The pool equipment supplier, in an LBO with Latour Capital and FIA Partners, expands internationally by taking over the activities of the Spanish manufacturer of solar and winter pool covers and dedicated rewinders Ibercoverpool.
NextPool/Sokool really takes its consolidator role to heart. Mainly owned by Latour Capital and FIA Partners since the LBO ter of December 2014 (read thereafter), this pool equipment designer and manufacturer multiplies its acquisitions in France since its creation in 2004, progressively completing its offer. At the head of tens of brands, including Abriblue, Hydra Système, or Albigès, this leader in pool covers, safety flaps or even swimming pool enclosures, which renamed itself O2 since the takeover, in January 2016, of Sokool (read thereafter), now grows internationally, where it makes between 20% and 25% of its sales through 56 countries.
Industrial site of almost 4000 m² located in the Madrid region
To increase its industrial and commercial impact in Spain and Portugal, two fast-growing markets, NextPool/Sokool has, indeed, just acquired the Spanish SME Ibercoverpool’s activities to Miguel and Francisco Alcazar, its directors that founded the company in 1989.
“Until now, our five production plants were in France, but it was becoming difficult to, correctly, provide the South of Spain and Portugal with certain products, while remaining competitive and meeting the expectations of our customers in terms of deadlines.”, explains its president Régis Roux. By taking over the activities of Ibercoverpool, the tricolor group, advised by the Eurohold teams (read below), gets their hands on a recognized brand of blankets (solar and wintering) and reels, with an industrial site of almost 4000 m² located in the Madrid region.
€ 100 M revenues by 2020
The Spanish SME, which generates more the € 3M revenues, increasing significantly, with around twenty employees, is joining an ambitious group with more than 300 employees and which revenue exceeded € 60M in 2017. “External growth has always been a part of our DNA and we intend to continue in that direction to become a structuring player able to develop the outdoor equipment’s European market”, says Régis Roux who hopes to cross € 100M revenues by 2020. In this context, this tailormade equipment’s specialist will be interested in French and European companies with a real technical know-how and a good human and commercial reputation.
The stakeholders of the operation
|Buyer or Investor||GROUP O2 (NEXTPOOL), Régis Roux, LATOUR CAPITAL, FIA PARTNERS
|Assignor||FAMILY STAKEHOLDERS: Miguel Alcazar, Francisco Alcazar
|Buyer Investment Banker / M&A Advisor||EUROHOLD, Bernard Demode, Fanny Peigner|
|Buyer Legal and Tax Due Diligence||PKF INTERNATIONAL|
|Buyer Financial Due Diligence||PKF INTERNATIONAL|
|Assignor Corporate Lawyer – Fiscal Structuration||VENTURA GARCES & LOPEZ-IBOR ABOGADOS
12th April 2018
Eléonore de Reynal