January 24th, 2020
We are pleased to announce that on January 24th, 2020, Dumont Investissement, the majority shareholder of Groupe SAMSE (the “Company”), a leading French building materials and construction equipment retailer, has announced the signing of an agreement for the acquisition of a 21.13% stake in the Company from BME France (former CRH France Distribution). This is for a consideration, excluding transaction related fees, of € 136 million (corresponding to a price per share of the Company of ca. € 186).
Closing of the Transaction is expected to occur at the end of February 2020.
Following the Transaction, Dumont Investissement will hold 77.30% of the share capital and 81.28% of the voting rights of Groupe SAMSE.
In addition, the Transaction once realised, will terminate the agreement signed in September 17th, 2014 between Dumont Investissement and BME France. This will lead the latter to give up, without any penalty charge, the call option granted, at the same time than the agreement, for the acquisition of the control of Dumont Investissement.
The Transaction comes after the disposal by CRH Group, in October 2019, of its European distribution activities to the private equity fund Blackstone. It will allow the Company to pursue its activities as an independent group while following its own strategic vision, with the support of its historical shareholders and a number of new investors from various horizons with different investment profiles, accounting for ca. 14% of the share capital of Dumont Investissement.
In the context of the Transaction, Sycomore Corporate Finance acted as financial advisor to Groupe SAMSE and Dumont Investissement. The Transaction team comprised François Vigne, Alain Loeb, Jihane Kabouya and Sébastien Richer.