Allert & Co. advises shareholders on sale of
French Florepi SAS
Next phase of corporate development initiated
Abel+Schäfer Group sells shares in French Florepi SAS
With effect of 12.05.2023, the Abel+Schäfer Group is selling all its shares in the French company Florepi SAS, a medium-sized manufacturer of delicatessen bakery products. With approx. 150 employees, a turnover of approx. € 27 million is generated in Guignicourt/Reims, France.
With the sale to the Navigator Group, the handover of the baton for the further development of the company has thus been successfully completed. Navigator, based in Düsseldorf, is a medium-sized private equity company. Typical investment occasions are e.g. succession arrangements and carve-outs. The Navigator Group invests in the form of majority stakes in small and medium-sized European industrial companies. The geographical focus is on Western and Central Europe.
Tilman Schäfer and Moritz Müller, Managing Directors of the Abel+Schäfer Group agree: "As a manufacturer of pâtisserie specialties in the frozen segment, FLOREPI enjoys an excellent reputation in France. The high-quality products, the long-standing attractive customer base and the efficient production at an advantageous location provide a very good basis for the further development of the company by the Navigator Group."
Allert & Co. initiated the transaction on behalf of the Abel+Schäfer Group and advised the sellers on the transaction together with W+ST Wirtschaftsprüfung AG & Co. KG, Dillingen Saar and the German-French law firm EPP Rechtsanwälte.