December 30th, 2020
We are pleased to announce that on December 30th, 2020, Dumont Investissement (the “Holding”), the majority shareholder of Groupe SAMSE (the “Company”), a leading French building materials and construction equipment retailer, has announced the realisation of the reorganisation of its shareholding base consisting in a share buyback by the Holding of approximately 23% of its share capital.
The Transaction will be mainly financed through the implementation of loans, with maturity ranging between 5 to 7 years, at Dumont Investissement level, granted by major French banks (including CIC Lyonnaise de Banque, BECM, Banque Rhône Alpes, Société Générale, Crédit Agricole Sud Rhône Alpes, Crédit Agricole CIB, Le Crédit Lyonnais, BNP, Banque Populaire des Alpes, Caisse d’Epargne Rhône Alpes and La Banque Postale), as well as private debt providers (ARTEMID and La Banque Postale Asset Management).
The remaining financing of the Transaction (ca. 25%) will be conducted using the receipts from the exceptional dividend distribution conducted by Groupe SAMSE and announced in November 2020.
Furthermore, Dumont Investissement announced that it will pursue its efforts to open its share capital to its managers allowing them to further benefit from the Company’s future performance, through the implementation of a co-investment plan at Dumont Investment level available for all employees of the Company. To date, over 200 managers are in the process of subscribing to this co-investment plan.
This co-investment plan follows the announcement, in November 2020, by Groupe SAMSE of the implementation of a 5-year performance free shares plan, with number of free shares of Groupe SAMSE to be potentially granted representing up to 1.2% of the current share capital of the Company.
In the context of the Transaction, Sycomore Corporate Finance acted as financial advisor to Dumont Investissement. The Transaction team comprised Alain Loeb, François Vigne, Jihane Kabouya and Maxime Bompard.