An expert in the relocation of companies joins the giant, NASSE-DEMECO

 

Specialist in the relocation of offices and industrial transfers, GBA joins the NASSE-DEMECO group thanks to CFK Finance (www.cfk.fr).

 
Established in 1992 by two associates, Daniel Boulonnois and Alain Genries, GBA, based in Quincy-Voisin (Seine-et-Marne), is specialised in the relocation of companies: transfer of offices, registered offices, industrial sites etc. In this extremely competitive sector, GBA quickly acquired an excellent reputation, thanks to the rigour with which its teams of professionals meticulously plan each transfer. It now has several key accounts among its clients and achieves an annual turnover of four million Euros. In order to continue this success story and the development of the company, Daniel Boulonnois and Alain Genries wanted to partner with a leading name in the sector. They therefore entrusted the CFK Finance consultancy  with a sell-side assignment. In a few months, Eric Pincemin, Business manager at CFK Finance, identified the NASSE-DEMECO group (www.demeco.fr), based in Orléans, as a potential buyer. This group already has 272 agencies in France and abroad (company-owned or franchised, under the trademarks Demeco and Dem) and achieves an annual turnover of 50 million Euros in relocation and transfer. For a long time it has operated an ambitious external growth policy.
“GBA is the forty-third company that we have bought,” explains Patrick Bornhauser, executive at NASSE-DEMECO since 1986. “It will enable us to confirm our presence in the Paris region.”
The top holding of NASSE-DEMECO belongs to Pragma Capital (more than 50%), an independent management company, to Patrick Bornhauser (28%), and to Edmond de Rothschild Investment Partners (17%). The remainder belongs to a private investor.
Alain Genries joined the group to continue to develop the business activities of GBA. All the partners are happy with the role played by CFK Finance. “Everything went very smoothly,” says Patrick Bornhauser, for example. “CFK Finance monitored all the details of this transaction excellently, and right up to the last moment.”

 

Seller’s advisors: Eric Pincemin, Business manager/Partner, CFK Finance – Armand Turquet, SRT Conseils
Lawyer: Mr Bertrand Lavelot, Cabinet Lavelot

 

Buyer’s advisors: JP Vergance, Cabinet Orcom & Associés

 

Press contact: Claude Dupuis
Telephone: +33 (0)1 56 26 54 63
Email: cdupuis@cfk.fr
www.cfk.fr

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