Septentrion Finance has advised the Dugardin family on the sale to Lempereur Group and GGP Automobiles
19/07/2024
Septentrion Finance has advised the Dugardin family on the carve-out of Volvo activities and the sale of other operations to Lempereur Group and GGP Automobiles
Founded in 1969, the Dugardin Group is a family-owned business and one of the leading automotive distributors in the Nord and Pas-de-Calais departments. Headquartered in Villeneuve d’Ascq, the Group generated nearly €175 million in revenue in 2023, selling over 6,000 vehicles through nearly 300 employees and a network of 12 dealerships.
The Dugardin Group primarily distributes the Ford, Jaguar, Land Rover, Volvo, and Hyundai brands.
The transaction, completed in early June 2024 following approval by the competition authority, was carried out in two phases: first, the carve-out of the Volvo activities, transferred to the Lempereur Group; second, the sale of the remaining activities — including Ford dealerships in Lille Métropole and Littoral as well as Jaguar Land Rover — to GGP Automobiles.
Founded in 1987 by Jean-Paul Lempereur, the Lempereur Group is a family-owned company with over €310 million in revenue, distributing nearly 15 brands (including BMW Mini, Nissan, Opel, and Volvo) through a network of 37 dealerships. This acquisition allows the Lempereur Group to strengthen its Volvo business, notably through the takeover of the Volvo dealership in Roncq (near Lille).
The acquisition also enables GGP Automobiles, founded in 2017 by Jean-Marie Zodo (Chairman) and Michel Cordier (Co-CEO), to add new brands to its existing portfolio (Renault, Dacia, and Alpine) and to consolidate its presence in the Hauts-de-France region. GGP Automobiles generates over €1 billion in revenue, selling more than 45,000 vehicles annually.
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Sell-side advisors:
- M&A: Septentrion Finance (Guillaume Dubois, Maximilien Clochette, Louise Feurprier Dorly)
- Legal: Euraconseil (Audrey Touret, Odiles Despas, Jérémy Kuma Tohanga)