Equistone Partners Europe has agreed to acquire Bruneau, a French online distributor of office furniture and supplies. The seller is Weinberg Capital Partners. No financial terms were disclosed.
Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity investors, today announces that it has entered into exclusive negotiations with Weinberg Capital Partners (“Weinberg”) for the acquisition of Bruneau (“the Group”). The transaction remains subject to regulatory approval and consultation with employee representative bodies.
Bruneau is one of France’s leading online distributors of office furniture and supplies. Founded over 60 years ago, the Group offers a wide range of products for all professionals. Based in Villebon-sur-Yvette, Bruneau employs approximately 750 people and generated sales of €312 million in 2016.
Grégoire Châtillon and Grégoire Schlumberger, Partners at Equistone Partners Europe, commented: “We were attracted to Bruneau by the strength of its business model and the quality of its management team. We are looking forward to supporting further development of the Group’s core business, as well as to considering other market segments and strengthening its international presence.”
Nicolas Potier, CEO of Bruneau, added: “We would like to thank Weinberg Capital Partners for its support and guidance during its investment period and are now very much looking forward to partnering with Equistone. We will benefit greatly from Equistone’s European network and ability to support our organic and acquisitive growth.”
Philippe Klocanas, Partner at Weinberg Capital Partners, said: “In two years, Bruneau has grown its operations in France and Belgium while improving its profitability. I am confident in the team’s ability to continue on this path.”