APRIL 12 I BUFFET GROUP I ACQUISITION
Buffet Acquired by
Private-equity firm Fondations Capital has acquired Buffet Group for 58 million euros. As the new shareholder of Buffet Group, Fondations Capital plans on implementing a growth strategy through organic growth and acquisitions in order to establish the company as a leading wind instrument brand.
Buffet Group is based in Mantes-la-Ville, France, and has subsidiaries in the United States, Japan, Germany and China. Last year, it generated 67 million euros in revenue. The company currently employs 570 people.
"We are leading a deep and rapid transformation of our group, while respecting the fundamental values of our brands, associated with innovation and technology," said Antoine Beaussant, CEO of Buffet Group. "Fondations Capital will allow us to further expand the global reach of our group through new investments and new acquisitions."
"Buffet Group is a French company of excellence, with production sites in Europe and a local presence from Japan to Brazil," said Xavier Marin, CEO of Fondations Capital. "It will take advantage of the development of musical practice throughout the world and will play an active role of consolidation in its industry."