Paris, 28 February 2007 – The funds managed by Apax Partners France, including Altamir and Amboise Investissement, have acquired a minority stake in the Royer Group, alongside the group's founders, Jacquesand Alain Royer.
Apax Partners' investment will allow the Royer Group to accelerate its international development, through both organic and external growth.
With over 25 million shoes sold in 2006, the Royer Group is France's leading wholesaler of shoes under licence, distributing around 30 brands (Converse, Morgan, Von Dutch, Airwalk, Naf-Naf, Paul & Joe Sister, etc.), through both independent and mass market retailers.
The group has just entered a key stage in its development, by acquiring Kickers, the famous French brand of coloured shoes distributed throughout the world. This acquisition takes the Royer Group's revenues to over €210 million.
Jacques Royer, Chairman and CEO of the Royer Group, said: “Apax's investment marks a turning point for our group, which will now be able to accelerate its development, particularly through the acquisition of new licences and outright brand ownership. Our new partner will enable us to benefit among other things from its strong expertise in retail and consumer goods, and its international network.”
Jean-Louis Rambaud, Partner at Apax Partners, said: “We are delighted to be associated with such a dynamic group, particularly at a time when it is taking on a new dimension with the acquisition of an internationally renowned brand. We believe the outlook for the Royer Group is very bright, particularly due to its strong brand portfolio and its unique know-how in the design, marketing and distribution of shoes in Europe.”
About the Royer Group
Founded in 1945 and headquartered in Fougères (Ille-et-Vilaine), The Royer Group is France's leading shoe wholesaler. It employs 365 people and operates 24,000m² of warehouses in Fougères and 46,000m² around the world. With sales of 25 million shoes in 2006, the Royer Group generated revenues of €150 million, including 30% in the export market. It has just acquired the Kickers brand.
About Altamir and Amboise Investissement
Altamir and Amboise Investissement are two listed companies which were created by Apax Partners respectively in December 1995 and at the end of March 2006. Both are designed to co-invest and disinvest with the private equity investment funds managed by Apax Partners France.
Altamir and Amboise Investissement leverage Apax Partners' know how and investment strategy, which involves backing fast-growing companies, at all stages of investment, across its global sectors of Retail & Consumer, IT & Telecoms, Media, Healthcare, and Business & Financial Services.
Altamir is a SCR (Société de Capital Risque) listed on the Euronext Paris Eurolist market, Compartment C, Ticker: LTA, ISIN: FR0000053837.
For further information: www.altamir.fr
Amboise Investissement is a SCR (Société de Capital Risque) listed on the Euronext Paris Eurolist market, Compartment C, Ticker: AMB, ISIN: FR0010307348.
For further information: www.amboise-investissement.fr
Apax Partners SA
Agathe Heinrich - Marketing Director
Tel.: +33 1 53 65 01 35
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