The Lyon-based luxury watch and jewellery group is reorganising its capital. This second financial operation sees the entry of BNP Paribas Développement, as leader, and Carvest. Garibaldi Participations, which took a stake in the company in 2016, confirms its support for MAIER by participating in this new transaction. The trio of investors has taken a minority shareholding position. The group has achieved a turnover of nearly 45 million euros in 2021, an increase of 33% compared to the year 2020. The transaction is supported by debt arranged by Banque Populaire Auvergne Rhône-Alpes, the historic bank, to which Caisse d’Epargne Rhône-Alpes and Crédit Agricole Centre-Est also subscribe.
The entry of BNP Paribas Développement and Carvest, and the renewed support of Garibaldi Participations, are intended to accompany the group’s growth and to continue the family transmission. Jean-Louis MAIER’s children, all of whom are operational within the company, are contributing all of their shares to the transaction. Following a competitive process organised by PAX Corporate Finance, BNP Paribas Développement was able to convince the MAIER family and its partner Garibaldi Participations to let it take the lead in this new operation. The trio of investors is investing a ticket of over ten million euros in equity.