Legris Industrie

The Legris Group was a family-managed industrial group, listed on the French Euronext market and active in three business areas: a world leading industrial connectors division; central heating components for the construction sector and automatic systems for logistics plus some small non-core activities.

Value creation

Chequers supported the Legris family in a restructuring of the group’s shareholding and its de-listing through a buy-out transaction in 2003. Chequers invested in complex instruments alongside the family, with conditions specifically tailored to the Legris family’s objectives. Value creation was achieved through an ambitious internal optimisation and international development plan benefiting from the strong economic recovery and the sale of non-strategic assets. In particular the heating systems business was sold to an industrial group enabling the refinancing of the group and Chequers divestment in 2006.

Investment year
2003
Turnover at acquisition
€300-500m
Type of operation
Shareholding Structuring
Business sector
Asset light Industrials
Country
France