Natixis Partners advised Activa Capital on the sale of Alliance Etiquettes to Chequers Capital
On April 9 2021, Activa Capital completed the sale of a majority stake in Alliance Etiquettes to Chequers Capital. Activa Capital reinvested a minority stake alongside Chequers Capital and the management.
Founded in 2015 by Olivier Laulan and Activa Capital with the acquisition of Imprimerie Laulan, Alliance Etiquettes has shortly become one of the leading provider of high-end labelling solutions for premium segments. The group was built through an active buy-and-build strategy, with the integration of eight highly complementary acquisitions allowing to increase its territorial coverage, diversify its portfolio of clients and consolidate a highly fragmented market. The group's turnover and EBITDA have increased by more than 8x and 7x respectively over the past 5 years.
The Group now provides a complete range of high-quality and innovative labels, including traditional, adhesive and pewter labels. It serves a diversified, fragmented and loyal portfolio of more than 4,200 clients among the wine, spirits, food, industrial and cosmetics premium segments, with a differentiated positioning focusing on small and medium series with high value-added. With the support of Chequers Capital, the group intends to pursue its growth and further consolidate the French and European markets.
Natixis Partners acted as financial advisor to Activa Capital.