Transcapital advises the Clochet family on the transfer of the company Routin to a pool of investors led by CM-CIC Capital Finance.
Controlled by the Clochet family for 3 generations, the Savoie-based group Routin is the N°2 in the French syrup market behind Britvic-Teisseire, selling its products under its own brands (Fruiss and 1883) and under private labels. Advised by Transcapital, the Clochet family sold the control of the group in June 2012 to a pool of investors made up of CM-CIC Capital Finance (today CM-CIC Investissement), 2 former managers of Orangina Schweppes and one other manager (former CEO of Hero France), while the Clochet family keeps a participation in the capital.
The historical family shareholders, being respectively 65, 70 and 77 years old, wanted to find a buyer able to insure the longevity of the company while respecting its core values.
As of December 2011, Routin generated a turnover of €57m and employed 190 people on 3 sites with a total of 7 production lines. Besides syrup, the group also manufactures regional spirits (Montania) and beers (Brasserie des Cimes).