Transaction

Clearwater advises Naxicap and Stéphane François on the structuring of a new buyout on Sodeprint (FP Pack, TPG Pack, Malengé) with a consortium of investors

Transaction

Naxicap sold FP Pack, TPG Pack, Malengé to Ouest Croissance, Bpifrance, and Capitem

Sell-side

Undisclosed

Role

Adviser to Naxicap on the sale of FP Pack Group to a consortium of investors

Sector

Industrial & Chemicals

Region

France

Clearwater has advised the shareholders of Sodeprint, a group specialising in the manufacture and conversion of cardboard and paper packaging for the food and premium industries, on a secondary buyout with Ouest Croissance, Bpifrance, and Capitem as lead investors.

Founded in 2017, Sodeprint operates three production facilities in France: the initial facility FP Pack, in Appoigny (Yonne), specialising in food packaging, the Malville facility (Loire-Atlantique) specialising in premium and food packaging, since the acquisition of TPG Pack in 2020, and more recently the Flers-en-Escrebieux facility (Nord), specialising in eco-responsible food and cosmetic paper packaging. Malengé has just joined Sodeprint, following its acquisition concomitantly to the buyout.

With expertise in all stages of cardboard and paper packaging manufacturing, the group designs, manufactures and delivers its products with PEFC and FSC certifications and the Imprim'Vert label. With 120 employees in 2022, Sodeprint generated a turnover of nearly €40m.

Sodeprint prints

I am very pleased to welcome our new investors, and at the same time Malengé who joins the group. This new step strengthens our position with our customers and partners who have trusted us for several years. It offers new prospects for product development with a stronger CSR commitment at each of our production sites.

Stéphane François, CEO, Sodeprint
Sodeprint prints

We are investing alongside Stéphane François, CEO of the Sodeprint Group since 2017, who has been able to maintain a high-performance industrial tool and lead external growth with the acquisition of TPG Pack in 2020. The acquisition of Malengé is strategic and brings new markets to the Sodeprint Group by focusing on packaging recyclability. Malengé represents a strong growth lever for Sodeprint.

Laurent Bodin, Executive Director, Ouest Croissance

The quality and positioning of the Group, combined with Stéphane François' desire to direct its development towards ecological innovations have impressed us. As a bank acting for climate, Bpifrance's objective is to help companies reduce their carbon impact and support them in their ecological transition.

Ronan Frefield, Investment Manager, Bpifrance

Clearwater is delighted to have worked for Naxicap and Stéphane François in this new buy-out for Sodeprint. The group formed by FP Pack, TPG Pack and Malengé is continuing its growth as ETI specialised in the manufacture of environmentally friendly packaging. This is already the second transaction for Clearwater in the carton packaging sector in 2023 after the sale of Buchmann to Weig.

Jonathan Bursztyn, Managing Director, Head of Packaging Practice, Clearwater

Advisers

405x543 Avalle PH
Pierre-Henri Avalle
Director +33 172 605 419 pierre-henri.avalle@clearwatercf.com