Florac invests in Makao

French family office Florac completed a strategic minority growth equity investment in Groupe MAKAO, structuring an owner buyout (OBO) alongside Founder and Chief Executive Officer David Jankowski. Under the new capitalization structure, David Jankowski executed a substantial equity rollover to retain absolute majority voting and economic control, supported by key executive managers who coinvested to secure a direct equity interest in the holding platform. The transaction injects institutional balance-sheet capital into Groupe MAKAO while preserving its entrepreneurial governance and operational agility. Proceeds are earmarked to accelerate the group's development along two strategic vectors: funding programmatic buy-and-build acquisitions to integrate complementary packaging formats, materials, and international manufacturing footprints, while scaling internal industrial capacities at its Mâcon facility to meet accelerating luxury brand demand for sustainable, plastic-free, and eco-designed packaging solutions. Groupe MAKAO and its shareholders were advised exclusively on the transaction and associated debt financing by investment bank Financière de Courcelles, led by Managing Partner Jonathan Bursztyn, who structured a tailored process to select a long-term financial partner aligned with management's organic and inorganic expansion thesis.