parquest capital

fr
5asec

the company

Founded in France 50 years ago, 5àSec is an international group present in 30 countries, a global leader in textile care and cleaning. Through a network of around 1,900 wholly owned or franchised sales outlets, the 5àSec brand has a turnover of over €350m and employs over 6,000 people.

THE PROJECT

International development and diversifying the service offer

In a still very fragmented global market, its development strategy is ambitious, taking advantage of new external growth opportunities and the high growth market in emerging countries, by developing new services, particularly in BtoB, and investing in innovative cleaning technologies.

With Parquest's backing, the Group has expanded considerably, doubling its turnover by buying up several networks in France, Switzerland, Argentina and Brazil, and opening up a master franchise in around 15 new countries.

The Group has also invested significantly in BtoB services and in an ambitious digital strategy to develop new dry cleaning consumer behaviours.

After raising funds with Rive Private Investment and some of the Group's shareholders, control was transferred to the Bridgepoint Development Capital fund in 2017, Parquest keeping a very minor share then sold in 2020 simultaneously with Bridgepoint to LGT funds.

MAIN ACHIEVEMENTS

  • December 2014 - 5àSec Group raises €10m of new cash from Rive Private Investment together with mezzanine lenders and the current shareholders.
  • February 2011 - Build-up – 5àSec finalizes a new acquisition in Argentina and expands its presence in the south American continent.
    Learn more… (French version)
  • July 2010 - Build-up – 5àSec strengthens its position in Latin America by acquiring its Master Franchise in Brazil.
    Learn more…
  • 2009-2010 - Build-up – 5àSec acquires 3 networks in France and German-speaking Switzerland.
  • January 2008 - Build-up – 5àSec strengthens its geographical footprint in France by acquiring its main competitor, the Financière de L’Ille group.
    Learn more… (French version)
Investment date July 2007
Divestment date 2020
Sector Textile care services
Deal type MBO
Headquarters Genève (CH)
Turnover (€M) 85
Headcount 950
CEO David Sztabholz