Independent turnaround investor based in France Perceva had announced it would be taking over the Monceau Fleurs Group. Monceaur Fleurs is the market leader in flowers and plants sales. The takeover would be done through a complete recapitalization of the balance sheet of the flower firm,
At the end of the process, the shareholder structure would change. The percentages would be as follows: GMF Holdings with 80.5%, Laurent Amar with 3.5%, Unigreen with 10.0%, BM Invest with 3.9% and other shareholders comprising 2.1%.
This investment is a good fit with Perceva's strategy, especially after it acquired Dalloyau, the renowned French House of Gastronomy established in 1862, together with SUPRA specializing in the design, manufacture and sale of wood based products amongst others.
The recapitalization would have infused EUR26 million, increasing its equity capital to EUR20 million after its losses for 2013. There would also be net debt remaining at EUR13 million, a decrease by two thirds from its original amount.
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