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LGT Private Debt together with Capza arranges a unitranche facility to support the acquisition of Groupe Blanchon, led by IK Investment Partners

October 6, 2021

LGT Private Debt is pleased to announce that entities it advises acted as co-arrangers and co-underwriters of a unitranche financing, alongside Capza’s entities supporting the acquisition of Groupe Blanchon (the “Company” or “Blanchon”) led by IK Investment Partners (“IK”) alongside Abénex, who are reinvesting.

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Founded in 1832 and headquartered in Saint-Priest near Lyon, the Group operates through highly recognized brands; Blanchon, Ciranova and Carver, dedicated to professionals, along with the Syntilor brand distributed in DIY retail networks. The group leverages an innovative research and development process to develop an extensive portfolio of technical varnishes and innovative paints across its six production sites. The Group also develops, produces and commercializes varnishes for wooden and vinyl floors that are commercialized and sold to leading flooring manufacturers through Ciranova Industrial Finishes and Blanchon Industry brands. 

“LGT Private Debt is pleased to support IK and Abénex as well as Blanchon’s management team in their next development phase. We are particularly attracted by the positioning of the Company in its market, which has proven resilient while offering acquisition opportunities, and its innovation capabilities, state-of-the-art manufacturing set-up and client centric approach, which enabled Blanchon to developed longstanding client relationships. We were also very much impressed by Guillaume Clement, the CEO of Blanchon, and the whole management team’s know-how and expertise." stated Guillaume Claire, Managing Director at LGT Private Debt (France) SAS. "We have successfully partnered with IK on previous transactions and value their hands-on investment strategy as well as their experience in the industry.”

 “LGT Private Debt has demonstrated its ability to react swiftly in understanding the strong potential of the Company and in providing a flexible and tailor-made financing solution” said Arnaud Bosc , Partner at IK and Advisor to the IK Small Cap III Fund. “We are pleased to team up with LGT Private Debt and Capza as we believe they will be valuable financing partners to support the Company and its future development”.