Septentrion Finance has advised on the family succession of Manergo
19/09/2023
Manergo is one of the great family business stories in the Hauts-de-France region. Founded in 1986 by Stéphane Fauchille and passed on to his son-in-law Nicolas Sant in 1991, the company has now been taken over by Pierre-Antoine Sant (the founder’s grandson and son of Nicolas Sant), who becomes its CEO and majority shareholder.
Through its production site near Valenciennes, the company manufactures and markets handling equipment, storage solutions, and containers for the collection of special waste. In particular, Manergo’s equipment (such as tippers, crate incliners, and lifting tables) improves employees’ working conditions. Thanks to its factory and internal design office, the company has distinguished itself from competitors by offering tailor-made solutions to its clients. “Whenever there is a need to ergonomically adapt a workstation, we are there to provide advice,” says Pierre-Antoine, the new CEO.
Manergo’s revenue reached €5 million in 2022, and the company employs over 40 people. Pierre-Antoine has ambitious development plans, including international expansion, which should enable Manergo to reach new growth milestones.
Septentrion Finance was appointed to manage the process of this family succession. After helping the buyer and seller reach an agreement on the valuation of Manergo’s shares, Septentrion Finance supported Pierre-Antoine in sourcing and optimizing the financing required for the acquisition. Ultimately, BNP Paribas and CIC were selected as the financing banks.
The transaction became effective on September 19, 2023.
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Buy-side advisors:
- M&A: Septentrion Finance (Rudy Sebbah, Amélie Crépin)
- Legal: Cabinet HEPTA Conseil (François Blanquart, Vincent Bernard)
- Financiers (banks): BNP Paribas (Medhi Pontier) - CIC (Caroline Marcaille, Caroline Lardey)