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Florac is a private equity firm founded in 2009 and chaired by Marie-Jeanne Meyer,
historic shareholder and former Officer of the Louis Dreyfus Group.

About of Florac

Meyer Louis-Dreyfus family

The Meyer family is a branch of the Louis-Dreyfus family, the historical shareholders of the Louis Dreyfus Group.

The Louis Dreyfus Group was founded in 1851 and expanded in multiple business lines (energy, commodities trading, real estate, telecom, apparel, etc.) by employing high-quality people, identifying opportunistic acquisitions, and focusing on growth. Today, with over 22,000 employees in more than 90 countries, the Group is one of the agricultural commodity trading leaders with annual revenues exceeding $65 billion.

Florac was founded in 2009 by Marie Jeanne Meyer Louis-Dreyfus, her husband and her three children; Camilla, Ilona and Léopold on the same principles and values, in order to invest the Meyer family’s funds in private equity.

Florac

Florac is an investment vehicle wholly owned by the Meyer family and whose purpose is to exclusively invest the family’s funds.

Florac is an evergreen structure which aims to grow the family’s assets over the long term and is not focused on current income or dividends.

The Meyer family seeks to partner with entrepreneurs with ambitious strategic projects to foster the emergence of national and international leaders.

 

Unique investment philosophy and focus

Focus on sectors with long-term growth prospects

Our strategy is focused on capital appreciation rather than income generation.

Building lasting partnerships with families, entrepreneurs and management teams

Florac aims to build sustainable partnerships with best-in-class management teams that invest alongside us in their businesses.

Florac’s investment strategy is characterized by a strong involvement in the companies in which we invest, without interference in day-to-day management. Florac views its role to be taking part in strategic decisions, supporting management in structuring their company, assisting with strategic initiatives and acquisitions and utilizing our networks of contacts and advisors to support management.

Focus on a limited number of investments

Our disciplined investment strategy aims to develop a limited number of partnerships in order to support our portfolio companies and to participate wisely in the decisions which are key to the company’s future.

Florac’s investment approach is not based on portfolio investment statistics. Each investment is considered as a stand-alone investment. There are no pre-set limits as to sector concentration, size, etc.

 

A sustainable and permanent connection between Meyer / Louis-Dreyfus family members and their partners

Léopold Meyer and Camilla Winkler are the primary contacts of Florac’s strategic partners. They are represented in the governance and supervisory bodies of Florac’s portfolio companies.

This direct link between family members and strategic partners guarantees:

 

Investment criteria

Tailored investment structures

As a single family office, Florac is organized to act swiftly and efficiently, and hence, takes a very flexible approach to structuring investments. Florac can partner with financial firms, families or management teams with solutions ranging from the injection of growth capital to the acquisition of minority or majority stakes to full LBOs.

Characterized by an “evergreen” structure, Florac is a committed and supportive shareholder whose medium- to long-term investment horizon can adapt to our partners’ constraints and our portfolio companies’ growth objectives.

Florac can leverage a broad network of leading senior executives and experts able to enhance international expansion. Members of the Florac independent advisory team bring their industrial and financial expertise to portfolio companies’ advisory and supervisory boards with a view to assist management in achieving their key objectives.

 

Sectors

Diversified sector base

Geographical focus

Europe (France, Belgium, Italy and Switzerland) and the U.S.

Investment type

Growth capital, recapitalization, LBO, MBO

Governance

Control acquisition, shared control investments or minority investments – must have board representation

Investment size

€20-150m (Europe)
$20-80m (U.S.)

Investment horizon

Flexible

Governance and organization

Governance

Florac is presided over by Marie-Jeanne Meyer and run by her children Léopold Meyer and Camilla Winkler.

Investment opportunities pursued by the investment team are submitted to the Advisory board for review.

The decision process is swift and commitments can be made on a compressed timeline.

Florac’s owners are Marie-Jeanne Meyer and her three children Camilla Winkler, Ilona Maintigneux and Léopold Meyer.

Advisory board – Independent members

Investment Committee

Portfolio

Business : Management of commercial
leasing and advertising spaces of 14 Italian railway stations
Year : 2016
Deal Type : Minority
Headquarters : Rome, Italy
Partners : Maurizio Borletti, Antin Infrastructure, Icamap
Revenues at Entry : c.€120m
Status : Current
Revenues at Exit : n.a.

Business : Spirits & Wines
Year : 2016
Deal Type : Minority, Founding Investor
Headquarters : Miami, U.S.A.
Partners : Management, Family Offices
Revenues at Entry : n.a.
Status : Current
Revenues at Exit : n.a.

Business : Retail (Affordable Luxury)
Year : 2016
Deal Type : Minority, Founding Investor
Headquarters : Paris, France
Partners : Management
Revenues at Entry : n.a.
Status : Current
Revenues at Exit : n.a.

Business : Hotels & Resorts
Year : 2015
Deal Type : Minority
Headquarters : Thessaloniki, Greece
Partners : Oaktree, Goldman Sachs, Management
Revenues at Entry : c.€85m
Status : Current
Revenues at Exit : n.a.

Business : Processed Fruits
Year : 2015
Deal Type : Majority
Headquarters : Nimes, France
Partners : Management
Revenues at Entry : c.€100m
Status : Current
Revenues at Exit : n.a.

Business : Rental and Maintenance
of Airport Ground Support Equipment
Year : 2012
Deal Type : Minority
Headquarters : Brussels, Belgium
Partners : Chequers Capital, Management
Revenues at Entry : c.€80m
Status : Realized (2016)
Revenues at Exit : c.€145m

Business : Retail Apparel (Affordable Luxury)
Year : 2010
Deal Type : Majority (Co-Lead)
Headquarters : Paris, France
Partners : L Capital, Management
Revenues at Entry : c.€215m
Status : Realized (2013)
Revenues at Exit : c.€465m

Business : Real Estate Promotion
Year : 2009
Deal Type : Minority
Headquarters : Paris, France
Partners : Management
Revenues at Entry : c.€200m
Status : Realized (2016)
Revenues at Exit : c.€350m