Turenne Groupe has acquired a minority stake in Tallineau Emballage through a primary leveraged buyout, facilitating the company's management transition and future growth.

Information on the Target

Tallineau Emballage, a centenary family-owned group located in Vertou near Nantes, specializes in the manufacturing of customized corrugated cardboard packaging. With an annual revenue of €12 million, the company has recently initiated a capital opening to Turenne Groupe, which will hold a minority stake through its Pays de la Loire Croissance 2 fund. This move is designed to facilitate the succession of the business to a trio of managers under a primary leveraged buyout (LBO) arrangement.

After a century under the stewardship of the founding family, Tallineau Emballage's management transition is spearheaded by Benjamin Brochard, who expressed his desire to pass on the company. The management team now comprises Céline Le Borgne, who has taken on the role of president, alongside site directors Frédéric Bouligand and Franck Bonnaud. Following a competitive transfer process, the company will remain under management control, with Benjamin Brochard retaining a significant share of nearly one-third of the capital, while also maintaining operational roles in purchasing and corporate social responsibility.

Industry Overview in France

The packaging industry in France is characterized by its resilience and stability, driven largely by the increased demand for sustainable and customized packaging solutions. In recent years, there has been a notable shift towards eco-friendly packaging materials, a trend