Omnes Capital invests in Heidrich alongside buyer François Sabaté
Omnes Capital is investing in Heidrich as part of a management buy-in (MBI) alongside François Sabaté. Francis Heidrich, the founding manager and the owner of the company’s entire capital, is selling all of his shares. A veteran manager with experience of sales and marketing and of running an international subsidiary, François Sabaté is acquiring a majority shareholding in the company.
Omnes Capital’s Small Cap Buyout & Growth Capital team is making this its third investment of the year via the LCL Expansion 2 fund.
Headquartered in Sélestat (Bas-Rhin department) and led for the past 20 years by its founder Francis Heidrich, the company specialises in buying, selling and fitting external joinery (windows, doors, shutters, garage doors, etc.), which it sells directly to consumers in the Alsace region. It has positioned itself at the high end of the market and offers made-to-measure products. On average, it handles 1,500 projects p.a.
As a leading player in the Alsace regional market, the company has enjoyed steady and consistent growth in recent years despite inauspicious economic conditions. In 2013, it recorded sales of €11.2 million.
This buy-in opens a new chapter in the company’s development. Heidrich, which now boasts two retail outlets in Sélestat and Lutterbach, is soon set to broaden its catchment area to the entire Alsace region once it opens an additional showroom in the Strasbourg area.
François Sabaté, Chairman of Heidrich, commented: “I am delighted to have acquired Heidrich, a specialist with very high-calibre teams and an excellent reputation. Our goal is to continue pursuing the same strategy and to further the company’s expansion in Alsace.”
François Lory and Bertrand Dupray from Omnes Capital added: “François Sabaté was looking to buy a SME that has excellent fundamentals and provides a good fit with his experience. We are delighted to be supporting this entrepreneur with the acquisition and development of a strong performer.”
François Lory, Director, Small-Cap Buyout & Growth Capital
Bertrand Dupray, Associate, Small-Cap Buyout & Growth Capital
Legal counsel for the investors:
DKIS: Djamel Seoudi, Amélie Dupin de Saint Cyr
Investment adviser for the Manager
Wagram Conseil: Olivier Larrat
Legal counsel for the Manager:
Lealta: Olivier Toury, Anne-Marie Carvalho
Accounting and financial: ACA Nexia – Fabrice Huglin
Legal and tax: Lealta – Olivier Toury
Employment: Muel Avocats – Joseph Muel
LCL (arranger): Dirk Weinand, Xavier Bailen
Caisse d’Epargne et de Prévoyance d’Alsace: Daniel Thomen/Estelle Box
Banque Populaire d’Alsace: Mathieu Meyer/Thierry Kormann
About Omnes Capital (formerly Crédit Agricole Private Equity)
Omnes Capital is a major player in private equity, with a commitment to financing SMEs.
With €2.1 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, Venture Capital, Renewable Energy, Co-Investment, Secondary Funds of Funds. Omnes Capital, formerly Crédit Agricole Private Equity, was a subsidiary of Crédit Agricole until March 2012. The firm is now owned by its employees.
Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). Further information: www.omnescapital.com