Glass Partners Solutions has sold a minority stake to iXO Private Equity, Arkéa Capital and Crédit Agricole Pyrénées Gascogne

Glass Partners Solutions

Glass Partners Solutions (GPS) is an independent player involved in the distribution, processing and installation of flat technical glass products in Europe mainly addressing the construction and railway industries. Leveraging more than 20 years of experience in the glass industry, GPS built solid exclusive relationships with the largest glass manufacturers, supporting their sales and marketing efforts, providing its customers with the most comprehensive technical product range coupled with value-added services.

The Deal

Acting as the exclusive investment banking advisor to Founder Elie Benmergui, NextStage and Matignon Investissement, Lincoln International led a highly competitive and swift process with a select group of financial sponsors, able to meet the objectives of GPS shareholders for the group. The equity investment was provided by a consortium of regional minority shareholders, formed of Arkea Capital, iXO Private Equity and Crédit Agricole Pyrénées Gascogne, strongly fitting with GPS’ entrepreneurial DNA and geographical footprint in France and Spain.

Under the leadership of Elie Benmergui and with the support of NextStage and the new shareholders, GPS will continue its ambitious growth strategy to become a reference player in the flat glass market with the objective to be at the forefront of the energy transition.

Our Perspective

Ludovic Rodié, Managing Director in Lincoln’s Paris office, commented, “We are particularly pleased to have advised Elie Benmergui and financial shareholders in this transaction. GPS’ positioning and strategy to become a leading player in the energy transition generated a strong interest from a large number of financial sponsors, confirming the growing appetite for green equity stories within the building and construction market.”

NextStage

NextStage has been supporting growth entrepreneurs in their development since 2002 with its multi-strategy-capital-investment platform. Characterized by its entrepreneurial-investor DNA, NextStage supports ambitious entrepreneurs with equity and expertise in various sectors.

iXO Private Equity

iXO Private Equity is an independent company entirely owned by its management team. Based in Toulouse, Bordeaux, Marseille and Lyon, iXO Private Equity invests in equity in small and midcap companies in the greater South of France (southeast and southwest) and Auvergne – Rhône-Alpes. A team which has been present in this field for nearly 30 years, committed and involved in the long term with its affiliate’s firms and a multidisciplinary committee of experts are main factors in contributing to the company’s success.

Arkéa Capital

A private equity subsidiary of the Arkéa Group, Arkéa Capital supports the bold visions of entrepreneurs and managers at every stage in the life of their business: innovation, development and transmission.

Crédit Agricole Pyrénées Gascogne

Through its capital investment company, Crédit Agricole Pyrénées Gascogne supports the development and transmission of companies. In addition to strengthening the territorial anchoring of companies, Pyrénées Gascogne Développement participates in the renewal of economic activity in the Basque Country, Béarn, Bigorre and Gers, France.

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