Scotto & Associés is advising Onduline’s management team on a new LBO transaction

Astorg and Abenex, which have been shareholders since 2006, have sold the Onduline Group to Naxicap Partners, which becomes the group’s majority shareholder alongside the management team led by Richard Séguin.

Founded in 1950, the Onduline Group is a global manufacturer of lightweight roofing systems and the undisputed world leader in asphalt shingles and tiles. Today, it operates in more than 120 countries, supported by a broad network of subsidiaries, and generates nearly 250 million euros in revenue with a workforce of more than 1,500 employees and 9 manufacturing sites spread across 8 countries.

As part of this new LBO transaction, Onduline’s management team was advised by Scotto & Associés, with a team composed of Lionel Scotto le Massese (partner), Adrien Badelon, Cristina Narvaez, and Diane Rufenacht on corporate matters; Jérôme Commerçon (partner) and Raphaël Bagdassarian on tax matters; and Sérafine Poyer (counsel) and Justine Moreau on labor and employment matters.