Wendlingen\/ Valken\u00adswaard (NL) \u2014 The Wend\u00adlin\u00adgen am Neckar-based CF Group, the second largest swim\u00adming pool manu\u00adfac\u00adtu\u00adring and equip\u00adment company in Europe, acqui\u00adres the Dutch Star\u00adline Group (\u201cStar\u00adline\u201d). Both compa\u00adnies announ\u00adced today the closing of the tran\u00adsac\u00adtion. CF Group thus increa\u00adses its sales by more than 12 percent and opens up new custo\u00admer segments in the Bene\u00adlux market. In line with the contin\u00adued rapid and successful growth and the still very promi\u00adsing outlook for CF Group, Cr\u00e9dit Mutuel Equity is inves\u00adt\u00ading addi\u00adtio\u00adnal capi\u00adtal in the company. Cr\u00e9dit Mutuel Equity is the inter\u00adna\u00adtio\u00adnal direct invest\u00adment company of Cr\u00e9dit Mutuel Alli\u00adance F\u00e9d\u00e9\u00adrale and has alre\u00adady accom\u00adpa\u00adnied CF Group as an active mino\u00adrity share\u00adhol\u00adder since the merger with FIJA in 2019.<\/p>\n
Based in Valken\u00adswaard, the Nether\u00adlands, Star\u00adline Group has been deve\u00adlo\u00adping, desig\u00adning, manu\u00adfac\u00adtu\u00adring and distri\u00adbu\u00adting private swim\u00adming pools, pool covers and various pool equip\u00adment products since 1973, with a clear focus on the luxury segment. With eight brands, the company is mainly active in the Bene\u00adlux count\u00adries and exports its products to 13 other count\u00adries. With more than 130 employees and five produc\u00adtion sites in the Nether\u00adlands, Belgium and the United King\u00addom, Star\u00adline 2021 gene\u00adra\u00adted sales of nearly 50 million euros.<\/p>\n
CF Group was formed in 2019 by the merger of two family-owned compa\u00adnies, Chemo\u00adform (Germany) and FIJA (France), and has posi\u00adtio\u00adned itself as one of the leading compa\u00adnies in the manu\u00adfac\u00adture and distri\u00adbu\u00adtion of equip\u00adment for private and public swim\u00adming pools and consu\u00adma\u00adbles for water treat\u00adment. The company is repre\u00adsen\u00adted in more than 40 count\u00adries with 15 brands and twelve produc\u00adtion and logi\u00adstics sites.<\/p>\n
With the acqui\u00adsi\u00adtion of Star\u00adline, CF Group is expan\u00adding its posi\u00adtion on the Belgian, Dutch and British markets and streng\u00adthening its swim\u00adming pool cover busi\u00adness in parti\u00adcu\u00adlar. Star\u00adline gene\u00adra\u00adtes more than half of its sales in this busi\u00adness area and has excel\u00adlent product know-how and exten\u00adsive market know\u00adledge in this market segment. CF Group and Star\u00adline Group expect the tran\u00adsac\u00adtion to create signi\u00adfi\u00adcant growth oppor\u00adtu\u00adni\u00adties in cross-selling as well as poten\u00adtial for effi\u00adci\u00adency gains in sourcing. Star\u00adline CEO Victor de Vries will take a stake in the tran\u00adsac\u00adtion in order to parti\u00adci\u00adpate in its further development.<\/p>\n
Cedrik Mayer-Klenk, CEO of Chemo\u00adform AG<\/strong>, said: \u201cWith this tran\u00adsac\u00adtion, we are conti\u00adnuing our successful growth stra\u00adtegy of ente\u00adring new markets or addi\u00adtio\u00adnal distri\u00adbu\u00adtion chan\u00adnels by acqui\u00adring comple\u00admen\u00adtary compa\u00adnies or long-stan\u00adding coope\u00adra\u00adtion part\u00adners. Toge\u00adther with Star\u00adline, we are moving into a new order of magni\u00adtude. The basis for this step in the company\u2019s deve\u00adlo\u00adp\u00adment is our dyna\u00admic orga\u00adnic growth over the past three years and the support of Cr\u00e9dit Mutuel Equity, which contri\u00adbu\u00adted equity, market exper\u00adtise and profes\u00adsio\u00adnal advice on M&A processes.\u201d<\/p>\n S\u00e9bas\u00adtien Neiss, Mana\u00adging Direc\u00adtor of Cr\u00e9dit Mutuel Equity in Germany<\/strong>Since our invest\u00adment almost three years ago, CF Group has grown orga\u00adni\u00adcally by around 30 percent and has signi\u00adfi\u00adcantly conso\u00adli\u00adda\u00adted its posi\u00adtion in the top three swim\u00adming pool equip\u00adment suppli\u00aders in Europe. We are of course happy to conti\u00adnue to accom\u00adpany this success story and are incre\u00adasing our invest\u00adment for the second time since our invest\u00adment in 2019 in order to use it to support projects such as the acqui\u00adsi\u00adtion of Star\u00adline. As an inves\u00adtor that exclu\u00adsi\u00advely invests equity from our banking group, we have the oppor\u00adtu\u00adnity to accom\u00adpany our port\u00adfo\u00adlio compa\u00adnies for as long as we wish and to let our invest\u00adment grow along with the company.\u201d<\/p>\n Advi\u00adsor to the transaction:<\/strong><\/p>\n For the CF Group<\/strong> For Star\u00adline<\/strong> About CF Group About Cr\u00e9dit Mutuel Equity At Cr\u00e9dit Mutuel Equity, the focus is on the rela\u00adti\u00adonship and close coope\u00adra\u00adtion between the expe\u00adri\u00aden\u00adced invest\u00adment team and the execu\u00adti\u00adves in the port\u00adfo\u00adlio compa\u00adnies. With the long-term perspec\u00adtive of a fund-inde\u00adpen\u00addent \u201cever\u00adgreen\u201d approach, the company has alre\u00adady been successful for 40 years.<\/p>\n Cr\u00e9dit Mutuel Equity curr\u00adently has around 3 billion euros of equity inves\u00adted, and its port\u00adfo\u00adlio consists of around 300 compa\u00adnies. Since 2016, the company has expan\u00added its acti\u00advi\u00adties to Canada (Mont\u00adreal and Toronto), USA (New York and Boston), Germany (Frank\u00adfurt) and Switz\u00ader\u00adland (Geneva and Zurich). www.creditmutuel-equity.eu<\/p>\n About Cr\u00e9dit Mutuel Alli\u00adance F\u00e9d\u00e9rale<\/strong><\/p>\n Cr\u00e9dit Mutuel Alli\u00adance F\u00e9d\u00e9\u00adrale is one of Fran\u00adce\u2019s leading banks with more than 75,000 employees serving 26.7 million custo\u00admers. With a network of around 4,300 bran\u00adches, Cr\u00e9dit Mutuel Alli\u00adance F\u00e9d\u00e9\u00adrale offers a compre\u00adhen\u00adsive range of services for private custo\u00admers, the self-employed and compa\u00adnies of all sizes. As one of Euro\u00adpe\u2019s leading banking groups, its equity amoun\u00adted to EUR 53.2 billion and its CET1 ratio was 18.8% as of Decem\u00adber 30, 2021.<\/p>\n The Cr\u00e9dit Mutuel Alli\u00adance F\u00e9d\u00e9\u00adrale is compo\u00adsed of the Cr\u00e9dit Mutuel sub-asso\u00adcia\u00adti\u00adons Centre Est Europe (Stras\u00adbourg), Sud-Est (Lyon), Ile-de-France (Paris), Savoie-Mont Blanc (Annecy), Midi-Atlan\u00adtique (Toulouse), Loire-Atlan\u00adtique and Centre Ouest (Nantes), Centre (Orl\u00e9\u00adans), Normandy (Caen), Dauphin\u00e9-Viva\u00adrais (Valence), M\u00e9di\u00adter\u00adra\u00adn\u00e9en (Marseille), Anjou (Angers), Massif Central (Cler\u00admont-Ferrand), Antil\u00adles-Guyane (Fort-de-France) and Nord Europe (Lille).<\/p>\n Cr\u00e9dit Mutuel Alli\u00adance F\u00e9d\u00e9\u00adrale also includes Caisse F\u00e9d\u00e9\u00adrale de Cr\u00e9dit Mutuel, Banque F\u00e9d\u00e9\u00adra\u00adtive du Cr\u00e9dit Mutuel (BFCM) and all its subsi\u00addia\u00adries, inclu\u00adding CIC, Euro-Infor\u00adma\u00adtion, Assu\u00adran\u00adces du Cr\u00e9dit Mutuel (ACM), Targ\u00adobank, Cofi\u00addis, Banque Euro\u00adp\u00e9\u00adenne du Cr\u00e9dit Mutuel (BECM), Banque de Luxem\u00adbourg, Banque Trans\u00adat\u00adlan\u00adtique and Homi\u00adris. www.creditmutuelalliancefederale.fr<\/p>\n","protected":false},"excerpt":{"rendered":" Wendlingen\/ Valken\u00adswaard (NL) \u2014 The Wend\u00adlin\u00adgen am Neckar-based CF Group, the second largest swim\u00adming pool manu\u00adfac\u00adtu\u00adring and equip\u00adment company in Europe, acqui\u00adres the Dutch Star\u00adline Group (\u201cStar\u00adline\u201d). Both compa\u00adnies announ\u00adced today the closing of the tran\u00adsac\u00adtion. CF Group thus increa\u00adses its sales by more than 12 percent and opens up new custo\u00admer segments in the [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":45598,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369,1377],"tags":[],"class_list":["post-45600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-corporate-finance-ma","news-category-private-equity-news-en"],"yoast_head":"\n
\nM&A: Alan\u00adtra<\/strong> (Wolf\u00adram Schmerl, Dr. Sven Harm\u00adsen, Lode\u00adwijk Sodder\u00adland, Patrick Bobak)
\nFunding: Alan\u00adtra (Robert von Fincken\u00adstein, Phil\u00adipp Holst)
\nLegal: Heuking K\u00fchn L\u00fcer Wojtek<\/strong> (Rainer Hersch\u00adlein, Bene\u00addikt Raisch), Kullen M\u00fcller Zinser (Dr. Andreas Beyer)<\/p>\n
\nM&A: Roth\u00adschild & Co<\/strong> (Bastiaan Vaand\u00adra\u00adger, Fabien Lenoir, Pierre Scho\u00adon\u00adbrodt, Tim Snelders)<\/p>\n
\n<\/strong>
\nCF Group is a leading Euro\u00adpean company for swim\u00adming pool tech\u00adno\u00adlogy, main\u00adten\u00adance and water treat\u00adment. The company was formed by the merger of Chemo\u00adform AG, foun\u00added in Wend\u00adlin\u00adgen (Germany) in 1962, and the FIJA Group, foun\u00added in Br\u00e9c\u00e9 (France) in 1975. With its multi-brand port\u00adfo\u00adlio, CF Group covers the entire spec\u00adtrum from cons\u00adtruc\u00adtion, equip\u00adment and main\u00adten\u00adance to clean\u00adli\u00adness, hygiene and care of private and public pools. The group employs more than 1,000 people, opera\u00adtes in more than 40 count\u00adries world\u00adwide and gene\u00adra\u00adtes sales of more than 300 million euros annu\u00adally. www.chemoform.com<\/p>\n
\n<\/strong>
\nCr\u00e9dit Mutuel Equity bund\u00adles the inter\u00adna\u00adtio\u00adnal direct invest\u00adment busi\u00adness of the French banking group Cr\u00e9dit Mutuel Alli\u00adance F\u00e9d\u00e9\u00adrale. The subsi\u00addiary offers medium-sized compa\u00adnies solu\u00adti\u00adons in all areas of equity financing.<\/p>\n