Concentro advises Toussaint on partial sale to Groupe Paredes Orapi

Munich/ Saarbrücken/ Luxembourg/LUX / Woustviller/FR / Lyon/FR — The French Groupe Pare­des Orapi (GPO) has acqui­red 100% of the shares in the opera­ting compa­nies of the Tous­saint Group in France (Tous­saint France) and Luxem­bourg (REDELUX) as well as the online store Propris­simo SAS. — Concen­tro Manage­ment AG provi­ded full support to the share­hol­ders of the Tous­saint Group in the course of the inter­na­tio­nal M&A process. 

The Jaro­li­meck family expan­ded the busi­ness of the German Tous­saint Group (N. Tous­saint & Co. GmbH), one of the three leading suppli­ers of profes­sio­nal hygiene and clea­ning products in Germany, to France back in 1981 and deve­lo­ped a successful Euro­pean group of compa­nies in the 1990s and 2000s through further stra­te­gic acqui­si­ti­ons and start-ups in France and Luxem­bourg. Today, with two subsi­dia­ries, five logi­stics loca­ti­ons and around one hundred employees in north-eastern France and Luxem­bourg, the group is one of the largest regio­nal suppli­ers of profes­sio­nal clea­ning and hygiene products, clea­ning machi­nes and equip­ment and asso­cia­ted services. 

Pare­des was foun­ded in 1942 in Villeur­banne, France, and has specia­li­zed in profes­sio­nal hygiene products and services ever since. Orapi has been active on the French hygiene and disin­fec­tion market since 1968 and is known for its wide range of products from clea­ning chemi­cals and disin­fec­tion solu­ti­ons to main­ten­ance services. At the begin­ning of 2024, Pare­des acqui­red a majo­rity stake in Orapi. The resul­ting Groupe Pare­des Orapi, head­quar­te­red near Lyon, has around 1,500 employees (1,200 of whom are in France) and the largest inte­gra­ted hygiene provi­der in France with a total turno­ver of around EUR 450 million .

With the take­over, GPO secu­res important market shares to further expand its market leader­ship in France and also gains access to the Luxem­bourg market. The group of compa­nies will conti­nue with Julian Jaro­li­meck as mana­ging direc­tor of the group, who will be retai­ned along with all employees in France and Luxem­bourg. The names Tous­saint and Rede­lux, which have been estab­lished in the market, will be retained. 

The German acti­vi­ties rela­ting to N. Tous­saint & Co. GmbH (with its various subsi­dia­ries) are not part of the tran­sac­tion and will be further deve­lo­ped in Germany in the future with a high level of commit­ment from the Jaro­li­meck family. In the future, a stra­te­gic coope­ra­tion between the compa­nies N. Tous­saint and Pare­des at Euro­pean level is also planned. 

“Both groups focus on high-quality and inno­va­tive hygiene and clea­ning solu­ti­ons and we are ther­e­fore deligh­ted to have found the perfect part­ner in GPO, who shares our values,” says Jürgen Jaro­li­meck. “We are very proud of the path we have trave­led in France and Luxem­bourg over the past 40 years and look forward to the further joint acti­vi­ties of both groups. In addi­tion, toge­ther with N. Tous­saint and the employees in Germany, we have great ambi­ti­ons to further deve­lop TOPSERV on the German market,” conti­nues Liane Jarolimeck. 

Fran­çois Thuil­leur, CEO of Groupe Pare­des Orapi, is deligh­ted about “the great addi­tion of the Tous­saint compa­nies in France and Luxem­bourg,” and “we are expan­ding our family-run group of compa­nies to include a market player — also family-run — with the same values, a first-class repu­ta­tion and high-quality products and services. In addi­tion, we are conso­li­da­ting our market posi­tion as number 1 in France and at the same time expan­ding into the lucra­tive Luxem­bourg market with the acqui­si­tion of the second largest provider.”

Lars Werner, Part­ner, and Phil­ipp Goller, Senior Project Mana­ger, at Concen­tro Manage­ment AG, add: “We would like to thank the Jaro­li­meck family for their trust, GPO for the cons­truc­tive and plea­sant coope­ra­tion and the advi­sory teams on the seller and buyer side for their focu­sed approach. Conclu­ding a trans­na­tio­nal deal with four French and one Luxem­bourg company within such a short period of time requi­res a high level of commit­ment at all levels and cons­truc­tive coope­ra­tion on an equal footing.”

Liane Jaro­li­meck also empha­si­zes the close and successful coope­ra­tion in this project: “We would like to thank the entire Concen­tro team for their great support. We have always found their advice to be extre­mely compe­tent, commit­ted and trustworthy.”

A team from Groupe FIBA and FIDAL Avocats (both from France) provi­ded legal/tax advice on the seller side of the transaction.
Groupe Pare­des Orapi was advi­sed on the tran­sac­tion by a multi­di­sci­pli­nary team from BDO, Akilys Avocats and the Hardis Group.

Advi­sor Jaro­li­meck family, Tous­saint Group: Concen­tro Manage­ment AG, Munich

Lars Werner (Mana­ging Part­ner), Phil­ipp Goller (Senior Project Mana­ger), Sönke Storm (Project Mana­ger), Fabi­enne Frech (Consul­tant), Niels Venus (Consul­tant)

Siège social de FIBA: Frédé­ric Wagner, Arnaud Vezy, Marie Flesch

FIDAL Avocats: Clarisse Vidal

Concen­tro Manage­ment AG is a medium-sized consul­ting company specia­li­zing in corpo­rate deve­lo­p­ment, tran­sac­tions (corpo­rate finance/M&A consul­ting) and turn­arounds. With over 40 employees at four loca­ti­ons in Germany, Concen­tro works in an imple­men­ta­tion and success-orien­­ted manner. The aim is to gene­rate added value for the custo­mer through an indi­vi­dual consul­ting service. — www.concentro.de