Cornet Vincent Ségurel advises the Lumiplan group and its managers on the implementation of a new LBO

Published on 19 july 2023

This transaction will enable the Lumiplan group, France's leading provider of dynamic information solutions, to accelerate its development and meet its working capital requirements.

InnovaFonds is acquiring a stake in the Nantes-based group, alongside Bpifrance. This is the first investment by InnovaFonds' "Partenaire Managers I" flex equity fund, which acts mainly as a minority investor alongside the majority management.

Lumiplan's management team, led by Chairman Henry Gaillard, remains the majority shareholder and still includes founder Jacques Daniel. Arkéa Capital, which has been present alongside the company since an initial MBO in 2018, is withdrawing from the capital.

This transaction will enable Lumiplan, which has grown significantly in recent years, to strengthen its leadership on the French and European markets, pursue its international growth and fully deploy its strategy around its LumiData and Lumiplay platforms.

Founded in 1972, Lumiplan is a designer and manufacturer of digital information panels offering a very wide range of solutions for traveller, citizen and tourist information. The group, based in Saint Herblain (44), currently employs 270 people and has a turnover of 55 million euros, around 30% of which comes from exports, thanks in particular to its 6 subsidiaries present in more than 20 countries.


LUMIPLAN : Henry Gaillard (President), Samuel Joubert (Chief Financial Officer)

INNOVAFONDS : Anthony Dubut, Quentin Ducouret, Victoire Estager

BPIFRANCE INVESTISSEMENT : Nicolas de La Serre, Emmanuel Chombart de Lauwe

ARKEA CAPITAL : Yohann Vimont, François Even


Advisors :

Target and Managers Attorneys : Cornet Vincent Ségurel

  • Corporate Law : Matthieu Guignard, Aurélie Richard, François Lavanant
  • Tax Law : Nicolas Palos

Investment banker/M&A advisor : UBS M&A MID-CAP (Nicolas Henry, Florent Keufer, Jérémy Daunit, William Benhamou)

VDD Financial : EIGHT ADVISORY (Bertrand Perette, Maxime Berlivet)

Purchaser Attorneys : LAMARTINE CONSEIL (Fabien Mauvais, Camille Le Foyer de Costil, Corentin Graff, AIPITIER, Constance Le Vert)

DD Legal, tax, social and PI Purchaser : LAMARTINE CONSEIL (Bertrand Hermant, Thalaa Imadah, Nicolas Hugonin, Charlotte Moreau, Justine Billard, Benoît Philippe, Audrey Freeman, Mathilde Cases)

DD Financial Purchaser : ADVANCE CAPITAL (Olivier Poncin, Gueorgui Guerguiev, Jean-Baptiste Santé, Thomas Bouf)

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