Lac1 Fund, managed by BpiFrance, acquired a stake in Groupe SEB on behalf of French and international investors. Lac1 fund seeks to make a long-term commitment to the company. The group’s underlying markets benefit from solid growth trends, driven by the middle classes in emerging countries and a structural upgrade move from consumers in more mature countries, from which the company is taking advantage.
«We are thrilled that the Lac1 fund has taken a significant stake in Groupe SEB. We see this long-term commitment as a sign of trust in the Group’s strong growth potential. Bpifrance’s involvement in the Group’s governance will be an important asset to pursue our growth and value creation strategy. We look forward to welcoming Ms. Anne Guérin to the Board of Directors» – commented Thierry de La Tour d’Artaise, chairman and CEO of Groupe SEB.
The Group is present in more than 150 countries with its portfolio of 31 local and international brands offering more than 30,000 products. In 2021, it achieved a turnover of 8.1 billion euros and employs more than 33,000 people.
«We are very pleased with the entry of the Lac1 fund into the capital of Groupe SEB – said Nicolas Dufourcq, CEO of Bpifrance -. This family-owned and historic French group has demonstrated the resilience of its business model by achieving solid growth for many years. Its emblematic brands and robust industrial facilities contribute to the promotion of French know-how throughout the world and establish the Group as a major player in our industry. In its sector, the group also stands out as a pioneer of the circular economy, by focusing on products’ repairability and recyclability».