CPI Group, the number one monochromic book printer in Europe, announced on August 1st, 2013 its acquisition by a consortium of investors led by the Impala Group together with Bpifrance. The transaction was accompanied by a restructuring of CPI Group’s financial indebtedness, which reduced the company’s debt to €15m.

The new shareholders of the CPI Group, including Impala, Bpifrance and the company’s management, will invest €21m in equity and quasi-equity to support CPI in its development. Upon completion of the transaction, Impala will become the majority shareholder of CPI (with a 52% stake) alongside Bpifrance (24%) and a group of private investors, including the management (24%).

The transaction, which is subject to customary conditions precedent for this type of operation, is expected to be completed in the coming weeks.

CPI Group was advised on this transaction by Weil, Gotshal & Manges, with a cross-disciplinary team including David Aknin, Jean Beauchataud, Jean-Dominique Daudier de Cassini, Fabienne Beuzit, Cassandre Porges, Astrid Zourli, and Jean-Baptiste Cornic.