As a leading private equity, M&A and capital markets law firm, Duteil Avocats has expanded its service offering to include financing operations and advice to start-ups. Relying on recognized expertise in its areas of specialisation, Duteil Avocats has over more than 20 years successfully closed several complex French and cross-border transactions.
LBO / Duteil Avocats (Cristian Rawlins, Florent Gassies, David Merlet, Edouard Eliard) advises Crédit Mutuel Equity and the other selling shareholders of Maison Routin in the selling of the group to Apax Partners Development and its co-investors, UI Gestion and Crédit Mutuel Equity (which reinvests)
Maison Routin has thus changed the composition of its capital through a new LBO transaction. In the context of this transaction, Duteil Avocats advised the selling shareholders, including Crédit Mutuel Equity, which reinvests in the takeover structure alongside Apax Partners Development and UI Gestion. Recently renamed, the former CM-CIC Investissement was, pre-operational, the main shareholder of Maison Routin without being in the majority since it had led the takeover operation in 2012 alongside certain historical shareholders.
With its century-old expertise in the production of syrups and flavoured drinks from its Chambéry site and the work of its 160 employees, Maison Routin has transformed itself in recent years around its emblematic brand “1883”, intended for the B2B market and present in cafés, bars and restaurants in over 80 countries. It has a turnover of nearly €60m, 40% of which is generated outside France. Maison Routin also continues its activities as a recognized syrup operator in France and Belgium, serving its mass distribution customers with Fruiss, Oasis Sirop and its customers’ brands.