1 A long established mid-market player Paris office Abnex is present - - PowerPoint PPT Presentation

▶
1
SMART_READER_LITE
LIVE PREVIEW

1 A long established mid-market player Paris office Abnex is present - - PowerPoint PPT Presentation

Sep 25, 2023 680 likes •801 views

Strictly Confidential 1 A long established mid-market player Paris office Abnex is present on the French Private Equity and LBO market since 1992 In 2008, the Managing Partners of ABN AMRO Capital France achieved their own LBO In 2009,

slide-1
SLIDE 1

1

Strictly Confidential

slide-2
SLIDE 2

2

A long established mid-market player

  • Abénex is present on the French Private Equity and LBO market since 1992
  • In 2008, the Managing Partners of ABN AMRO Capital France achieved their own LBO
  • In 2009, Abénex became the first mid-market player to set up a dedicated Operational Team
  • Since 2015, Abénex is accredited by the AMF as real-estate investor (“OPCI”)
  • We are currently investing Abénex V, a €400m+ fund raised from French and international

institutionals and private individuals (with additional capabilities available through co-investment)

6

successful public-to- private deals

€1.2bn+

invested

24

professionals

66

transactions

€7.0bn

transaction value

135

build-ups

Paris office Lyon office

slide-3
SLIDE 3

3

Our investment strategy

A proven ability to build together the right transaction, understand the company’s environment and adapt to the seller’s objectives (families, founders, managers, large corporates)

  • Companies located in France,

Switzerland or Benelux

  • Leaders in sectors with high

barriers to entry

  • Growth potential (in France

and internationally)

  • Opportunities for market

consolidation and growth through acquisitions

  • Potential for operational

improvement Target companies Investment criteria

  • Target company value:
  • Between €30m and €300m
  • Investment:
  • Between €10m and €100m
  • Investment horizon:
  • Up to 7 years depending on the target’s project
  • Majority and minority holdings

50%

transactions with €50m < EV < €200m

30%

transactions with EV < €50m

20%

transactions with EV > €200m

50% / 50%

majority / minority holdings

slide-4
SLIDE 4

4

Our track record

Buy-in Operational

  • ptimization

Majority Buy-out

CONSUMER GOODS INDUSTRIES & BUILDING MATERIALS HEALTHCARE TECHNOLOGY BtoB SERVICES & DISTRIBUTION

Minority Growth

Cross industry / sector expertise

slide-5
SLIDE 5

5

An operational mindset

  • No interference in day-to-day management
  • Involvement in strategic decisions
  • Active Board member
  • Limited number of investments followed by each

professional A PROFESSIONAL PARTNERSHIP BASED ON TRUST A SYNERGETIC PLATFORM Development of synergies between portfolio companies:

  • Creation of a Purchasing Club
  • Centralization of non-strategic purchasing volume
  • Negotiation of preferential terms

A DEDICATED OPERATIONAL TEAM At the request of Management, support in the

  • perational implementation of key value-added projects:
  • Development (organic and external)
  • Cost optimization
  • Process improvement
  • Key recruitment / reporting

A DEVELOPMENT PROVIDER

  • Strong willingness to develop turnover and

profitability through internal or external growth

  • Expertise provided to managers to support their

build-ups

  • Industrial and financial awareness, sectorial skills
  • Proven support to international expansion
slide-6
SLIDE 6

6

Abénex REIM – A dedicated real-estate team

  • Since 2015, Abénex acts as a real-estate investor
  • Real-estate Investment fund (“OPCI”) management
  • Set up of two dedicated “OPCI”: acquisition of two retail assets portfolios of respectively

€55m (27,000 sqm, 14 assets) and €150m (75,000 sqm, 38 assets)

  • 2 dedicated professionals

TRACK RECORD Rely on the strong operational knowledge built over the years through buy-out investments in companies with underlying real-estate assets RATIONALE ASSET, PROPERTY & FUND MANAGER APPROVED BY THE AMF

  • Diversified real-estate investments (type and risks)
  • Investments size of €15m to €80m
  • Targeted opportunities:

Offices Located in major French cities with a value creation axis Retail (Shopping centers, retail parks, independent sites) Logistics assets Mainly located in the French logistics corridor Asset portfolio With value creation potential

slide-7
SLIDE 7

7

A complementary team of 24 professionals

Note: team ages calculated as of January 2018

INVESTMENT REAL ESTATE SUPPORT Alexis Lebailly, 28 Associate Noémie Thorez, 33 Property Accountant MANAGING PARTNERS Hervé Claquin, 68 Managing Partner Olivier Moatti, 49 Managing Partner Patrice Verrier, 49 Managing Partner OPERATIONAL & MONITORING Emmanuel Herbinet, 45 Partner Strategy, Industry Johann Dupont, 42 Partner in charge of Operational team Consulting, Services Sofiane Touhami, 31 Manager Consulting, Industry Laurent Chevreau, 45 CFO, ESG Officer Antoine Bouvatier, 47 General Counsel Vincent Gouedard, 28 Associate Private Equity Julien Keignart, 35 Director Karim Hoebanx, 31 Associate Matthieu Balaÿ, 30 Manager Jérôme Vandermarcq, 38 Director – Lyon Mathieu Mauhourat, 37 Director Antoine Houel, 40 Director Antoine Schouman, 42 Partner Marie Valide, 56 Office Manager Emilie Lhommeau, 31 Support & Communication Carole Bouron, 40 Chief Accountant Edouard Jeandey, 28 Associate – Lyon Eva Haselwander, 29 Associate Caroline Spriet, 26 Analyst

slide-8
SLIDE 8

8

Our portfolio

Growth strategy June 2013 Operational improvement June 2006 Growth strategy October 2014 Growth strategy April 2017 Operational improvement April 2017 Growth strategy June 2016 Growth strategy April 2017 Growth strategy November 2017 Growth strategy April 2017 Growth strategy November 2017 Management consulting Banking intermediation for individuals Fresh products retail Professional conference

  • rganisation and medical

edition Funeral products and services Pharma reagents design and manufacturing Ophthalmological centers Holographic Technologies Formworks and services for the construction Real-estate development services

slide-9
SLIDE 9

9

Details of our portfolio (1/2)

November 2017 OBO SQUARE is a management consulting company with 650 consultants

  • perating

in France, Belgium, Luxemburg and Switzerland. The company is present on 3 segments:

(i)

Digital and marketing

(ii)

Process, operations and risk management (regulations, compliance)

(iii)

Strategy and

  • rganization

SQUARE’s target customers

  • perate

in Banking, Insurance, TMT, Energy, Transport and Services. November 2017 OBO PREMISTA, created in February 2016 by the merger

  • f

Central Finances and Végalis, is involved in banking intermediation. The company is the French leader in debt consolidation for individuals. PREMSITA relies on two distribution channels: (i) a direct channel with clients identified by bank agencies

  • r sourced via internet and

(ii) an indirect channel through franchise networks. PREMISTA also manages a network of 80 branches in real-estate loans brokerage. April 2017 OBO EUROPA GROUP is a Professional Conference Organizer (PCO) focused on the medical segment. EUROPA GROUP organizes

  • c. 50 congresses p.a. and
  • ffers a large panel of related

services incl. hotel booking, publishing and digital services. Based in Toulouse, EUROPA GROUP has offices in Paris Singapore, Johannesburg and

  • Rotterdam. It employs 130

people. In June 2017, EUROPA GROUP acquired Phili@, the French leader in specialized in medical edition. March 2011 / April 2017 OBO PROSOL GESTION is specialized in dairy, fish, fruits and vegetables retail, within GRAND FRAIS stores, which also comprises a butcher and a grocer. Based near Lyon, PROSOL created the GRAND FRAIS concept and acts as its main

  • perator.

GRAND FRAIS consists of more than 190 stores in France, Belgium and Italy. April 2017 LMBO Founded in 1887, HYGECO is a major international B-to- B distributor and services provider

  • n

the funeral market. Benefiting from a broad range of funeral products and post-mortem equipment, the group addresses funeral homes, mortuaries, hospitals and post-mortem medical laboratories, in France, Europe and Middle-East. HYGECO is also the leading player in France

  • f

embalming care services dedicated to funeral homes. HYGECO has 340 employees. Management consulting €100m in sales Banking intermediation for individuals €45m in sales Fresh products retail €1,200m in sales Professional conference

  • rganisation and medical edition

€95m in sales Funeral products and services €35m in sales

slide-10
SLIDE 10

10

Details of our portfolio (2/2)

April 2017 LMBO LP PROMOTION is a residential real-estate developer, leader in region of Toulouse and Bordeaux (with

  • ver 1 000 lots marketed in

2016). The company addresses primarily “buy-to-let investors”, “owner-occupiers” and “Social” sales in bulk. Home units are distributed through a multi-channel approach including external sales (~20 national/regional selling networks and 500 additional independent CGPs) and an “in house” teams addressing local customers. LP PROMOTION is a family Group created in 1996. It employs 100 people. June 2016 LMBO CISBIO designs and manufactures reagents for drug discovery (Life Science) and for in vitro diagnosis (IVD). Reagents are used during all phases

  • f

R&D by bio pharma companies in order to identify and optimize drug candidates. The CISBIO group employs 200 collaborators, has its head office in France and 3 subsidiaries in the US, China and Japan. June 2013 P2P / LMBO SURYS was founded in 1984 and listed

  • n

the Stock Exchange in 1998. The group is a worldwide leading supplier of visual and digital security solutions mainly dedicated to governments, fighting against fraud of documents and counterfeited goods. SURYS employs more than 300 people and has several production and commercial subsidiaries in France, Poland and the United States. October 2014 Development Thanks to its state-of-the-art network, POINT VISION is able to address the lack of

  • phthalmology healthcare in

France. The concept relies on the delegation of part of the

  • phthalmologists

tasks to paramedical practitioners, combined with the most recent instrumentation. Created in 2011, POINT VISION has 22 centers with 300 employees and 500,000 patients. June 2006 LMBO OUTINORD is the worldwide leader in steel formworks for the building industry. OUTINORD is the historical leader in France with a market share of 55%. It is active in the US, Latin America, Middle East and Asia, and also in Western European countries. Real-estate development services €185m in sales Pharma reagents design and manufacturing €40m in sales Ophthalmological centers €50m in sales Holographic Technologies €80m in sales Formworks and services for the construction €30m in sales

slide-11
SLIDE 11

11 ABÉNEX

Standard: +33 1 53 93 69 00 Fax: +33 1 53 93 69 25 Direct: +33 1 53 93 + Ext. Mail: prenom.nom@abenex.com PARIS: 9, Avenue Matignon – 75008 LYON: 63, Rue de la République – 69002 Hervé Claquin

  • Ext. – 69 10

Patrice Verrier

  • Ext. – 69 16

Olivier Moatti

  • Ext. – 69 30

Antoine Schouman

  • Ext. – 69 14

Antoine Bouvatier

  • Ext. – 69 17

Emmanuel Herbinet

  • Ext. – 69 15

Johann Dupont

  • Ext. – 69 04

Mathieu Mauhourat

  • Ext. – 69 11

Antoine Houël

  • Ext. – 69 18

Laurent Chevreau

  • Ext. – 69 22

Julien Keignart

  • Ext. – 69 28

Jérôme Vandermarcq +33 4 81 65 92 59 Matthieu Balaÿ

  • Ext. – 69 08

Sofiane Touhami

  • Ext. – 69 39

Vincent Gouédard

  • Ext. – 69 06

Karim Hoebanx

  • Ext. – 69 24

Alexis Lebailly

  • Ext. – 69 02

Eva Haselwander

  • Ext. – 69 19

Carole Bouron

  • Ext. – 69 05

Caroline Spriet

  • Ext. – 69 03

Noémie Thorez

  • Ext. – 69 21

Emilie Lhommeau

  • Ext. – 69 09