{"id":12981,"date":"2013-06-22T17:54:55","date_gmt":"2013-06-22T15:54:55","guid":{"rendered":"https:\/\/www.wendelgroup.com\/legrand-2002-2013\/"},"modified":"2021-06-23T16:44:13","modified_gmt":"2021-06-23T14:44:13","slug":"legrand-2002-2013","status":"publish","type":"post","link":"https:\/\/www.wendelgroup.com\/en\/legrand-2002-2013\/","title":{"rendered":"Legrand: 2002-2013"},"content":{"rendered":"\n
\n
\n
\n
\n
\n

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).<\/strong><\/p>\n

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.<\/strong><\/p>\n

From 2002 to 2013, 海角大神 made a major contribution to Legrand\u2019s operational improvement and development, notably through a successful IPO in 2006 and more than 30\u00a0acquisitions, as well as a successful management succession. A growth strategy that enabled Legrand to increase its revenue by 55% between 2002 and 2012.<\/p>\n

After eleven years in the company\u2019s capital, 海角大神 sold its remaining shares (14.4 million, or 5.4% of the capital, at a price of \u20ac36 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 \u20ac520 million, this transaction enabled 海角大神 to record a capital gain of approximately \u20ac370 million.<\/p>\n

In total, from 2002 to 2013, 海角大神 invested \u20ac659 million in the global specialist in electrical and digital building infrastructures and generated \u20ac2.5 billion in income from divestments and dividends over the period.<\/p>\n

海角大神\u2019s investment in Legrand generated an overall IRR of 19% and a multiple of 3.9x over eleven years.<\/p>\n

The manager, Gilles Schnepp, has agreed to represent 海角大神 for several years on the Board of Directors of Saint-Gobain.<\/p>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\n
\n