Bluegem Capital Partners and AREV Partners have acquired 100% of Groupe Pinard

September 2024 — Bluegem Capital Partners and AREV Partners have successfully completed the acquisition of the prestigious Groupe Pinard from IK Partners.

Bluegem is a pan-European specialist private equity firm investing in value-oriented consumer staple businesses across the value chain (B2C, B2B2C and B2B), underpinned by non-discretionary demand and supported by megatrend tailwinds. The Bluegem investment team works alongside experienced portfolio management and functional experts to deploy a proven toolkit for accelerating value creation. The Bluegem value acceleration playbook is based on data analytics and includes, among other things, 360-degree business digitalization involving the use of artificial intelligence, international expansion and product innovation.

Founded by two experienced private equity executives, AREV Partners invests in European private companies across the healthcare, digital and technology, B2B services and products and consumer sectors. The fund targets businesses that can significantly transform or scale, partnering with ambitious entrepreneurs and management teams. Their approach combines strategic, financial and operational expertise in conjunction with a wide-reaching industry network.

Established in 1970 in France, Groupe Pinard specializes in the design and manufacture of packaging solutions for reputable luxury brands in the BPC space through its Pinard Beauty Pack (PBP) subsidiary and for pharmaceutical customers through its Lablabo subsidiary. Lablabo was acquired in 2019 and is the inventor of the bag-in-bottle airless technology. The company targets prestige and masstige brands and serves a long-standing clientele.

IK Partners is a leading European mid-market private equity firm focused on investments in Benelux, DACH, France, the Nordics and the UK.

Our role in the transaction

Oaklins’ team in France advised Bluegem and AREV Partners in this transaction.

Service

M&A buy-side

Parties

“Once again, the Oaklins team demonstrated their agility and advisory skills. They were the driving force behind this deal, initiating bilateral discussions in a climate of trust. They then proved to be an efficient and proactive partner throughout the negotiation and execution phases. In short, a dedicated and high-performing team!”

Mathieu Develay

Partner, Bluegem Capital Partners