Advention acts as strategic advisor on deal involving Amundi Private Equity Funds; Societe Generale Capital Partenaires SAS
The management of Briconord Sarl, the France-based manufacturer of wooden, aluminium and plastic construction products, alongwith Amundi Private Equity Funds and Societe Generale Capital Partenaires SAS (SGCP), the France-based private equity firms, have acquired the company is a management buyout transaction from Evolem SA, the France-based private equity firm, and Mr. Patrick Simonet, the France-based private individual having interest in manufacturers of wooden, aluminium and plastic construction products, for an undisclosed consideration.
Mr. Patrick Simonet, the director of Briconord, will step down but reinvested alongside Amundi and SGCP and will remain a shareholder of the company. Mr. Christian Guillou, President of Briconord, will become the new CEO of the company. Earlier in 2012, Evolem acquired Briconord from Nordlinger framily for an undisclosed consideration.
Credit Agricole SA press release, 4 January 2016 (French)
Aelios Finance press release, 16 December 2015 (French)
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