Counsel to CIR Group's founders and managers in the LBO carried out with Blackfin Capital Partner

 

Moncey Avocats assisted the founders and managers of CIR Group (Compagnie Immobilière de Restauration) in the context of a LBO carried out with Blackfin Capital Partners, which is now the new majority shareholder.

Founded in 1988 and employing 125 people, CIR Group has built its growth on the renovation and acquisition of heritage buildings.

CIR Group structured its first LBO in 2017 under the leadership of Bridgepoint Development Capital for a valuation close to €150M.

Today, Blackfin Capital Partners has become the new majority shareholder for a valuation slightly exceeding €300M. The founders François Larrère, CEO, and Franck Temim, Managing Director, reinvested part of the proceeds of the sale with new executives who also joined the capital.

Founders and managers of CIR Group were advised by a team from Moncey Avocats composed of:

• Guillaume Giuliani and Marie-Victoire James, partners, Alexandre Bankowski and Alix Auclair, associates, in corporate
• Frédéric Bosc, partner, Mathilde Cotillon, associate, in tax