Transaction

Clearwater advises the shareholders of Cyb Stores Group on the sale of a minority stake in Socadif

Transaction

Cyb Stores sold a minority stake to Socadif

Sell-side

Undisclosed

Role

Adviser to the shareholders of Cyb Stores on the sale of a minority stake in Socadif

Sector

Business Services

Region

France & Belgium

Clearwater has advised the shareholders of Cyb Stores Group (Cyb Stores) on the structure of a primary LBO transaction, sponsored by Socadif and its key managers, to accelerate its development both organically and through external growth.

Cyb Stores specialises in solar shading systems mainly for office spaces in the region of Paris , Brittany, Pays de Loire, and also in the Bordeaux and Nice areas where the Group has developed recently. Solar shading systems include interior and exterior blinds and all the equipment covering the management and control of energy costs in offices.

For almost ten years, Cyb Stores has had the desire to control the whole supply chain, from manufacturing to installation, the latter being carried out by the company’s means. The design office is also behind many inventions, which focus on improving and facilitating the adoption of the proposed solutions and on always delivering greater reliability and a custom-made service.

Through Technostor-LJM, its B2C subsidiary, Cyb Stores is also active in the individual customer market in the Grand-Ouest region of France in Brittany, Pays de Loire.

The shareholders’ ambition is to increase the Group’s revenue from €20m to over €35m in the next couple of years, by strengthening each of the historical activities and through a larger national coverage. The transaction also aims at including the top management in the capital to meet their expectation and confirm their implication in the group’s development.

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We are delighted to go hand in hand with Christophe Besson and Frédéric Sarah in this new step for the Cyb Stores Group. Beyond the sturdiness of the integrated business model, we’ve been impressed by the founders’ ability to unite a team around a common project. We’re eager to accompany them in this ambitious business plan.

Samya Gangletas, Investment Principal at Socadif
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My associate, Frédéric Sarah and I are thrilled to start working with new partners who have been financially involved in the project alongside Socadif. This new five-year adventure will enhance our leadership position in the French blinds’ market. We’re glad to have met Samya Gangletas and her teammates, who are an attentive, respectful and very dedicated investor team.

Christophe Besson, CEO, Cyb Stores

Undertaking a managerial transaction is a huge leap into the unknown. Emmanuel Xerri from Clearwater reassured us, and thanks to his explanations has helped us to grasp the stakes of such a transaction. The 12 months of work with him and Jérémy Zeller was made easier thanks to their listening and permanent presence by our side.

Christophe Besson, CEO, Cyb Stores

This transaction turns the will of the shareholders into reality to involve all key managers, private and institutional investors, in order to help the group in its future development. We’re glad we were able to contribute to this new adventure for them.

Clearwater

Transactions