Acquisition of Ceccon Frères by Basaltes

Sector(s)
Industrials
Deal type
Buy a business
Date
December 2021
Countries involved
France

Client

Basaltes is a French family-owned quarrier group

Deal

Capitalmind has advised Basaltes group on the acquisition of Ceccon Frères

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Kilian de Gourcuff

    Kilian de Gourcuff

    Partner France
  • Christopher Martin

    Christopher Martin

    Vice President France

About the deal

Ceccon Frères is a French independent quarrier group based in Annecy specialized in the production of aggregates and concrete. The group, founded in 1936, was owned by the Ceccon family. The family decided to sell the group through a process organized by Société Générale.

Basaltes is a French family-owned quarrier group with 100 sites, quarries and platforms through 5 subsidiaries including Ceccon Frères. The group employs 450 people and produces 12mt of aggregates per year and generates c.€150m revenues.

Through this acquisition, Basaltes strengthens its position as the leading independent quarrier group in France with a presence in a 5th region.

What we did

Capitalmind advised Basaltes on the acquisition of Ceccon Frères, providing critical analysis of the operation, valuation guidance, debt financing and execution support.