Alliance Entreprendre, Siparex and Galia Gestion support the Ouvêo Group in a new transaction

Alliance Entreprendre, a longstanding financial partner of the Ouvêo Group—a leading manufacturer of window and roller shutters for renovation professionals—is renewing its association with the Group’s management and organizing a new round of fundraising alongside Siparex and Galia Gestion.
Created in March 2007 from the merger of Guigneux, a manufacturer of PVC/wood windows located in Brittany, and Plastiferm, a producer of PVC/aluminum windows headquartered in Aquitaine, the Ouvêo Group is one of the leaders in the windows market for western France.

The Group designs, produces and markets a complete range of custom-made windows in PVC, wood and aluminum for the renovation sector with a broad clientele comprised of independent installers.

In 2014, Ouvêo completed a structuring growth operation with the acquisition of Provelis, a manufacturer/assembler of roller shutters and garage doors located in Saint-Etienne. This operation has enabled the Group leverage strong synergies, both from a commercial point of view thanks to a customer base mainly located in the Rhône-Alpes region, but also in terms of the complementarity of product offerings.

The management of the Ouvêo Group—which has successfully capitalized on synergies between the various companies and increased the Group’s revenue to more than €50 million for 2018—is now ready to pursue development through organic and external growth by expanding its territorial network and expanding the company’s product range.
After supporting the Ouvêo Group for 7 years, Ardian and Bpifrance are ceding their entire stake to a pool of financial investors led by Alliance Entreprendre in association with Siparex and Galia Gestion.

About Alliance Entreprendre
Founded in 1995, Alliance Entreprendre is a long-standing private equity player, with 430 million euros under management/advisory as at June 30, 2018 on behalf of institutional and private investors. Alliance Entreprendre supports SMEs and SMBs by investing at all stages of development, through minority or majority equity investments. Since its creation, Alliance Entreprendre has made more than 220 investments throughout France and in all sectors of the economy.

www.allianceentreprendre.com

About Siparex
The Siparex Group, created 40 years ago, is the independent French specialist for private equity investments in SMEs and ETIs. The Group has €2 billion of assets under management, divided between its business lines: MSB, Midcap, Mezzanine, Small Caps and Innovation, under the XAnge brand (Start-ups – Digital, Deeptech and Impact sectors). Siparex covers the entirety of France from offices in Paris, Lyon, Nantes, Besançon, Lille, Strasbourg, Dijon and Toulouse and is also present in Milan and Munich.

www.siparex.com

About Galia Gestion
Galia Gestion, a fund management company headquartered in Bordeaux and operating mainly in south-western France, supports regional companies to finance their development or buyout projects, providing funding ranging from €0.3 million to €4 million per transaction. Its portfolio consists of some 50 investments across a wide range of sectors such as software, med-tech, electronics, distribution, agri-food and personal care.

www.galia-gestion.com

PARTICIPANTS:
Buy side
Investors Management: ALLIANCE ENTREPRENDRE (Laurent Colléatte, Camille Chosseler, Vincent Lesieur), SIPAREX (Pierre Bordeaux-Montrieux, Etienne Arlet), GALIA GESTION (Vincent Schifano, Christophe Douffet)
Investors Counsel: GIBSON DUNN (Judith Raoul-Bardy, Julie Cazalet, Claire Aristide)
Management Counsel: LEXCO (Nicolas Joucla)
Management Consulting: FINANCIAL MONCEAU (Jacques-Henri Rieme)
Legal/social/tax due diligence: GIBSON DUNN (Judith Raoul-Bardy, Claire Aristide), CAPSTAN (Guillaume Bordier, Basile Moore, Camille Sparfel), BRUNSWICK Financial due diligence: ERNST & YOUNG (Hugo Primas, Benjamin Piquet, Nicolas Frotier de Bagneux)

Sell side
Ardian (Caroline Pihan, Maxime Séquier), BPI FRANCE (Jacques Solleau, Alexis Mahieu)
M&A Consulting: UBS (Jérôme Pin, Philippe Cornu-Thenard, Cérine Mhedhebi)
Legal Counsel: DE PARDIEU BROCAS MAFFEI (Jean-François Pourdieu, Sandra Benhaim)
Financial VDD: EIGHT ADVISORY (Bertrand Perrette, Cédric Bolteau)
Strategic VDD: ADVENTION

Loan
GRAND OUEST SYNDICATION (Co-arranger – Isabelle Breteau, Pierre-Etienne Petoin)
HELIA CONSEIL (Co-arranger – Jean-François Divet)

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