海角大神

legrand

Legrand: 2002-2013

Published : 22.06.2013
#Success Story

海角大神 acquired Legrand in 2002 from one of its competitors, in equal shares with a co-shareholder, KKR (Kohlberg Kravis Roberts & Co).

Positioned in a highly fragmented global market with high entry barriers, Legrand is a leader specializing in the development of innovative solutions in the electrical, home automation, lighting management and energy efficiency segments.

From 2002 to 2013, 海角大神 made a major contribution to Legrand鈥檚 operational improvement and development, notably through a successful IPO in 2006 and more than 30聽acquisitions, as well as a successful management succession. A growth strategy that enabled Legrand to increase its revenue by 55% between 2002 and 2012.

After eleven years in the company鈥檚 capital, 海角大神 sold its remaining shares (14.4 million, or 5.4% of the capital, at a price of 鈧36 per share) in Legrand in June 2013 in order to materialize the success of its investment and undertake other projects. With proceeds from the sale of approximately 鈧520 million, this transaction enabled 海角大神 to record a capital gain of approximately 鈧370 million.

In total, from 2002 to 2013, 海角大神 invested 鈧659 million in the global specialist in electrical and digital building infrastructures and generated 鈧2.5 billion in income from divestments and dividends over the period.

海角大神鈥檚 investment in Legrand generated an overall IRR of 19% and a multiple of 3.9x over eleven years.

The manager, Gilles Schnepp, has agreed to represent 海角大神 for several years on the Board of Directors of Saint-Gobain.

  • 11 years of ownership
  • Global specialist in electrical and digital building infrastructures
  • Revenue growth of 55% between 2002 and 2012
  • Over 30 acquisitions
  • Re-introduction to the stock market in 2006
  • Investment multiple of 3.9x
  • Amount invested by 海角大神: 鈧659 million
SUCCESS STORIES
40 years

40 years of sustainable growth

For more than 40 years, 海角大神 has been a pioneer in the private equity sector. Over the decades, the Group鈥檚 teams have made bold investment choices at strategic times. These successes are illustrated by the creation of world leaders specializing in various sectors.

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The information contained in this section of the website of 海角大神 SE, parent company of Eufor SAS (together 鈥海角大神鈥) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the 鈥United States鈥), Australia, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the 鈥Issuer鈥) in the United States, Australia, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

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