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Unigrains and Siparex Group
Unigrains and Siparex Group
Unigrains and Siparex Group announce a 13.1 M € Investment in Atlantic Management, STEF-TFE’s largest shareholder
Unigrains and Siparex Group, advised by Athema, accompany the STEF-TFE Group, European leader in cold chain logistics, for a capital reorganization of its largest shareholder, Atlantic Management (29 30% of capital), a structure majority owned by STEF-TFE managers. Atlantic Management, in association with the employees’ mutual fund and other structures held by STEF-TFE managers, exercise a management-led joint majority control over the STEF-TFE Group.
This operation aims at two goals: to associate long term financial investors to the development of the Group, and to preserve the present controlling majority. Unigrains invests € 9 million into Atlantic Management, where it joins the historical financial shareholder, the Siparex Group. The Siparex Group also increases its takes through its fund Siparex MidCap I (€ 3.3m) and the FCPR CERA (0.8 M €).
This operation is another example of Unigrain’s strategy of investing in key actors of the food sector in every field of this industry.
This operation demonstrates the long-term commitment of the Siparex Group to companies in its portfolio: in 2003, it invested in Atlantic Management along with the leaders of STEF-TFE. Since then, Siparex has always taken part in operations involving the capital of this structure, as it increased its stakes in 2006 and 2010.
STEF-TFE, the leading global operator in the temperature-controlled logistics European sector, achieved in 2010 a 2 057 M € turnover and a € 162.5 million EBITDA. It is listed on Eurolist Compartment B Euronext Paris.
