and Sofigalva acquired
October 4th, 2022
Natixis Partners advised the consortium ZINQ France and SOFIGALVA on the joint acquisition of France Galva
ZINQ France and SOFIGALVA have jointly acquired 100% of the shares of France Galva, a company owned since 2008 by Hill & Smith. As a leading player in surface treatment services in France, France Galva provides hot-dip galvanisation services as well as painting and powder-coating of galvanized steel. In addition, the Group produces and distributes lamp posts and public lighting columns. France Galva operates ten sites across France, employing approximately 680 people. In 2021, the Group achieved a turnover of 92.8 million euros. ZINQ France is the French subsidiary of the German group ZINQ, the European leader in hot-dip galvanisation and anti-corrosion treatments, operating through 50 plants across Europe. SOFIGALVA, a newly incorporated entity for the purpose of the acquisition, is majority owned by Christophe Delot, the current President of the Board of Directors and the Managing Director of France Galva. Following the transaction, the scope of France Galva will be split between the two acquirers, allowing ZINQ to become the leader in hot-dip galvanisation in France. Natixis Partners has also advised the buyers in raising financing from a pool of banks and Trocadero Capital Partners. The pool of banks is composed of Banque Populaire Bourgogne Franche-Comté, Caisse d'Epargne Bourgogne Franche-Comté, Crédit Agricole Champagne-Bourgogne, LCL and Société Générale.