DC Advisory advised Bacacier on its sale to Kingspan

Background

• Founded in 1995, Bacacier is a leading specialist in insulated panels and offers a range of metallic materials for the insulation of industrial and commercial buildings

• With 500 employees and 25 operational sites throughout France, Bacacier transforms 100,000 tons of steel p.a. and will generate a turnover of c.€195m in 2019

• Established in 1972 in Ireland, Kingspan is listed on the Dublin stock exchange

• Kingspan is a global leader in high performance insulation and building envelope solutions

• With 129 operational sites and more than 14,000 employees in 70 countries, Kingspan will generate a turnover of over €5bn in 2019

Process

• DC Advisory was retained as exclusive M&A advisor by the shareholders of Bacacier to organise discussions with Kingspan

Outcome

• Andera Partners, until now a minority shareholder of Bacacier, will withdraw from its investment after a period of support that saw the group strengthen its market share and develop new strategic growth axes

• Jean-Christophe Vigouroux remains the Chairman and reference shareholder of Bacacier

• Following the transaction, Kingspan will be able to capitalise on Bacacier’s industrial and commercial expertise to develop its activities in France and continental Europe

• This transaction demonstrates DC Advisory’s expertise in the building materials sector and demonstrates its ability to support its clients in cross-border discussions with international groups