Groupe Editor strengthens its equity by more than €16m

Groupe Editor strengthens its equity by more than €16m
following an equity stake by the FCDE
Aix-en-Provence, 3rd October 2011 – The Fonds de Consolidation et de Développement des
Entreprises (FCDE) has announced a new investment in Groupe Editor.
Groupe Editor is the French leader in an industry that includes cards, gift wrappings, and small gifts.
It is also, in these fields, one of the two key players in continental Europe. The group, based in Aix-enProvence, employs approximately 415 staff and achieved a turnover in 2011 of around €50m, nearly
twice the amount of its first direct competitors. Its activities are spread out in 7 main sites: Aix-enProvence, Macon, Paris, Villejuif, Châteaulin, Nivelles (Benelux) and Milan (Italy).
Positioned in a changing market with the boom in new media and the increase in new distribution
channels (e-commerce and supermarkets), Groupe Editor has started its migration to a mixed model
in card making: i.e. printed and digital (web2print, e-cards). In addition, the company is
contemplating at the moment several opportunities for external growth.
The FCDE’s €6.5m investment alongside the management’s must enable Groupe Editor to seize the
opportunities to develop, and to consolidate its leadership in the card making and gift wrapping
industry in continental Europe.
This investment as well as the €10m debt to equity swap allows Groupe Editor to strengthen its
equity to the amount of €16.5m and increase it to €33m.
Henry Condamine, chairman of Groupe Editor, declared: “Our industrial means, the wealth and
variety of our creations, our know-how made in France, as well as the quality of our teams, have
already enabled us to be chosen by the key players in the retailing industry, not only by national and
international retail chains but also by independent shops. This transaction will allow us to consolidate
our strategy and to put into action our ambitious development plan.”
Benoît Sellam, Chairman of the board of the FCDE, declared: “Groupe Editor has the critical size, the
quality of management and the range of products which allow it to position itself as consolidator of
the card market, that is today fragmented and changing.”
About the FCDE
The Fonds de Consolidation et de Développement des Entreprises (FCDE) finances the recovery and
development of SMEs with growth potential. This growth capital fund of approximately €200m is financed by
the Fonds Stratégique d’Investissement (FSI) in partnership with the main banks and insurance companies of
the French market. The FCDE is managed by Consolidation et Développement Gestion, a minority subsidiary of
CDC Entreprises.
About Groupe Editor
Groupe Editor is the French leader in an industry that includes cards, gift wrappings and small gifts. It is also in
these fields one of the two key players in continental Europe. Created in 1972, the group based in Aix-enProvence, achieved a turnover of around €50m in 2011. The group expects to regain a turnover of €60m in
2012 and then €70m in 2013. It employs 415 staff at its 7 main sites: Aix-en-Provence, Macon, Paris, Villejuif,
Châteaulin, Nivelles(Benelux) and Milan(Italy).
Contacts
FCDE:
Julien Sanson
01 58 47 94 95
[email protected]
Groupe Editor:
Henry Condamine
04 42 39 50 02
[email protected]
Participants in the transaction:
- Groupe Editor(Henry Condamine, Eric Marquez)
- FCDE (Benoît Sellam, Julien Di Marco, Charles Francois)
- Legal Consultant FCDE : Weil, Gotshal & Manges (Fréderic Cazals, Alexandre Vermynck,
Eleonore Caroit)
- Financial Due diligence : Eight Advisory (Stéphane Vanbergue, Xavier Bailly)
- Strategic Due diligence : Roland Berger (Jean- Charles Ferreri, Alexei Kharlamov)
- Legal Due diligence : Kahn & Associés (Stéphane Sylvestre)
- Evaluation Consultants Groupe Editor : Duff&Phelps (Yann Magnan, Baptiste Gormand)
- Legal Consultants Groupe Editor: Hay, Mendelsohn & Associés (Julien Hay, Johann Bouskila),
Fayette & Associés (Fabrice Fayette)