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NiXEN invests in French house builder Babeau Seguin

24 Nov 2011

Paris-based private equity firm NiXEN has agreed to buy a controlling stake in Babeau Seguin, a builder of single-family detached homes in north eastern France. Financial terms of the deal were not disclosed.

Babeau Seguin Group builds single family, affordable and environmentally friendly houses. With an order book of 1,500 homes, the group doubled its revenues during the 2005-2010 period to nearly €100m in 2010, the company said in a statement.

The company said it is looking to double its revenues over the next five years, based on the opening of new sales branches and a targeted external growth plan in order to enhance its local and regional market coverage through new acquisitions.

Pierre Rispoli, CEO of NiXEN Partners, said, “During the summer of 2011, as we were carefully monitoring possible changes in the Babeau Seguin Group’s ownership, we had the opportunity to work alongside [chairman] Bruno Babeau to sketch the outlines of a potential transaction that would provide liquidity to some shareholders while giving the group the resources to speed up its growth.

“Having successfully navigated the economic crisis in 2008-2009, the group has a remarkable growth and profitability profile that currently enables it to act as a cornerstone for growth in a consolidating industry. This consolidation could even accelerate if the economic environment were to deteriorate. With Bruno Babeau offering his support, we therefore proposed a balanced solution for the group’s financial partners,” he added.

In July NiXEN sold the Coventya Group to Barclays Private Equity. The company develops and supplies electroplating and surface treatment. It has a turnover of over €90m and operates in over 40 countries.

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