Puteaux, 4 December 2024 – Amerigo Group announces a new growth cycle by reorganizing its capital with the exit of Trocadero Capital Partners and AfricInvest Europe. Senior executives have strengthened their capital position with the arrival of Société Générale Capital Partenaires, BNP Paribas Développement, and SOCADIF Capital Investissement, as well as the reinvestment of Bpifrance.
The French leader in the independent automotive spare parts market for emerging countries and Europe, Amerigo Group intends to continue its development with the support of its new investors, Société Générale Capital Partenaires, BNP Paribas Développement, SOCADIF Capital Investissement, and Bpifrance. The Group aims to reach €130 million in turnover in the coming years.
Amerigo Group boasts a multicultural team comprising 15 different nationalities and operates in 70 countries, with turnover of €90 million in 2024.
Amerigo Group is the overarching entity covering four interconnected commercial offerings dedicated to the international trade in automotive spare parts:
· International trading: Amerigo Global Parts, the leading French exporter of spare parts for the automotive and heavy goods vehicle markets and a long-standing partner of renowned manufacturers such as Stellantis, Renault, and, more recently, Iveco.
· Logistics with Amerigo Supply Chain, the specialist in international trade.
· Digitalization, with E-Reliable: an e-catalog of automotive spare parts listing several million items from more than 60 suppliers/equipment manufacturer partners of the E-Reliable platform, which connects industry stakeholders, distributors, and repairers from around the world. This marketplace includes a catalog of items and allows faster, smarter ordering of automotive spare parts.
· Services and listing with Amerigo International, which brings together 35 suppliers and more than 50 members in 30 countries.
A capital transaction supported by renowned financial partners
As part of this transaction, three new investors, Société Générale Capital Partenaires, BNP Paribas Développement, and SOCADIF Capital Investissement, have taken an equity stake, while Bpifrance and the management of Amerigo Group have reinvested following the exit of Trocadero Capital Partners and AfricInvest Europe.
The historical banking pool, led by LCL and composed of Société Générale and CIC, are participating in the transaction. These banking partners continue to support the group with implementing transaction financing.
A new step in Amerigo Group’s strategic development
The new investors share Amerigo Group's ambition to reach €130 million in turnover in the coming years.
The transaction aims to support the Group in a new growth cycle by:
· Continuing its development through the influence of Amerigo International;
· Diversifying its target markets with new distributors and suppliers;
· Supporting the rise of digital with E-Reliable;
· Studying external growth opportunities, offering synergies that support an expansion strategy.
Amerigo Group’s main partners, car manufacturers and equipment manufacturers, were consulted and welcomed the prospects opened by the new shareholders.
The company’s governance remains unchanged with Sylvain Abergel as Chairman of the Group and Alexandra Laurent as Chief Executive Officer.
“Over the last few years, we have strengthened our achievements, forged new partnerships, and accelerated key projects like Amerigo International and E-Reliable,” said Sylvain Abergel, Chairman of Amerigo Group.
He added: “I’d like to thank Trocadero Capital Partners and AfricInvest Europe for their support throughout the last few years and I’m delighted to see Bpifrance reinvest in the group.”
“We want to thank Sylvain, Alexandra, and all the Amerigo Group teams for the progress we have made since our investment, and together with our co-investors AfricInvest Europe and Bpifrance, we are delighted to have helped Sylvain, Alexandra, and the group’s main executives to strengthen their position as shareholders,” added Nicolas Gagnez, Managing Partner at Trocadero Capital Partners.
“Thanks to its teams’ efforts, Amerigo Group has transformed itself under Sylvain Abergel’s leadership into a recognized player in its sector. Amerigo Group is now able to seize all available opportunities in its markets. We are pleased to support Sylvain and Alexandra in the next phase of the Group’s development, which includes growth in Africa and the Middle East,” said Société Générale Capital Partenaires, BNP Paribas Développement, SOCADIF Capital Investissement and Bpifrance.
Transaction stakeholders
Acquirers
§ Management (Sylvain Abergel, Alexandra Laurent),
§ Société Générale Capital Partenaires (Lucas Donné, Thibaut Mauchaussé, Eugénie Le Gall),
§ BNP Paribas Développement (Philippe Duny, Baptiste Alain, Walid Chekroud),
§ Bpifrance (Ménelé Chesnot, Gauthier Valot et Constance Pauillac),
§ SOCADIF Capital Investissement (Emmanuel David, Joséphine Bordas).
Sellers
§ Management: Sylvain Abergel, Alexandra Laurent
§ Trocadero Capital Partners: (Nicolas Gagnez, Aymeric Benavent),
§ AfricInvest Europe: (Stéphane Colin, Khaled Ben Jennet, et Clémence Kolb),
§ Bpifrance Investissement: (Ménelé Chesnot, Gauthier Valot et Constance Pauillac)
§ Olivier Van Ruymbeke
Legal advisors—Company
§ Group Strategy Consulting: Bernard Cambier
§ Company Investment banker / M&A advisor • Financial advisor: Rothschild & Co (Fabien Lenoir, Baptiste Sander, Côme Sesboüé et Thomas Koehl)
§ Company Corporate Lawyer
§ Legal advice: Archers (Thomas Juillard, Pierre-Emmanuel Simon)
§ Company Tax Lawyer: Legal Counsel: Archers (Alexandre Franco)
§ Legal and Tax Due Diligence Firm: Archers
§ Social Due Diligence Firm: Constellation Law (Odile Dupeyré)
§ Financial Due Diligence Firm: EY (Marion Lassus-Pigat, Valentin Cécil)
§ Financial Due Diligence Firm: Roland Berger (Matthieu Simon, Vladimir Cabanis)
Legal advisors—Acquirers
§ Legal and corporate advice: Nova Partners (Olivier Nett, Erwan Savoia, Marvin Nasri, et Aria Granvillier)
§ Financial Due Diligence Firm: Grant Thornton (Frédéric Zeitoun, Tanguy Guilbaud, Hugo Lafuente)
§ ESG Due Diligence Acquirer: Cority (Baptiste Hetreau, Enza Steriade)
Debt
§ Arranger: LCL (Cécile Penard, Romane Delaunay)
§ Participants: Société Générale (Siham Ouannas, Hakim Kadi), CIC (Philippe Gibon)
§ Legal Counsel: Cards (Carole Geara)
About Société Générale Capital Partenaires
Société Générale Capital Partenaires (SGCP) supports SME and mid-cap shareholder managers with an approach built on development and proximity. SGCP takes minority stakes in companies’ capital, with investments of between €1 million and €35 million in various contexts: development through external or organic growth, capital transfer, shareholder restructuring, and financial structure optimization. Each year, the SGCP teams, based in Paris, Lille, Strasbourg, Lyon, Marseille, Bordeaux, and Rennes, invest between €150 million and €200 million in around twenty transactions, confirming their lasting commitment to supporting business financing and the economy.
For more information, visit https://capitalpartenaires.societegenerale.com
About SOCADIF Capital Investissement
SOCADIF Capital Investissement, a subsidiary of Crédit Agricole d’Ile-de-France, aims to provide long-term support to Ile-de-France entrepreneurs in their transition and development projects while remaining a minority shareholder in the capital of supported mid-caps and SMEs.
As a venture capital company, Socadif offers a lasting partnership with the management team, which translates into the ability to make equity investments over the long term and, if necessary, successively to support the business’s development. Socadif’s teams work alongside company leaders on strategic decisions without intervening in the business’s management.
For more information, visit www.socadif.fr
About Bpifrance
Bpifrance’s equity investments are operated by Bpifrance Investissement. Bpifrance finances companies—at every stage of their development—with loans, guarantees, and equity. Bpifrance supports them in their innovation projects and internationally. Bpifrance also ensures their export activity through a wide range of products. Its offerings for entrepreneurs include consulting, university, networking, and an acceleration program for startups, SMEs, and mid-caps. Thanks to Bpifrance and its 50 regional locations, entrepreneurs benefit from a single local, efficient contact to support them as their business grows sustainably.
Press contact : Sophie Santandrea – sophie.santandrea@bpifrance.fr – Tel : +33 7 88 09 28 17
About BNP Paribas Développement
BNP Paribas Développement is an independent subsidiary of BNP Paribas which has for more than 30 years taken minority stakes in successful SMEs to support their growth and secure their long-term development by facilitating their transmission. In addition to providing the financial resources that permit stability, BNP Paribas Développement's mission is to assist management teams in carrying out strategic medium-term projects. As a minority shareholder we provide our partners with appropriate governance without interference in day-to-day management. They also benefit from the strength of a leading banking group and the experience of a partner with more than 400 diversified investments.
About AMERIGO GROUP
Amerigo Group boasts a multicultural team comprising 15 different nationalities and operates in 70 countries, on 4 continents. Amerigo Group is the overarching entity covering four interconnected commercial offerings dedicated to the international trade in automotive spare parts:
· International trading: Amerigo Global Parts, the leading French exporter of spare parts for the automotive and heavy goods vehicle markets and a long-standing partner of renowned manufacturers such as Stellantis, Renault, and, more recently, Iveco.
· Logistics with Amerigo Supply Chain, the specialist in international trade.
· Digitalization, with E-Reliable: an e-catalog of automotive spare parts listing several million items from more than 60 suppliers/equipment manufacturer partners of the E-Reliable platform, which connects industry stakeholders, distributors, and repairers from around the world. This marketplace includes a catalog of items and allows faster, smarter ordering of automotive spare parts.
· Services and listing with Amerigo International, which brings together 35 suppliers and more than 50 members in 30 countries.
AMERIGO INTERNATIONAL is a member of the Talents4AA association.
Press contact: ACTION MEDIA – Blandine Bernier-Léturgeon – rp@actionmedia.fr – +33 6 03 39 73 39
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