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The founders of the Ateliers de France group, specialist in heritage restoration and high-end decorative crafts, along with 150 employees, bought their company from three private equity companies, they announced on Monday.
“IDI, Raise Invest and Tikehau Capital announce the sale of their majority stake in the Ateliers de France Group (...) to a round table led by the founders and directors who, accompanied by 150 managers and employees, become majority shareholders of the group,” is detailed in a joint press release, which does not specify how much this transaction amounted to.
Bpifrance, also a “historic shareholder”, has sold the stake held by its Cultural and Creative Industries division, but is entering the capital again “via its Large Cap teams”, indicates the press release, without specifying whether the share remains the same. A “North American investor” also took a stake in the company on this occasion.
Founded in 2000, Ateliers de France claims to be “the world leader in high-end decorative finishing work”. It brings together “50 craft houses” working in eight areas, including decorations, stone and marble, metal and wood.
The company with 2,300 employees - 80% of whom are highly qualified craftsmen - has for example carried out restoration and decoration projects in emblematic French buildings such as the Eiffel Tower, Notre-Dame de Paris or the Hôtel de la Marine. . But also internationally (White House, National Gallery), where it now generates 50% of its turnover.
Since the entry into its capital in 2017 of IDI, Raise Invest and Tikehau Capital, Ateliers de France had adopted an “ambitious policy of external growth”, via 22 acquisitions, which since 2020 has resulted in “regular growth by almost 30% per year, says the press release.
“With a tripling of size and the implementation of a dynamic external growth strategy, we are delighted to have supported Antoine Courtois and his teams in this change in scale of the Ateliers de France group,” welcomed Marco de Alfaro of the 'IDI.
“Thanks to our new shareholders and our pool of senior lenders who have been loyal for 20 years, Ateliers de France will be able to continue its adventure in France and abroad with serenity,” welcomed Mr. Courtois, president of the group.
