Omnes Croissance 4 finalises its fourth investment in less than a year supporting the buyout of Dispam
Omnes Capital has invested €11.5 million in Dispam, one of France’s market leaders in temperature-controlled transportation, on the occasion of a primary owner buy out (OBO) alongside current Chairman Pascal Masse.
Dispam was founded in 1971 and is based in Le Pontet in the Vaucluse region of France, offering its clients a comprehensive range of high value-added solutions structured around two main areas of expertise :
- temperature-controlled (positive cold) transportation of fresh produce and general cargo;
- and complementary logistics services (management of logistics flows within the framework of integrated solutions: storage, warehousing, consolidation/deconsolidation, order preparation).
The group’s main clients are food manufacturers (60%) and supermarkets and hypermarkets (30%). Dispam manages four logistics platforms (in Normandy, Paris, Nord and Provence-Alpes-Côte d’Azur) and handles 350,000 tonnes of merchandise each year. It has 680 employees and generated sales of €64 million in 2014.
The aim of the buyout is to enable Dispam’s family shareholders to withdraw from the company and to continue with its geographical expansion in France, which is already in progress with the opening of a platform in Arras.
Pascal Masse, Chairman of Dispam, comments : “I am pleased to be able to take over Dispam with the support of Omnes. This buyout falls within the framework of a controlled growth plan and will give the company new momentum. I have great confidence in our operational ability to succeed in this mission while also protecting our values, with commitment, responsiveness and technological innovation and a results-oriented approach being our watchwords. “
Bertrand Tissot, Partner at Omnes Capital, adds : “Dispam benefits from an excellent reputation in its market, particularly with regard to essential technical criteria such as flexibility, respecting deadlines and cold chain management. The company has achieved steady and solid growth over the last five years. Our aim is to help this impressive multi-regional SME to conquer new regions.”
Benjamin Arm, Managing Director at Omnes Capital, states : “This buyout is the fourth primary investment for the Omnes Croissance 4 fund, which in 2015 has already invested in Cogepart (express shipping service), Bimedia (software solutions for local retailers) and Capcom (installation of fibre optic and cable networks). This new investment fits in with our strategy of rigorous selection of companies with strong potential, primary market transactions, value creation driven by organic growth and an active acquisitions policy. This positioning has proven its worth, as demonstrated by the sale of Exclusive Networks in May 2015 with a multiple of 5x.”
Bertrand Tissot, Partner, Midcap Buyout & Growth Capital
Rémy Deloffre, Associate, Midcap Buyout & Growth Capital
LCL (Bertrand Carassus, Nicolas Hermann)
Caisse Epargne (Philippe Rocher, Christophe Peaster)
Omnes Capital advisors
Legal structuring : Paul Hastings (Corporate: Olivier Deren, Charlotte Dupont / Tax: Allard de Waal, Thomas Pulcini / Competition: Pierre Kirch)
Financial advisor : Accuracy (Nicolas Barsalou, Pierre-Olivier Mintrone)
Strategic advisor : LEK (Serge Hovsepian, David Danon-Boileau)
ESG advisor : ExFi Partners (Emmanuel Parmentier)
Sellers and management advisors
Seller’s financial advisor : UBS (Jérôme Pin, Renaud Tochon, Julien Donarier)
Seller’s legal advisor : SVA (Christophe Febvre)
Company financing advisor : Paul Hastings (Mounir Letayf, Camille Bakouch)
About Omnes Capital
Omnes Capital is a major player in private equity and infrastructure. 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, Private Debt, Venture Capital, Renewable Energy, 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 United Nations Principles for Responsible Investment (PRI). Further information: www.omnescapital.com
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