Context

The management team of Ateliers de France acquired the majority stake previously held by a consortium of investors (IDI, Raise Invest, Tikehau Capital, and Bpifrance's "Creative Industries" fund). The deal allows the financial sponsors to exit with a 2.1x cash-on-cash multiple.

Target

Ateliers de France is a federation of specialized artisanal companies dedicated to high-end decoration and the restoration of historical heritage. The group was built around the historic painting and gilding firm Meriguet-Carrère. It aggregates rare trades (stone cutting, ironwork, wood paneling, fine masonry) to serve prestigious clients: national palaces (Versailles, Elysee), luxury hotels (Ritz, Crillon), and private ultra-high-net-worth residences globally. Since the previous LBO in 2017, the group has tripled in size, completing nearly 20 acquisitions.