Briconord has completed its fourth LBO with ODDO BHF
Briconord, a French designer and distributor of furniture and hardware solutions, has been acquired by a consortium of investors led by ODDO BHF, alongside BNP Paribas Développement, Initiative & Finance and BPIFrance, in its fourth leveraged buy-out (LBO). The partnership is intended to accelerate Briconord’s development while maintaining its strong market positioning and supporting ambitious M&A plans in Europe.
ODDO BHF Strategic Opportunities is a private equity investment strategy managed by ODDO BHF Asset Management. It focuses on acquiring majority or minority stakes in small and medium-sized enterprises (SMEs) with EBITDA ranging from US$5 million to US$34 million, primarily in France and Germany.
Briconord is a French company specializing in the design, manufacturing and distribution of do-it-yourself (DIY) and home improvement accessories, including furniture assembly kits, storage solutions and decorative hardware. The company primarily supplies large retail chains and focuses on delivering functional, innovative and easy-to-install products to consumers across Europe.
Siparex is one of France’s leading independent private equity groups. Founded in 1977, it supports the growth and transformation of companies ranging from startups to mid-sized businesses (ETIs) across France and Europe. With US$4.2 billion in assets under management, Siparex operates multiple investment strategies, including growth capital (midcap, entrepreneurs and regional funds), venture capital via its subsidiary XAnge, private debt (mezzanine), and energy transition through TiLT Capital Partners. Headquartered in France, the group has nine offices, including international locations, and is strongly committed to responsible investment and environmental, social, and governance (ESG) integration.
Oaklins’ team in France advised ODDO BHF Strategic Opportunities throughout Briconord’s acquisition process, demonstrating agility in identifying the right partner at the right time and ensuring the flawless execution of the transaction in just a few weeks.
Sébastien Cailliau and Frédéric Jouenne
Co-Heads of Strategic Opportunities, ODDO BHF
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