Solutions Tertiaires

France SC Fund I Dec 1999
Third largest office furniture manufacturer in France
Facts
Company Name:Solutions Tertiaires
Location:France
Sector:Office furniture
Date of investment:December 1999
Date of exit:April 2005
Deal Type:MBI, turnaround
Syntegra Role:Co-Investor

business description

  • Third largest office furniture manufacturer in France with two major brands Atal and ArfĂ©o
  • Arfeo sells through its wholly owned regional branches, directly to key accounts and through independent franchised and non-franchised distributors. Arfeo/Atal is considered a good platform to participate in the ongoing consolidation in this industry

transaction strategy

  • Solutions Tertiaires was an interesting special situation case in a recovering market
    • Buy-in-manager with excellent turnaround track record gained in various industrial sectors
    • Strategy to turn Atal around, develop synergies between two business units and regain market share