Together, Siparex Midcap (lead investor), Unexo, Bpifrance, and Sodero Gestion are becoming majority shareholders alongside Alexis Jubert, who is significantly increasing his stake.
Franck Briand, who has led GPG Granit since 2004, is handing over the reins of the designer of memorial monuments to current CEO Alexis Jubert. The succession process, which began operationally five years ago, is now being formalized through an OBO backed by a pool of financial investors.
Together, Siparex Midcap (lead investor), Unexo, Bpifrance, and Sodero Gestion are becoming majority shareholders alongside Alexis Jubert, who is significantly increasing his stake. The company’s long-standing CEO, meanwhile, is selling his shares.
Based in Saint-Jacques-de-la-Lande, Brittany, GPG Granit designs tombstones and cremation memorials, which are manufactured through a network of partners in France and Asia. Nearly 15,000 monuments are marketed each year to independent funeral service operators.
The company employs around 60 people and has achieved double-digit annual growth in recent years, reaching €25 million in revenue in 2021. It has also invested in several digital tools, including a configurator that allows families to design and visualize a monument before placing an order. With a particularly strong presence in northern France, the group plans to expand its sales presence across the rest of the country.
Transaction Participants:
Siparex: Pierre Bordeaux Montrieux, Matthieu Adoir, Claire Morel
Bpifrance: Marc Prévot, Alain Fakhoury
Unexo: Antoine Martiarena, Lauranne Le Bourvellec, Aurélie Hervagault
Sodero Gestion: Romain Engrand
Investor Advisors — Financial Due Diligence: Eight Advisory (Bertrand Perrette, Jean-Baptiste Blanco) ; juridique : Ratheaux (Gaétan de la Bourdonnaye, Marc Pretat)
Seller Advisors — Financial: Edmond de Rothschild Corporate Finance (Philippe Flament, Julien Donarier) ; juridique : Augus Avocats (Jean-Malo Heuze, Marion Bottereau) ; Financial Due Diligence: Oderis Conseil (Julien Passerat, Lan Chau)
Target Company Advisors — Financial: Mazars (Matthieu Boyé, Matthieu Maquet) ; Legal: Joffe & Associés (Christophe Joffe, Charlotte Viandaz, François Galéa)
Lenders’ Legal Counsel: CVS Avocats (André Watbot, Charles-Henri Prioul)
Senior Debt: Crédit Agricole Ille et Vilaine, Crédit du Nord, CIC, BNP Paribas
