The M&A advisory firm from Catalonia, specialized in cross-border mid-cap transactions, plans to strengthen its position in France by developing its office in Paris, among others.
Founded in 1989 by Frenchmen Jean-François Alandry and Pascal Vieilledent, Eurohold, a cross-border M&A and fundraising advisory firm familiar with Spanish and French-Spanish deals, is present in North and Central America, among others. Additionally to its office in Lyon, with Bernard Demode – managing partner France- and Fanny Peigner – partner -, the firm seeks to consolidate its position in France by developing its office in Paris, where Sonja Fell currently operates, but also in other countries to become an “undisputable player in cross-border mid-cap financial advisory”.
Expansion in Northern Europe
Eurohold has established offices in three new countries in 2017 – Japan/Tokyo, United States/San José, and Portugal/Lisbon -, bringing up to 17 the number of own offices in fifteen different countries. These different locations allow the firm to “incidentally” contain the risks associated to the turbulent environment in Catalonia. Confident in the solidity of its model, Eurohold plans to strengthen its position in Northern Europe, i.e. in Germany, in the United Kingdom, and in France where a partner is being recruited and will join soon the new Paris’ offices. “We want to support our clients and prospects whether on sell-side or buy-side, particularly for cross-border deals, and we are convinced that Eurohold can play a major role in the mid-cap M&A advisory field in France”, said Bernard Demode. Eurohold also plans to work increasingly with funds. In Spain, Eurohold has already advised Advent, Apax, Caisse des Dépôts, L Capital, Otium or 3I. “The firm has full legitimacy to support these players in France: the buyers’ market is not only local, and our own international network enables us to identify relevant targets” says the firm.
17 deals in the past year
In 2017, Eurohold with approx. fifty collaborators including fifteen managing partners (one per country), closed 17 transactions, including seven cross-border deals with France for a total amount of € 80m. Eurohold advised Pomona in the acquisition of a majority stake in Geland (logistics); Capfun – a campground specialist – which made three acquisitions; Bonder & Co, sold to Le Collectionist; Smart Holding, which acquired a 70% stake in Dental Company or Ebro France when it acquired Vegetalia. Five deals have already been closed this year, including Gesfor Mexico, one of its long-standing clients which was acquired by GFI Informatique, or the delisting of Lombard Risk from the London Stock Exchange (LSE), for € 60m. “The only P-to-P made in London since the beginning of 2018,” says Bernard Demode who expects to capitalize on the technicity of this “iconic” transaction to close others and to work on transactions beyond the current target enterprise value (mainly € 20m to € 50m).
Bernard Demode Fanny Peigner Sonja Fell
03 avril 2018
Par Anne Joly