Edmond de Rothschild Corporate Finance advised Ciclad and Jean-Christophe Courné-Noléo, Chairman and founder of ALSEI Group, which is specialized in commercial and residential property development.
The majority investment of BC Partners Real Estate will allow ALSEI Group to accelerate its development with the ambition of doubling its size in the coming years. In the context of the transaction, CICLAD, a shareholder of ALSEI Group since 2015, is selling its entire stake.
ALSEI Group was created in 2000 by its founding Chairman Jean-Christophe Courné-Noléo. In 2020, ALSEI Group achieved a turnover of 115 million euros and relies on nearly 130 employees throughout France and in Reunion Island. ALSEI Group is today one of the French leaders in real estate development of logistics parks and business premises under STOCKESPACE and INNOVESPACE brands with a national presence and more than 77 projects developed since its creation covering more than 479,000 sqm. More recently, ALSEI Group has strengthened its position in the residential development segment, particularly in the Paris area under DAVRIL PROMOTION brand.
BC Partners Real Estate is the real estate investment platform of BC Partners launched in 2018 by Stéphane Theuriau, Laurian Douin and Thibault Lauprêtre. Prior to this transaction, the BCPERE I fund had made 3 other investments: Wingate House, a mixed-use building in London's Soho, in November 2019; a stake in Edgar Suites, an operator specializing in the transformation of offices into next-generation hotels, in May 2021; and Alte Post Kreuzberg, an office building in Berlin, in September 2021.
"Today, the real estate sector is undergoing multiple revolutions in all asset classes due to technological and usage changes, thus creating new needs and consequently new growth potential. Investing in ALSEI Group illustrates our desire to position ourselves, alongside a very high quality management team, in the logistics and residential sectors, that are characterized by very significant supply-demand imbalances. Under the impetus of Jean-Christophe Courné-Noléo and his teams, ALSEI Group has been able to develop a differentiating expertise on these markets and to secure a very important business volume. Our investment in ALSEI Group will give the company the resources to accelerate its development" reports Stéphane Theuriau, Partner and Head of the real estate activity of BC Partner.
"Welcoming BC Partners as a new reference shareholder is a great opportunity for ALSEI Group, for our employees and our customers. We now have the necessary resources to carry out our project portfolio, but also an investor and partner to seek together a better creation of value on our projects. In a context of ecological transition and global health crisis, the world of real estate must be rethought and our Group has both the know-how and the teams to propose complex urban objects, logistics parks, business premises and housing, all innovative and respectful of the well-being of those who work there and of the residents" reports Jean-Christophe Courné-Noléo.
ADVISOR TO ALSEI GROUP
Edmond de Rothschild Corporate Finance (M&A) : Julien Béraud, Aurélien Bouvier, Mathilde Abensour
Press contact :
EDMOND DE ROTHSCHILD
Florence Gaubert : +33 1 40 17 33 57 – f.gaubert@edr.com