Clearwater advises the founders of Cogepart, Omnes Capital and A Plus Finance on a minority sale to Bpifrance, together with Amundi Private Equity Funds and Sofipaca

Transaction

Omnes Capital and A Plus Finance sold a minority stake in Cogepart to bpi france, Amundi, Sofipaca

Sell-side

Undisclosed

Role

Adviser to the shareholders of Cogepart on the restructuring of its capital

Sector

Business Services

Region

France & Belgium

Clearwater has advised the shareholders of Cogepart Group (Cogepart) on the restructuring of its capital. Bpifrance, together with Amundi Private Equity Funds (PEF) and Sofipaca, replace Omnes Capital and A Plus Finance as minority shareholders in Cogepart, alongside Jérôme Dor, the majority shareholder who has been managing the Group since its creation, and its management team.

Founded in 1986, Cogepart is a French leading player in the booming last mile delivery market. Cogepart has developed unique expertise in the very demanding automotive spare parts delivery segment and is a key partner for food supermarkets, household equipment and appliances retailers as well as major e-commerce companies. The company, operating in both urban and rural areas, employs more than 1,900 people, and generates a total revenue of €120m.

This investment will help Cogepart to support its ambitious growth plan, both in France and abroad, undertaken by its Chairman, Jérôme Dor.

The volume of our activity has tripled over the last five years since the investment of Omnes Capital. Today, we have the ambition to continue to grow the business in France and abroad, beyond Belgium, Luxembourg and southern Germany where we already operate; but also to make our vehicle fleet 100% carbon-free by 2025. Finally, we aim to make Cogepart a socially responsible company organised around a premium service. These objectives are dictated by our willingness to provide all our customers with a unique operational experience wherever they are. Continuing the story of the group I created in 1986 together with three well-known institutions, having a long-term vision and international experiences, is a guarantee of success. Opening the equity to the key managers is also an additional strength and contemporary recognition.”
Jérôme Dor, Chairman and majority shareholder of Cogepart

Bpifrance is very pleased to support Cogepart, a group both socially and environmentally responsible with the strong objective of becoming a carbon-neutral fleet by 2025, in accelerating its growth in France and internationally, particularly through future build-ups.
Stanislas Panhard, Expansion Capital Director of Bpifrance

We are delighted to support Cogepart and its founder Jérôme Dor, who places sustainable development at the heart of the group's challenges. The density of its network in France, Benelux and other border countries, along with its operational excellence, make Cogepart a key and strategic player that is perfectly positioned to continue its strong organic and external expansion.
Claire Chabrier, Associate Director of Amundi PEF

We are proud to have supported Cogepart and Jérôme Dor for more than 15 years in its transition to become a leading player in the last-mile delivery market with a revenue multiplied by ten over the period. Our main goal with Jérôme Dor was to select investors able to support the group in its national and international growth. We are very pleased that Cogepart will be able to continue its growth in a dynamic market.
Clearwater

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