Identicar lbo with Five Arrows

Specialist in theft deterrence and connected cars obtains funding for a sponsorless LBO

The goal of Identicar, the leader in its market, is to become France’s number-one automobile club. Over the past four years the family-owned company’s success has been driven by an alternative management model that is based on collaborative innovation and a highly cooperative approach to the in-house management of group projects.

Groupe Identicar‘s management team now holds 100% of the company’s capital. Five Arrows Credit Solutions (a Groupe Rothschild company) and a bank syndicate led by HSBC France have provided the funding that will enable the company’s initial family shareholders, and in particular its founder Claude Tuchbant, to sell their stakes. Revenue rose 25% in 2015, to 50 million euros. 

David Tuchbant will increase his stake to 70%, making Jonathan Tuchbant, who is in charge of marketing and strategy, the number-two shareholder. Alain Garcia and Frédéric Jaubert, respectively Sales Director and CEO, also have interests in the company and are incentivized. This makes the management team the group’s sole shareholders. Needless to say, they are highly motivated by its success! 

Cambon played a key role in this transaction. In view of the group’s strong performance, a sponsorless LBO proved to be the best exit solution, since it protected the interests of all shareholders while giving the fast-growing family-owned group access to funding under particularly attractive terms.