Sale of Les Bouchages Delage to the Tapi Group

Sector(s)
Industrials
Deal type
Sell your business
Date
May 2019
Countries involved
France / Italy

Client

Les Bouchages Delage is a leading French closure solutions provider for the premium spirits market worldwide

Deal

Capitalmind advised Les Bouchages Delage’s shareholders on the sale of 100% of their shares to Tapì and on their simultaneous reinvestment in the group, sponsored by Wise Equity

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France

What we did

Capitalmind supported Les Bouchages Delage during the entire process: marketing material preparation, management of legal, tax, HR, environmental & financial VDDs, organization of a competitive process with relevant buyers, execution support during the Due Diligence phases (sale and reinvestment), valuation guidance, and management of the negotiation of the legal documentation.

About the deal

Tapì enhances its presence on the luxury closures market by acquiring the French elite manufacturer Les Bouchages Delage. The newly constituted group further strengthens its positioning as Global Leader in the design, production and distribution of closures for the premium and super premium segments of the spirits market.

Les Bouchages Delage’s former shareholders will reinvest part of the proceeds in Tapì, enter into Tapi Board of Directors and keep their managerial roles within the company in order to actively contribute to the development of the Group.

This transaction allows the Group Tapi – Delage to be the undisputed leader in the premium, super premium and luxury segments of the stoppers for spirits market niche, posting pro-forma revenues in the range of €80m.

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