Le Temps des Cerises has been sold to a new group of investors
Le Temps des Cerises has closed a secondary minority MBO with three investors who have acquired approximately 20% of the shareholding: Trocadéro Capital, Turenne and Smalt. Siparex and Bpifrance have sold 100% of their participation.
Le Temps des Cerises is an iconic French denim brand created in 1998 by the Richardiere family. The brand has successfully diversified its offering in the textile sector and has implemented an efficient omnichannel model combining three distribution channels: retail, wholesale and digital, with strong digital growth in recent years. The group benefits from an optimized and qualitative management of its value chain. Cerise is also a pioneer in its sector in terms of eco-responsibility, with a strong social and environmental engagement.
Trocadéro Capital Partners is an independent and well-rknown PE fund for French and European companies with an enterprise value US$10–150 million. Turenne Capital Partners is one of the leading PE funds in France and has supported entrepreneurs in their innovation, development, and disposal projects for 20 years. Smalt Capital has been a well-known PE player in Southern France for more than 20 years. Smalt Capital has been backed by the Caisse d'Epargne bank since 2019 and supports companies in equity and quasi-equity at each step of development, mainly as minority investors.
Oaklins’ team in France acted as the exclusive sell-side advisor to the shareholders (management and the PE funds) in this secondary MBO transaction.



Lylian Richardière
Owner and CEO, Le Temps des Cerises
Talk to the deal team
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