Groupe RG acquired by Ardian, supported by LCL and CIC Private Debt

Ardian has acquired Groupe RG, a distributor of personal protective equipment in France, from LBO France, alongside the management team and Latour Capital. The financing is provided by LCL and CIC Private Debt.

LBO France hired Transaction R to advise on the sale, and the company was marketed off EBITDA of about €30 million.

In 2017, LBO France acquired the company and CM CIC agreed to provide bridge financing for the acquisition, which was set to be refinanced with a senior plus mezzanine package.

Founded in 1987 and based in Saint-Priest, France, RG Safety Group distributes a wide range of products covering five protection fields: Head, Hand, Foot, Body and Hygiene & Safety in the working environment.

Groupe RG has benefited from the recent increase in health and safety standards. The company is keen to develop into Italy, Spain, Germany, Switzerland and Slovakia.