Alantra advised the shareholders of Montaner Pietrini Boissons on the sale of a minority stake to CM-CIC Investissement

Mar 2018

Sell-side advisory & Debt financing

Alantra has advised the Montaner-Pietrini Boissons Group in a minority opening of its capital to CM – CIC Investissement. This transaction will strengthen the resources of the group within a proactive acquisition strategy.

CM-CIC Investissement and the banking pool’s contributions are carried out in the form of capital increase and banking debt up to €57m. The banking pool is directed by two entities of the BPCE Group, Caisse d’Epargne CEPAC and Banque Populaire Méditerranée. BNP Paribas, Arkéa, Caisse d’Epargne Côte d’Azur and CIC are also involved.

Since its creation in 2008, the Montaner-Pietrini Boissons Group has significantly expanded through organic growth and acquisitions (21 transactions performed) and has become in 10 years the undisputed independent leader of the French beverage distribution in the CHR (cafes, hotels and restaurants) segment with an expected turnover of more than €170m for 2018.

Jean-Pascal Montaner and Éric Pietrini, founders and managers of the Group, commented: “This transaction is a major step in the history of the Group and confirms the attractiveness of our business model to investors, which is based on a subtle balance between organic and external growths conducted thanks to the great qualities of the women and men who join us every day. We are glad to have found in our new partner, CM-CIC Investissement, a strong sensitivity to the originality of our approach, which offers development perspectives for the future of our group”.

Nam Metzger, CM-CIC Investissement, commented: “The Montaner-Pietrini Boissons Group’s track record is exemplary. Founded from scratch in 2008, this group, a real consolidation platform, perfectly illustrates the strong value creation strategy that we set up in carefully selected business sectors, including the services and distribution industries. We are pleased to have the opportunity to support the Montaner-Pietrini Boissons Group and its managers in their development plan”.

Johannes Lock, Acquisitions Financing Manager for Caisse d’Epargne CEPAC, concluded: “We are happy – due to the joint action of the BPCE Group’s banks – to have allow the Montaner-Pietrini Boissons Group to finance this structuring operation for its future development. The Group, very active on the PACA Region, acts as a Alantra in the development and the animation of the CHR sectors”. Alantra acted as M&A and debt advisor in this operation.