CM-CIC Investissement SCR – Feedaxess Group / 04/2019
GROWTH CAPITAL – Duteil Avocats (David Merlet, Valérie Péressini) advised CM-CIC Investissement SCR in relation with a minority investment in Feedaxess Group.
Feedaxess designs, makes and distributes professional kitchen and commercial refrigeration equipment. It is a holding company that was created in 2015 through the acquisition of Seda, and is now raising later-stage financing with the aim of becoming a leading European player in five years’ time.
CM-CIC Investissement’s arrival as a key minority shareholder, replacing long-standing investor Siparex, will enable this Lyon-based SME to continue its build-up strategy focused on the international market and begin a managerial transition process.
In 2018, Feedaxess made two acquisitions, including German professional kitchen equipment distributor Saro Gmbh. Feedaxess is based in Corbas in France, has consolidated annual revenue of €67 million and employs 150 people.