Omnes Capital announces a final IRR of 15% for its CACI 2 midcap fund (2005 vintage).
Omnes Capital announces a final IRR of 15% for its CACI 2 midcap buyout and growth capital fund (2005 vintage). The fund has been fully divested after just 11 years, which is very short compared with the majority of the funds in the market, generating a multiple of 2x.
This performance ranks CACI 2 as one of the best French midcap buyout funds of its vintage. It attests to the relevance of its targeted strategy focusing on primary investments in growing SMEs areas across France. Despite the turbulent economic climate of the last 10 years, this strategy allowed it to build up a resilient portfolio generating returns for investors.
The fund has supported the growth of 15 French companies from the worlds of manufacturing, retail and services. In accordance with its investment policy which put a strong emphasis on growth, the fund has made 25 add-on acquisitions via its portfolio companies. Many of these have seen particularly robust growth and become leading names in their segments in France and/or internationally.
The most notable include :
Altrad, a family-owned company supported by Omnes between 2005 and 2010, has become a key player in civil engineering worldwide. The group currently generates sales of €1.8 billion and has 17,000 employees.
Proman, a family-owned company supported between 2007 and 2011, has established itself as France’s fifth-largest company in the temporary employment market.
Saverglass, supported by Omnes between 2005 and 2011, now part of Carlyle’s portfolio, manufactures glass bottles for the luxury goods and spirits industries and is a symbol of “French-style luxury”, with operations in 80 countries around the world.
Souriau, supported between 2005 and 2011, is the world’s leading manufacturer of connectors suitable for extreme environments. The group, currently a subsidiary of Esterline, is an essential supplier for the world’s largest aerospace and military programmes.
ECT, supported between 2007 and 2011, is currently French market leader in inert materials management.
Benjamin Arm, Managing Partner at Omnes Capital, states : “CACI 2 was the first fund to invest in most of these companies. Omnes has helped these SMEs, already benefiting from a solid market position, to take the next step in their development. In many cases family-owned and operating on a regional level, these companies have - with the support of Omnes - enlarged the scope of their activities in France and abroad, and become leading names in their respective segments.”
Eric Rey, Partner at Omnes Capital, adds : “We have worked with our business owners with a long-term view and providing constant investment. The aim was to help them through the financial crisis while also making winning strategic decisions to allow them to grow stronger and be ready for when the market rebounds. We are proud to see that they are now among the leading names in their sectors and to have contributed to these success stories.”
About Omnes Capital
Omnes Capital is a major player in private equity and infrastructure. With €3 billion in assets under management, Omnes Capital provides companies with the capital needed to finance their growth and with key expertise in a number of areas: Buyout & Growth Capital, Private Debt, Venture Capital, Infrastructure, Co-Investment, Secondary Funds of Funds. Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The firm is now owned by its employees.
Omnes Capital is a signatory to the Principles for Responsible Investment (PRI). Further information: www.omnescapital.com
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