About the deal
Founded in 1995 in Attichy as part of the La Rochette paper and cardboard group, Cartospé Packaging has been taken over in 2003 by Christophe Bodart. The company specialized in the design and production of corrugated board for niche markets. It benefits from a leading European position on clinical waste packaging, as well as strong positions on special and hazardous waste collection packaging, foam boxes and e-commerce packaging. Covering the entire value chain, from design, production to sales, Cartospé Packaging offers its customers a wide range of turnkey solutions combined with a high level of service. It generated almost €17m in revenues in 2022 and employs 40 employees.
After opening its capital to Naxicap Partners and Caisse d’Epargne Hauts-de-France Capital in 2019 as part of an OBO, the new deal, advised by Capitalmind Investec, was completed though a management buy-in led by Eric Gheysens and sponsored by Société Générale Capital Partenaires and Capelia. Eric Gheysens has over 20 years’ experience in the packaging industry, and runs EGL (EMBALLAGES GHEYSENS – La Liane), a company specializing in corrugated converting and associated services, which he is contributing to the newly-formed Emballages Gheysens Group. The deal enables the exit of Naxicap Partners, Caisse d’Epargne Hauts-de-France Capital and Christophe Bodart.
What we did
Capitalmind Investec assisted the shareholders of Cartospé Packaging during the whole sell-side process: shaping the transaction strategy, qualifying counterparts most likely to value & develop the company, preparing marketing materials and business plan together with the management, setting up a competitive process and leading the negotiation.
Capitalmind Investec quickly understood the group’s activities and was able to highlight the company’s strengths. They also demonstrated a very good understanding of the challenges faced by the various parties involved in the deal, and responded by providing solutions to ensure the deal’s success.CHRISTOPHE BODART, CEO, Cartospé Packaging
We were won over by the work of Capitalmind Investec. Their availability and the quality of their work were key to overcome the complexity of the deal and to bring it to a successful conclusion.VINCENT LESIEUR, Private Equity Associate