March 29, 2024

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Falcon Non-public Holdings Closes Manage Expense in EuroCave

3 min read

LYON, France–(Business WIRE)–Falcon Non-public Holdings, LLC (“Falcon Non-public Holdings” or “Falcon”), the personal financial investment arm of Jamshid Keynejad and Barry Siadat, announced right now that it has shut the acquisition of a managing interest in the EuroCave Team (“EuroCave” or the “Company”), the international leader in top quality wine cupboards, from Talis SA (“Talis”), a French, diversified industrial team. Talis, the operator of EuroCave considering that 1997, will retain a substantial minority possession situation and their lively engagement with the Company will continue on.

EuroCave, the French wine cabinet pioneer started in 1976, types and makes its wine conservation and storage merchandise completely in France. EuroCave generates somewhere around €30 million of worldwide revenue with exercise on all applicable continents for more than forty-5 several years. EuroCave’s functions contain production and logistical facilities in the north of France (Fourmies), a headquarters and R&D facility in the south of France (Lyon), and distribution subsidiaries in France, the United kingdom, and Germany. The Firm makes use of a portfolio of brands – like EuroCave, EuroCave Qualified, ArteVino, and Transtherm – to provide freestanding and designed-in solutions for the buyer and experienced channels.

David Walker, chairman of EuroCave and a principal of Falcon Non-public Holdings, noted: “As the chief in the high quality segment and the only international business exclusively dedicated to wine preservation, EuroCave is effectively-positioned to travel house penetration and develop industry share. We are thrilled to join forces with Talis, a like-minded companion who will ensure EuroCave’s French heritage stays prominently featured as investment and progress speed up.”

Philip Marxen, a director of EuroCave and a handling director of Falcon Private Holdings, added: “EuroCave is an iconic manufacturer, evoking the French art de vivre. Consumption expansion and the premiumization of wine are sparking awareness of the worth of suitable preservation. We be expecting EuroCave will keep on to lead the migration of wine bottles from refrigerators and racks to goal-developed cupboards and cellars that regulate temperature and humidity even though blocking ultraviolet rays and reducing vibration.”

Robert Léon, a director of EuroCave and CEO of Talis, commented: “Talis is excited to proceed advancing the EuroCave manufacturer adhering to 20-four many years of fulfilling ownership. In this upcoming chapter, we search ahead to active collaboration with Falcon, yet another extended-phrase investor with deep working abilities, particularly in catalyzing worldwide growth.”

Pascal Marchand, a director of EuroCave and CEO considering the fact that 2010, remarked: “Our Enterprise will often belong to the wine community and our mission stays unchanged: to maintain and provide wine. Our premium methods make sure that the instant of tasting gives an intact emotion, that of an experience with the wine maker.”

For Falcon, Jeantet and Morgan Lewis acted as lawful counsel, EY acted as accounting and tax advisor, and Kepler Company Finance acted as financial debt funding advisor. For Talis, Kepler Company Finance acted as M&A advisor, Argos Avocats acted as legal counsel, and Benichou & Rontchevsky acted as tax advisor. Omnes Capital acted as Arranger of the unitranche financing and Crédit du Nord acted as Arranger of the revolving credit facility.

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