Clestra group acquired by Windhurst Participations
The Clestra group has as an activity the design, the manufacturing and the marketing of removable wall partitions and accessories for office property as sets consisting of partitions. The group turnovers Euro220m (under Clestra Hauserman, Mecanobloc and Cleanroom registered trademarks) and employs 1100 people throughout the world. It is the world market leader with production units in France (Strasbourg, Dourdan), in India (Pune), in North Korea (Gumi) and in China (Shanghai).
The deal had for purpose the takeover of the Clestra holding company by Financière Clestra, a 100% subsidiary of Windhurst Participations. Windhurst Participations is an investment company managed by François-Denis Poitrinal, specialized in majority LBO operations. Benjamin Debris, business developer, has taken part in this deal.
The transferors were composed of a company of executives (Clesmanager SAS 25%) and of two investment funds (Electropar France 38% and Financière Tuileries P6LLC 37%).
Windhurst Participations was advised by CMS Bureau Francis Lefebvre:
- On corporate aspects: by Philippe Rosenpick (partner), Arnaud Hugot and Laurence Cohen (lawyers)
- On employment law: by Caroline Froger-Michon (lawyer)
Acquisition auditing has been made by Ernst & Young TAS (Emmanuel Picard, partner, and Renaud Régner).
On tax law aspects, Windhurst Participations was counselled by Alex Burri (lawyer).
Main transferors were advised by August & Debouzy law firm (Sonia Bonabry, lawyer).
The Investment bank was Caisse Régionale de Crédit Agricole d'Anjou et du Maine (Jacques Théreau and Nathalie Durand) advised by Calyon Nantes (François Kanoui and Agnès Huret).
For further information, please contact :
CMS Bureau Francis Lefebvre
Florence Jouffroy / Tel: +33 1 47 38 40 32
Laetitia Mostowski / Tel: +33 1 47 38 40 74
