SCOTTO & ASSOCIÉS advises the management of IPH on the LBO acquisition of the group by PAI Partners
Firm Contacts
Isabelle Cheradame
+33 (0)1 83 92 38 38
icheradame@scottopartners.com
www.scottopartners.com
Claire Revol-Renié
+33 (0)1 83 92 38 78
crevol@scottopartners.com
www.scottopartners.com
Press Contact
Anne Bassi
+ 33 (0)1 40 46 07 27
+ 33 (0)6 08 86 77 07
a.bassi@sachinka.com
www.sachinka.com
Paris, 25 February 2013
SCOTTO & ASSOCIÉS advised the management of the IPH group on its fourth LBO. Held by Investcorp since 2006, the IPH group, acquired by PAI Partners, is the leader in French industrial supplies' distribution.
The group comprises a network of over 250 branches worldwide and nearly 3 300 employees. IPH made a turnover of €895 million in 2011.
SCOTTO & ASSOCIÉS (Isabelle Cheradame, Claire Revol-Renié, Aurore Suain and Tessa Parodi de Schonen,– Corporate - and our tax team) advised shareholding managers on the acquisition.
The number of shareholding managers rose from 60 to 100 at the outcome of the transaction. Led by Pierre Pouletty, the management team, in the wake of the 2011 and 2012 build-ups, is predominantly European comprising managers from France, Belgium, Holland, Romania and Germany.
Transaction Advisors:
Banks
Morgan Stanley for the buyers
Rothschild & Cie for the seller
Lawyers
SCOTTO & ASSOCIÉS for the management STC Partners (Tax) and Wilkie Farr & Gallagher (Corporate) for the buyers Landwell (Tax) and Gibson Dunn & Crutcher (Corporate)