PAI Partners, a French leading pan-European private equity firm, has become, on January 31st 2019, the main shareholder of StellaGroup with 61% of the stock alongside the management and ICG, which still keeps a minority interest.
StellaGroup is the leader in closure solutions on the French market, supplying products for residential, commercial and industrial buildings. N°1 in France of Roller Shutters and metal Grilles and Shutters, StellaGroup operates under five brands : La Toulousaine, Profalux, Eveno, Sofermi and Flip, which joined the group in October 2018. In addition of metal Grilles and Shutters and Roller Shutters, these five entities manufacture Venitian Blinds, sectional and roller Garage Doors, aluminium Gates, Fences and Balustrades.
PAI intends to support the current management team in its plans to grow the business further, both organically and through acquisitions, in France and abroad. StellaGroup is the second investment made by PAI Europe VII, a fund of €5.1 billion set up in March 2018.
StellaGroup constitue le second investissement réalisé par PAI Europe VII, fonds de 5,1 milliards d’euros lancé en mars 2018.
Didier Simon, CEO of StellaGroup commented: “After a period of significant growth in France over the past decade, we were looking for a financial partner able to help us to accelerate our international development, respectful of our values, and supportive of the acquisition plan of StellaGroup. We look forward to working with PAI to deliver the next phase of our growth story.”
Mathieu Paillat, Partner in PAI’s General Industrials sector team, commented: “PAI Partners is delighted to become the majority shareholder in Stella alongside the management team and ICG. Our common goal is to reinforce Stella’s position as a leader in the French market, while also pursuing new growth opportunities in Europe. We strongly support the management team as it aims to deliver this new phase in the company’s international development.”
Hadj Djemai, Head of Southern Europe at ICG, commented: “We have been delighted to be a partner of StellaGroup’s management since 2015. During this period, the group has developed very well both organically and through acquisitions. We are reinvesting alongside the management and PAI Partners, as we are convinced there remains very significant growth potential.”