Transaction

Clearwater advises the shareholders and managers of Mariton Group on a majority stake acquisition by management, backed by BNP Développement and two historical investors, Bpifrance and Sofipaca

Transaction

Mariton Group - Roche Habitat on a secondary LBO with BNP Développement, Bpifrance and Sofipaca

Sell-side

Undisclosed

Role

Adviser to the shareholders of Mariton Group on its sale to BNP Développement, Sofipaca and BPI

Sector

Industrial & Chemicals

Region

France & Belgium

Clearwater has advised the shareholders and managers of Mariton Group (Mariton and Roche Habitat), a leading designer and manufacturer of custom insect, pollen, and sun protection products, on a minority buyout transaction led by BNP Développement, alongside two long-standing investors of the group, Bpifrance and Sofipaca. This transaction allows the capital transmission of the group to continue, initiated by Connect Pro in 2018 with Sabine Mariton and her management team.

Headquartered in Saint-Chamas, France, Mariton Group boasts a workforce of 100 across two production sites, Mariton in Saint-Chamas in district 13, and Roche Habitat in Genas district 69, with a projected revenue of over €25m in 2023.

Under the leadership of its CEO, Sabine Mariton, supported by Connect Pro as lead investor, the group has doubled its revenue since 2018, becoming one of the leading players in France’s custom insect, pollen, and sun protection products. With strong brand recognition, first established 70 years ago and its historical leadership position in the French mosquito net and interior blind markets, the group has expanded its product range to include outdoor and indoor blinds.

The acquisition of Roche Habitat in 2022 was transformative, allowing the group to offer a complete range of outdoor products including awnings, blinds, and pergolas, while strengthening its territorial presence.

Positioned in a premium segment, Mariton Group differentiates itself from the competition through a focus on customer satisfaction and making life easier for installers and fitters. This is achieved through product design for easy and long-lasting installation, with an in-house design office, the development of efficient digital tools including the Mariton app, close customer relationships, responsiveness, and flexibility.

The arrival of BNP Développement, alongside Bpifrance and Sofipaca, as part of Connect Pro’s exit, allows Sabine Mariton and her team to become the majority shareholders, while providing the group with the means to execute its ambitious development plan. This includes accelerating its commitment to future challenges, particularly by implementing a CSR strategy at all levels of the company, including the group's commitment to the Climate Pledge and the goal of obtaining the Ecovadis Gold label by 2024. Additionally, the group aims to invest in innovation to offer cutting-edge products and services, while playing a key role in market consolidation by targeting companies with complementary geographical coverage, a focus on outdoor products, and innovative solutions for insect, pollen, and sun protection.

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I am truly delighted to have BNP Paribas Développement's alongside us as a shareholder and continuing the journey with BPI and Sofipaca. I am proud to take a majority stake in the family group with the support once again of my team of managers. Over the last five years, with Connect Pro, Bpifrance, and Sofipaca, we have undertaken ambitious projects such as the acquisition of Roche Habitat, which now enables us to offer a comprehensive range of sun and insect protection solutions to our customers. With the support of our investors, we will continue our growth, always focusing on product and service innovation for our clients, with a responsible and positive commitment to the climate.

Sabine Mariton, President, Mariton Group
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We are proud having facilitated the family succession of Mariton in 2018 with Yves and Sabine Mariton. Our involvement, with the support of Sofipaca and Bpifrance, has led to a remarkable growth story, elevating the company to a prominent position as a market leader, notably through the transformative acquisition of Roche Habitat in 2022. We are delighted that the family and regional legacy continues today, five years later. It is in Connect Pro's DNA to enable SMEs to establish themselves and prosper in the region.

Damien Garau, CEO, Connect-Pro

The team at BNP Paribas Développement are delighted to support the project led by Sabine Mariton and her team. As the majority shareholder now, Sabine aims to continue her ambitious growth strategy while making a positive impact on her surroundings.

Luc Pascal, Investment Director, BNP Développement

Investing in the company since 2018, we are delighted to renew our support for Sabine Mariton and her team, who are now the majority shareholders. We were impressed by this project, led by a dynamic and ambitious team, which aligns perfectly with our values and commitments.

Marc Andrieu, Investment Director, Bpifrance

Continuing the family legacy alongside Sabine Mariton and her management team is a source of great pride for Sofipaca. Our presence in the capital for this second transaction once again reflects our commitment to supporting the growth of local businesses.

Paul Tabourin, Investment Director, Sofipaca

We are proud to have supported Mariton Group in this new stage of its development. The support of Connect Pro and Sofipaca will enable the company to accelerate the growth strategy led by the management.

Clearwater

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