JEANTET ADVISES A BANKING POOL IN CONNECTION WITH THE FINANCING OF THE PURCHASE OF THE LABBE INDUSTRIAL GROUP BY THE CICLAD FUND
June, 2023 - Paris, France
Jeantet has assisted BRED Banque Populaire, Caisse Régionale de Crédit Agricole Mutuel Brie Picardie and Caisse d0Epargne et de Prévoyance Ile-de-France in (i) financing the purchase of shares in the three companies comprising the LABBE group, a family-owned group specializing in the design and manufacture of industrial equipment; and (ii) the partial financing of the purchase of the premises of one of the LABBE group’s subsidiaries by a holding company majority-controlled by the CICLAD investment fund (alongside the new CEO, Frédéric Dioré, the Labbe family (sellers), and the investors Brie Picardie Expansion and Caisse d’Epargne Ile de France Capital Investissement.
The transaction involved the purchase of (i) the shares of the H. LABBE group’s subsidiaries, namely Découpes et Ventes d’Aciers Inoxydables (DVAI), Marcel LABBE (M. LABBE) and EASYGONG, by a holding company majority-owned by the CICLAD fund; and (ii) the premises of DVAI by a real-estate subsidiary of the holding company.
The transaction as a whole was partly financed by an acquisition loan and a property loan granted by BRED Banque Populaire as coordinator, co-arranger and lender, Caisse Régionale de Crédit Agricole Mutuel Brie Picardie as agent, security agent, co-arranger and lender, and Caisse d’Epargne et de Prévoyance Ile-de-France as lender.
