Shapes & Sculptures has just added CM-CIC Investissement to its capital to the value of EUR 7.3 million.
Founded in 1985 by Jacques Tenenhaus and now headed by his son Mathias Tenenhaus, the independent group has a turnover of EUR 35 million and employs 150 people.
Shapes & Sculptures’ clients are essentially actors in the cosmetics, perfume and luxury industry. In order to meet new market expectations, the SME has also developed integrated CSR practices that take into account the product life cycle from design, manufacturing, installation, to recycling.
Thanks to the acquisition of CM-CIC Investissement, Shapes & Sculptures wants to accelerate its international development, in particular through external growth operations and to involve the main executives in order to prepare the company for advancement.
Mathias Tenenhaus, President of Shapes & Sculptures, said: "We want to change scale by strengthening our international presence and expanding our business to the watch and jewellery and glasses markets. Switzerland and Italy are target locations for luxury homes, either through internal or external growth. CM-CIC Investissement long-term accompanying approach, its expertise, its pragmatism and its network have convinced us because they provide us with relevant reflection tools that help us in our strategic choices. We plan to double the turnover within five to seven years. "
"We are investing € 7.3 million in this beautiful family-owned business that has managed to build in 30 years, a portfolio of 220 prestigious brands in a demanding and challenged sector. We believe in its ability to develop, especially in an atomized market conducive to acquisition operations that we will respond to. Forms & Sculptures has strong arguments: its high level of quality, its full service offering, its capacity to respond to international tenders, the solidity of its business model, and the good complementarity of its top management which invests significantly in the operation. We believe that this positioning will enable Shapes & Sculptures to continue to grow both in its historic market segments and in the new sectors targeted ."
Piotraut Gine Avocats advised CM-CIC Investissement with François Giné and Suzanne de Carvalho (Corporate)
CJA Avocats advised CM-CIC Investissement with Jean Goncalves (Tax).
Nerval Avocats advised CM-CIC Investissement with Arnaud Doumenge (Employment).
Atem advised CM-CIC Investissement with Isabelle Camus.
Cornet Vincent Ségurel Avocats advised Forms & Sculptures with Emmanuel Mansillon and Sabine Hossenbaccus.
Rozant & Cohen advised Forms & Sculptures with Vincent Cohen and Cecilia Nagy.
