An old sweater, it is comfortable, but, sometimes, it is better to knit a new one.According to our information, Eric Bompard, 70, creator of the brand of jackets and cardigans of the same name, is about to sell his group. It has entered into exclusive negotiations with a consortium of investors comprising Xavier Marie, the founder of Maisons du Monde, the investment fund Apax Partners and the public bank Bpifrance.
The family Bompard has planned to re-invest side by side with his new partners, who will hold the majority of shares. The valuation of the number one in europe of kashmir, which employs 250 employees for a turnover (including VAT) of € 90 million, expected to reach 100 million euros, according to a close to the folder. An amount that the parties involved refuse to comment.
“My father wished to find new investors to accelerate the development of the brand, both at the international and digital,” says Lorraine de Gournay, executive director of the group and Eric Bompard and the daughter of the founder. A mandate had been entrusted to Transaction R, the team of David de Rothschild, which is dedicated to mid-size companies.
“Given the strong reputation of the brand and its excellent reputation, there has been a lot of interest. But we have not wanted to enter into a competitive process where the objective would have been to see a lot of contenders. We have privileged meetings. It was necessary that the current pass. With Xavier Marie, we had an excellent “fit”. We speak the same language, ” said Ms. de Gournay.
“The consortium formed by Xavier Marie, Apax partners and Bpifrance should be the majority in the capital. Xavier Marie would have a larger share than the other shareholders, ” says Caroline Remus, general manager of Apax Partners in Development.
The Brestois had launched the banner of decoration…