ENDEL, a subsidiary of the ENGIE group, has opened exclusive negotiations for the acquisition of the Pierre Guérin Group.
Capzanine, a European asset management firm specialised in private equity investment, has been a minority shareholder in Pierre Guerrin since early 2017. Based in Niort, the company is a specialist supplier of stainless steel equipment and process lines (engineering, procurement and construction) for the food & beverage and life sciences industries (pharmaceuticals and biotechnology). In recent years, the Group has grown strongly in Asia (mainly China and Korea). Seventy years of experience have refined its high-quality know-how and spread its brand awareness. The group also relies on the expertise of its c. 400 employees.
After being a shareholder of the group between 2006 and 2012, Capzanine rejoined the capital of Pierre Guerin in 2017 as a minority shareholder to support a new phase of its development. Over the past two years, Pierre Guérin has, among other things, strengthened its management team, opened subsidiaries in China and Germany, and built a new plant in Spain. In 2018, the Group generated sales of c. 80 million euros.
Jean-Christophe Pietri, President of the Pierre Guérin Group, says: “We have known Capzanine for more than ten years now and established a true relationship of trust with the teams. Beyond the financial support, Capzanine has proven to be a first-class partner, a reliable advisor, at our side in good and bad times.”
Christophe Karvelis-Senn, President of Capzanine, says: “We have really appreciated to support Pierre Guérin over the years. We have particularly enjoyed the quality of our relationship with the management team, which has a real strategic vision and has managed to successfully position the company as a key player in its sector. Pierre Guérin has all the assets to pursue its international expansion with the support of ENDEL ENGIE.”
