Specializing in Beech Wood Transformation
Founded in 1946, Groupe Lefebvre is a leader in the exploitation, transformation, and enhancement of beech wood. The group operates across primary and secondary wood transformation, producing items such as deck chairs and densified wood logs. Comprising seven companies with five production units, the group generates annual revenues of €55 million.
Normarom, founded in 1998, contributed €4 million to the group’s revenues, primarily through sawing and preliminary cutting operations. As part of a strategic pivot toward higher-value-added French production, Groupe Lefebvre decided to divest Normarom.
On October 31, 2022, Groupe Lefebvre sold 100% of Normarom’s shares to SUSAI SERVCOM SRL, enabling the Romanian buyer to achieve vertical integration in the country’s wood supply chain.
A transaction led by ALTIOS Corporate Finance
The sale was seamlessly coordinated by Altios Corporate Finance in partnership with Altios Eastern Europe.
Altios Corporate Finance’s Role Included:
● Industrial Audit: Assessing Normarom’s operational and organizational structure.
● Market Study: Identifying potential buyers.
● Valuation: Conducting financial analysis and valuation of Normarom.
● Negotiation Support: Facilitating the terms and conditions of the 100% share sale (Letter of Intent).
● Due Diligence Coordination: Managing financial, real estate, legal, and tax due diligence processes.
● Transaction Finalization: Representing the client and ensuring seamless documentation for the deal.
By completing this transaction, Altios Corporate Finance has demonstrated its expertise in handling complex financial operations and successfully executing cross-border, multi-country transactions. This deal underscores Altios’ position as a trusted advisor in small- to mid-cap international external growth operations.
Testimonials
Groupe Lefebvre: “Altios demonstrated simplicity, pragmatism, and professionalism throughout this strategic project. Their team reinforced their position as a trusted partner for SMEs by engaging with their clients on equal footing.” — Cédric Cottentin, CFO, Groupe Lefebvre
Altios Corporate Finance: “We are proud to have supported Groupe Lefebvre in this significant divestiture of its Romanian production unit. This sale represents a key step in the group’s strategic reorganization, affirming its position as a leading European player in transforming solid wood into high-value-added products.” — Zdzislaw Roland Dominik and Didier Lepoutre, Altios Corporate Finance
Participants
Seller’s Advisors:
● Lead Consultant: Antoine Cabrolier, Altios France
● Transaction Support: Zdzislaw Roland Dominik, Didier Lepoutre, Altios Eastern Europe
Buyer’s Advisors:
● Transaction Support: Liviu Goga
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
