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Activity :
Industry

Customer :
Opticia

Acquirer :
Its managment

Advice :
Shamir Razavhoussen

About Largillière Finance

With offices in Paris, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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LBO/MBO/OBO - 2021

MBO OF OPTICIA GROUP

The investment bank Largillière Finance is assisting Opticia Group, a major player in the sale of eyewear and optical products in Guadeloupe, in the transfer of the company to its management, the brothers Benjamin and Mathieu Austernaud. Largillière Finance was chosen for technical expertise in carrying out similar MBO transactions and its specific expertise in overseas France. The investment bank specialising in small and mid-cap compagnies thus signs its second deal of the year in the region and demonstrates its desire to continue its action (aimed at creating ever more opportunities for entrepreuneurs) in the overseas markets.

The work of the experts at Largillière Finance consisted in structuring the entire transaction between Mathieu and Benjamin Austernaud (the latter having been within the group for more than 10 years) and Azouz Aga, the seller and historical founder of Opticia. The two managers, newly appointed, wish to continue the development of Opticia.

One of the major challenge for Largillière Finance was to obtain financing for the operation, given the reluctance of banks to enter the optical sector, a particulary competitive market in Guadeloupe.

The local expertise of Largillière Finance also proved crucial on the more technical aspects, as the company is made up of five shops owned by three separate companies. Finanly, the overseas clients benefited from all the confidentiality by the support of an external advisor, especially off-site...

 

About Opticia
Created more than 25 years ago, Opticia is one of the main brands in Guadeloupe for the sale of glasses and optical products. The company has six of its own sales outlets, ideally located in busy areas, in order to ensure a network of the whole territory. It is distinguished by services adapted to the local market : marketing, services of a mobile optician at home, commercial offers and products.

 

Stakeholders

Target Opticia
Buyer Benjamin and Mathieu Austernaud
M&A Advisor : Largillière Finance Shamir Razavhoussen
Legal Advisor Fidal
Accounting Advisor : Kea Experts Alexandre Kalil
Funding : BRED Banque Populaire Camille Carton, Régine Lacave
Securing Bpifrance

Azouz Aga, Transferor :

“I am proud to hand over my group to Benjamin and Mathieu Austernaud who have been with me for several years. As the natural buyers of Opticia, they are also the guarantors of its development and the systainability of its activities. A big thank you to Largillière Finance and its teams who made this great operation possible. We chose Largillière Finance in particular for its expertise in overseas operations, with the assurance that its experts would ensure that we were offered the best prospects.”

Benjamin and Mathieu Austernaud, Buyers :

“We are very excited to take over Opticia and to continue the developments initiated by Azouz Aga. The involvement of Largillière Finance was crucial to the success of this operation. The team managed all stages of transaction from A to Z, advising us on the best options at each stage.”

Shamir Razavhoussen, Associate at Largillière Finance :

“We are very pleased with the confidence shown by the managment of Opticia, one of the main optical companies in Guadaloupe, in entrusting us with the managment of its transfer operation. This new successful transaction confirms Largillière Finance’s expertise in the French overseas territories and our strong desire to support the shareholder managers of SMEs and SMIs in the French overseas territories in their quest for new prospects in their market.”

With more than 20 employees, a strong international presence and nearly 30 operations in 2020, Largillière Finance is ranked as the leading small cap investment bank in France:

2021 – Fusions & Acquisitions – Opérations Small Cap – Banque d’affaires – France 2021 – Capital investissement – Opérations LBO Small Cap – Banque d’affaires – France Silver Award 2021 “High-Tech & Healthcare” category “Distribution, Consumer Goods, Personal Services” category “Advisory firm: Positive growth” category

About Largillière Finance

With offices in Paris, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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