Scotto Partners advises Vinventions’ management team in L-Gam’s acquisition of a majority stake
Scotto Partners advises Vinventions’ management team
in L-Gam’s acquisition of a
Leading provider of wine closure solutions Vinventions, a family-owned group also backed by minority stake-holding fund Bespoke Capital Partners, is being taken over by the Luxembourg fund L-GAM, who will take control of the group alongside the historical shareholder. The transaction also includes a reinvestment by the managers led by Denis Van Roey, CEO of the group.
Founded in 2015, Vinventions has more than 550 employees across eight production sites in the United States, Belgium, Germany, France, Italy, Argentina, South Africa and China. The group, which already secures the closure of one in seven bottles of wine sold worldwide, is seeking to become the most innovative, sustainable and trusted supplier in its sector, while staying true to its guiding principles: proximity to its customers, empowerment and entrepreneurship, teamwork, innovation, sustainable development and long-term responsibility.
As a result of the transaction, Patrick Mathieu will become the new non-executive Chairman of Vinventions. Currently CEO of Armacell, he will bring to the board over 30 years of experience in leading global industrial organizations.
Denis Van Roey, CEO of Vinventions, says: "This transaction offers a unique opportunity for our team to partner with L-GAM and Patrick Mathieu, highly experienced professionals who will support, together with our historical and faithful partners, an ambitious growth strategy built around our culture of innovation, sustainability and performance, while staying true to our company values."
Scotto Partners acted as counsel to the managers with a team composed of Isabelle Cheradame (partner) assisted by Charles Escolier as to corporate aspects, as well as Jerôme Commercon (partner) assisted by Julien Pardieu and Loïc Pipaud as to tax aspects.
Other legal advice:
L-GAM was advised by McDermott Will & Emery. Allen & Overy advised the founders, the Noël Group.