agreement with the Management of Cerea Partners, associated with institutional investors, for the sale of its third-party management subsidiary.
The agreement covers 100% of Cerea Partners shares and its three activities: Buyout, Mezzanine, and Senior Debt.
In the context of this project, the Cerea Partners Management Team would become the majority shareholder of the company, alongside French institutional investors, who are longstanding investors in its Funds. The new capital structure would enable Cerea Partners to:
consolidate its position as a third-party management company, which already operates independently from Unigrains
maintain the alignment of interests between the management company and its investors
accelerate its growth though raising new generations of Funds, increasing its assets under management and international development
Unigrains would also support the acquirers' project, be it by investing in successor Funds or in co-investment opportunities.
This transaction would provide Unigrains with a greater liberty of action in its development as a long term, international, high added-value investor, supporting companies in line with the financial and economic patrimonial objectives of its grain-farmer shareholders.
Cerea Partners was created by Unigrains in 2004 to intervene in buyout transactions. Since then, it has achieved uncontestable success, raising €bn 1.4, 80% of which from institutional investors and 20% from Unigrains. It has completed more than 120 investments over the past 14 years, accompanying the growth of its partner companies, and, in turn, ensuring strong financial performances for investors.
The transaction is expected to be completed in Q4 2019 and remains subject to different authorizations, notably approval of the French Financial Markets Authority (AMF).
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