Announced

Bpifrance and Geneo Capital to acquire a majority stake in Piscines Magiline from UI Investissement, Demeter Partners, BTP Capital and Esfin Gestion.

Synopsis

Bpifrance, a firm that provides human resources consulting services, and Geneo Capital, a private equity firm, agreed to acquire a majority stake in Piscines Magiline, a designer and manufacturer of underground and custom swimming pools, from investment firms UI Investissement, Demeter Partners, BTP Capital and Esfin Gestion. Financial terms were not disclosed. "This operation aims to consolidate our development strategy around a tighter shareholder base, fully committed to working alongside me to carry this project forward over the medium term. The great human adventure of Piscines Magiline will be able to continue around the Management Committee with all the company's staff thanks to the confidence granted by our two investors, GENEO Capital Entrepreneur and Bpifrance. It is around our shared objectives that we will all build together an ambitious and value-creating model," Hervé Ricard, Piscines Magiline CEO.

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