Iconic French denim brand welcomes a new group of minority shareholders
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 highly resilient and benefits from an efficient omnichannel model with a network of more than 80 stores, over 1,000 wholesalers, and two e-shops.
We are delighted to welcome new partners to our side who have convinced us of their motivation and the added value they will bring to continue our development, while respecting the values that have driven us since the creation of the company. We thank the Oaklins team for supporting us in this secondary MBO.LYLIAN RICHARDIÈRE, OWNER AND CEO, LE TEMPS DES CERISES, FRANCE
Oaklins assists in finding the right partner
Oaklins’ team in France acted as the exclusive sell-side M&A advisor and supported the shareholders in finding the right financial partners for its secondary MBO. The management selected a complementary team of minority investors to support Le Temps des Cerises growth projects. Oaklins also processed the financing for the transaction with a pool of five banks: CIC, SMC, LCL, BNP and Caisse d’Epargne.
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