BPI France SA, Arkéa Capital Partenaire, fund of Arkéa Capital SAS, Unexo, Credit Agricole S.A., BNP Paribas Développement SA, SCR, Turenne Investissement SCA, SCR managed by Turenne Capital Partenaires and Le Mer family completed the acquisition of 65% stake in Sermeta S.A. from Carlyle European Capital Partners III, L.P. managed by The Carlyle Group LP (NasdaqGS:CG).
June 04, 2014
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BPI France SA, Arkéa Capital Partenaire, fund of Arkéa Capital SAS, Unexo, Credit Agricole S.A., BNP Paribas Développement SA, SCR, Turenne Investissement SCA, SCR (ENXTPA:ALTUR) managed by Turenne Capital Partenaires and Le Mer family agreed to acquire 65% stake in Sermeta S.A. from Carlyle European Capital Partners III, L.P. managed by The Carlyle Group LP (NasdaqGS:CG) on April 2, 2014. External financing will be provided by Crédit Agricole. Under the terms of the transaction, BPI France SA will invest €180 million, Turenne Investissement will invest €2.5 million, Arkéa Capital Partenaire will invest €70 million while Unexo and Credit Agricole S.A. will invest €22 million together. Le Mer family will own a majority stake in Sermeta S.A. after the transaction. Crédit Agricole Corporate and Investment Bank provided senior debt for the acquisition. Sermeta had total revenues of €186 million in 2013. Joseph Le Mer will return the decision-making center to France. The transaction is expected to close in Q2 2014, subject to regulatory approvals.
Hugues Schmitt of DGM France acted as public relation advisor to The Carlyle Group LP. Vincent Ponsonnaille, Mehdi Boumedine, Laurent Victor-Michel, Hélène-Oriane Jeandot, Alexander Premont, Edouard Chapellier, Estelle Kouakam Kenko and Thomas Elkins of Linklaters LLP (USA) acted as the legal advisor for The Carlyle Group LP. Frédéric Cazals of Weil Gotshal & Manges acted as legal advisor to bpifrance Investissement. Cyrille Boillot of Stehlin & Associés acted as legal advisor to Arkéa Capital. Guillaume Touttée of De Pardieu Brocas Maffei and Michel Peters acted as legal advisors to Sermeta S.A. Michel Peters and Laurent Hepp, Luc Jaillais, Jean-Charles Benois, Florian Burnat and Vincent Forestier of CMS Bureau Francis Lefebvre and Benoît Gomel, Stéphanie Gérard and François Didier, Yannick Le Gall, Christophe Gaillard, Jessica Derocque and Stéphanie Segal of De Pardieu Brocas Maffei acted as legal advisors for consortium of the acquisition. Diane Sénéchal, Amanda Bevan, Bertrand Delaunay, Anne Reffay, Priscilla van den Perre of Ashurst acted as legal advisors for Crédit Agricole as the arranger and bookrunner of the financing of the transaction. Lamartine Conseil acted as legal advisor for Bpifrance, Arkea Capital Partenaire and Unexo.
BPI France SA, Arkéa Capital Partenaire, fund of Arkéa Capital SAS, Unexo, Credit Agricole S.A., BNP Paribas Développement SA, SCR, Turenne Investissement SCA, SCR (ENXTPA:ALTUR) managed by Turenne Capital Partenaires and Le Mer family completed the acquisition of 65% stake in Sermeta S.A. from Carlyle European Capital Partners III, L.P. managed by The Carlyle Group LP (NasdaqGS:CG) on June 5, 2014.
The Carlyle Group Inc. is a global investment company. The Company operates through three segments: Global Private Equity, Global Credit, and Global Investment Solutions. The Global Private Equity segment advises the Companyâs buyout, middle market and growth capital funds, its U.S. and internationally focused real estate funds, and its infrastructure and natural resources funds. The segment also includes the NGP Carry Funds advised by NGP. The Global Credit segment advises funds and vehicles that pursue investment strategies including loans and structured credit, direct lending, opportunistic credit, distressed credit, aircraft financing and servicing, infrastructure debt, insurance solutions and global capital markets. The Global Investment Solutions segment advises global private equity programs and related co-investment and secondary activities. The Company has investment professionals in over 28 offices across four continents. It also focuses on private student loan portfolio.
BPI France SA, Arkéa Capital Partenaire, fund of Arkéa Capital SAS, Unexo, Credit Agricole S.A., BNP Paribas Développement SA, SCR, Turenne Investissement SCA, SCR managed by Turenne Capital Partenaires and Le Mer family completed the acquisition of 65% stake in Sermeta S.A. from Carlyle European Capital Partners III, L.P. managed by The Carlyle Group LP (NasdaqGS: CG).
THE CARLYLE GROUP INC. 
