Lyon, July 17, 2024.
- Otego, world leader in technical textiles for its markets, present in 110 countries with over 3,000 customers, announces a new shareholding operation.
- This financing will enable the Group to accelerate its growth through acquisitions
acquisitions, develop new business models in line with current climate challenges, and strengthen its international presence.
- This recomposition of the capital also enables Thierry Mosa and his
significantly increase their stake in the group's capital.
Otego, a world leader in the rubber industry, heat protection fabrics and industrial equipment markets, is pleased to announce a multi-million euro financing operation. This is being carried out with the support of the company's historical investors: GENEO Capital Entrepreneur, Eximium and Bpifrance.
"We are delighted with this new financial transaction, which will enable us to accelerate our growth through acquisitions in our business sectors, and to grow the Otego group in new business models in the face of climate challenges." says Thierry Mosa, CEO of Otego.
The purpose of this refinancing is to increase the company's capital and accelerate the implementation of the Group's "Cap 2030" strategy, by involving management more closely in the capital. This strategy sets the company's course in the face of climatic challenges, enables external growth and provides it with a strong human capital base on which to grow.
A world leader made in France
Otego is proud of its 100% French production, carried out in its factory near Lyon. Thanks to its glocalized approach, the group has over 3,000 customers and generates 85% of its sales in export markets, 50% of which are overseas. Founded over 70 years ago, this key player in the industry is present in over 110 countries, with 8 offices worldwide spread over 3 subsidiaries (Otego Americas, Otego China and Oteplace). Otego has already doubled its business over the past 4 years, and has set itself the target of doubling it again by 2030.
A strong commitment to society
Otego Lead, the Group's CSR program, is at the heart of its commitment to a more sustainable future. The Group is aiming for "Net Zero Emissions" and constant environmental innovation. Otego Lead demonstrates that operational excellence can coexist harmoniously with a responsible global vision. This major refinancing will enable Otego to strengthen and accelerate its commitment to positive impact. It provides the necessary resources to intensify its efforts in environmental innovation, occupational health and safety, while making a positive contribution to society. This is an important step towards achieving its goal of carbon neutrality by 2030 and promoting a circular and responsible economy.
"We're delighted to continue supporting Thierry Mosa and his team in this tremendous entrepreneurial adventure, which began 4 years ago with the company's exit from the American Glen Raven group, to become the French world leader in their markets. We were also impressed by the development of solutions to meet the needs of the group's customers in terms of reducing their environmental footprint. says Delphine Jarnier, Managing Partner at GENEO Capital Entrepreneur, with Céline Gascon Guénault, Investment Director at Eximium and Joachim de Rocquigny du Fayel, Investment Director at Bpifrance.
Otego is determined to play a key role as a responsible group. Indeed, it also aspires to the general development of French industry. With Oteplace, its global marketplace dedicated to industrial protection equipment, it supports French SMEs and ETIs in their international development. This capital increase will enable the Group to continue to assert itself as a key player in the transition to a sustainable and responsible economy.
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About Otego:
Based in Lyon, France, Otego is the world leader in technical textiles for its markets. Founded
in 1948, the group focuses on protecting people with a capital H in a variety of
various sectors of activity. Its commitment is to protect people and machines through its products for the rubber industry, heat protection fabrics and industrial equipment.
Thanks to its glocalized approach, its team is present on 5 continents, with 8 offices
3 subsidiaries (Otego Americas, Otego China and Oteplace). Its
presence in more than 110 countries worldwide, 85% of sales are exported.
export sales.
Today's climate challenges are a priority for the Group. That's why, in addition to
aiming for carbon neutrality by 2030, Otego has co-founded a Chair in Industrial Circular Economy, alongside renowned companies such as SNCF, Blanchon, Chanel and Emball'iso. This initiative testifies to its commitment to a more responsible and sustainable future.
Another major step in its quest for a responsible future is the launch of Oteplace, its marketplace dedicated to industry professionals. This aims to establish a safer, more efficient environment for all industry players.
To find out more about Oteplace, visit https://www.oteplace.com/fr or
contact customer service.
For more information, visit https://otegotextile.com/ or follow Otego on social networks.
social networks.
Press contact
Agence Volga
Dorian Canit - 07 77 78 79 23 - dorian@volgarp.com
About GENEO Capital Entrepreneur:
GENEO Capital Entrepreneur's raison d'être is to provide the real economy with positive finance that reconciles performance and meaning.
Designed to unlock the potential for value creation, job creation and impact of SMEs and ETIs, GENEO Capital Entrepreneur has nearly 560 million euros under management. In particular, it manages the "evergreen" investment company GENEO Capital, whose capital is majority-owned by families and entrepreneurs. GENEO provides tailor-made capital that adapts to the pace of each company, offering responsiveness and flexibility.
As a business partner and mission-driven company, GENEO mobilizes all its teams, including specialized business partners (external growth, liability structuring, positive impact, digital and innovation), to support the execution of structuring, growth and transformation projects. It also boasts a platform of over 70 independent experts and a Community of more than 220 families and entrepreneurs, providing a unique opportunity to share experience and build a business network unmatched in France. The terms of this operational support are tailored to the specific needs of each company and formalized jointly by the GENEO team, the management team and the company's other shareholders in a "Carnet de croissance".
Passionate about those who make, create and want to move the lines, the GENEO team's sole ambition is to take each entrepreneur's ambition to the highest level.
At GENEO, when we invest, we invest!
For more information: www.geneocapitalentrepreneur.com
About Bpifrance:
Bpifrance finances companies - at every stage of their development - with credit, guarantees and equity capital. Bpifrance supports them in their innovation and international projects.
Bpifrance also supports their export activities through a wide range of products. Consulting, university, networking and acceleration programs for startups, SMEs and ETIs are also part of the services offered to entrepreneurs.
Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from a single, effective
to help them meet their challenges.
For more information: www.Bpifrance.fr - www.presse.bpifrance.fr -
Follow us on X (ex Twitter) : @Bpifrance - @BpifrancePresse
About Eximium :
A family office founded by Michel Baulé, Eximium is an atypical player with a dual entrepreneurial and financial culture.
entrepreneurial and financial culture, managing investments in listed and unlisted companies
unlisted companies and in real estate for nearly €500m with a team of some twenty people.
team.
For its expansion and buyout capital business, Eximium invests its own capital, with no time constraints, in majority or minority stakes.
or minority operations. Eximium meets the equity financing requirements of entrepreneurial SMEs
entrepreneurial SMEs for their growth projects (internal or external) or capital
or capital restructuring. Characterized by a long-term vision, a pragmatic and flexible approach
approach and an efficient decision-making process, Eximium invests up to
10m per transaction (and exceptionally more). Eximium currently supports some twenty French SMEs in all sectors of activity.
Eximium has an in-house team of some fifteen experienced people to provide all the support services both on its own behalf and for its shareholdings (Management Control, HR, Information Systems, Accounting-Finance and Legal).
For more information: https://www.linkedin.com/company/eximium
Investors:
GENEO Capital Entrepreneur: Delphine Jarnier, Marie Kirch, and Edouard Braun
Eximium: Céline Gascon Guénault, Elodie Cellier
Bpifrance: Joachim de Rocquigny du Fayel, Jean-Baptiste Santé
Banks: Mandated Arranger, Agent and Lender: Société Générale (Julie-Marianne Bonnand, Stéphanie Mangon); Lender: Caisse d'Epargne Rhône Alpes (Frédéric Faure, Alexandre Cotraud, Charles-Henri Crépet); Lender: Crédit Agricole Centre Est (Magali Juanola, Sullyvane Deguette)
Corporate lawyers: AEGIS (Elise Arsac)
Management lawyers: LEXCASE (Guillaume Pierson, Charlotte Lepy, Camille Bigan)
Investors: PDGB (Roy Arakelian, Guillaume Maître, Thierry Jestin, Arnaud Giroire)
Banking lawyers: Herbert Smith Freehills (Laure Bonin)
