EURAZEO : PME acquires Groupe Cap Vert Finance (pdf 189.09 kB)

Paris, 28 june 2013 - The investment firm Eurazeo PME, a subsidiary of Eurazeo specialising in medium-sized companies, announces the acquisition of Groupe Cap Vert Finance (CVF), a European leader in product life-cycle management of electronics infrastructures, on the basis of an enterprise value of almost €70 million. Eurazeo PME will hold 57% of the share capital alongside current management, including Bruno Demolin, Chairman of the Management Board. Loïc Villers, the founder, will retain 8% of the share capital and will remain Chairman of the Supervisory Board. In becoming an equity partner of CVF, Eurazeo PME intends to support and accelerate the group's growth and international expansion organically or through acquisitions. The deal is scheduled to close on Tuesday, 2 July.

Groupe Cap Vert Finance, whose main subsidiaries are IB Remarketing and AS Lease, is a French group specialising in maintenance, repair and operations (MRO) of fleets of servers, critical IT storage and networking equipment for major corporate clients. CVF is also involved in recycling, trading and leasing activities, in perfect synergy with its MRO business. CVF thus stands out in its business approach and in taking environmental issues into account in its services, providing full traceability of electronics equipment, from first use to the end-of-life recycling imposed by European Waste Electrical and Electronic Equipment (WEEE) directives. Cap Vert Finance employs more than 150 people and generates one third of its revenues outside of France, in more than 85 countries, through 11 foreign subsidiaries. CVF's revenues have risen by 10% annually over the past five years and by more than 30% in its maintenance, repair and operations support business. In the financial year ended on 31 March 2013, it generated almost €60 million in consolidated revenues.
Olivier Millet, Chairman of the Eurazeo PME Management Board, stated: "We chose to become a partner of the Cap Vert Finance team for its unique technological know-how in a fast-growing niche business that offers vast prospects for development. We were also won over by the CSR positioning of CVF, which wants to become a benchmark sustainable development business, particularly through its electronic and electronics recycling activities, in which it is a European leader. The deal is fully along the lines of our selective acquisition policy of partnering with solid French SMEs that are aware of the CSR challenges involved in their international development."

Loïc Villers, the founder of CVF, commented, "We chose Eurazeo PME as a reference shareholder for its experience in assisting French SMEs internationally and for its ability to reinvest throughout a project's life. We are fully confident that Eurazeo PME will be able to bring our team, led by Bruno Demolin, the financial and human resources it needs to consolidate our market and pursue both our international expansion and our external growth strategy."

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Eurazeo PME is an investment firm and subsidiary of Eurazeo dedicated to majority investments in French SMEs with
an enterprise value of less than €200 million.
Eurazeo PME acts as a long-term shareholder, providing its portfolio companies with all the financial, human and organisational resources they need for a durable transformation. With an investment horizon generally ranging from 5 to 10 years, it guides its portfolio companies in creating sustained and, hence, responsible growth. This commitment is formalised and deployed through a CSR (Corporate Social Responsibility) policy.
Eurazeo PME is a shareholder in seven soundly positioned companies, strengthened with experienced management teams: Dessange International, Léon de Bruxelles, Idéal Résidences, The Flexitallic Group, Gault&Frémont, IMV Technologies and Fondis Bioritech.

Cap Vert Finance, a French company specialising in product life-cycle management of electronics infrastructures through a full range of services, from adjustable leases of new equipment to maintenance, repair and operations support, to remarketing (the recycling of equipment and components when contracts expire). Its 150 employees, of whom more than 75% are engineers, are on call 24 hours a day, seven days a week for all client facilities, in order to guarantee seamless operations and high-quality functioning for users through an approach that includes environmental protection and sustainable development. CVF generates one third of its revenues internationally through 11 foreign subsidiaries. In the financial year ended March 2013 it generated almost €60 million in consolidated revenues.

To find out more, go to: www.eurazeo-pme.com

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