Peugeot Invest finalizes the sale of its stake in Groupe SEB

Peugeot Invest announced that it had successfully sold its stake in Groupe SEB, consisting of 2,223,674 shares, or approximately 4.02% of the company's capital as of December 31, 2023. The transaction, carried out by institutional private placement via a process of accelerated order book construction, was concluded at a price of €106 per share, thus totaling nearly €236 million.

Following this operation, Peugeot Invest is withdrawing entirely from the capital of Groupe SEB and will no longer be represented in its governance. Since its initial investment in 2004, Groupe SEB has seen its sales more than triple, benefiting from market growth, a move upmarket, the development of Supor in China and entry into the professional market with the acquisition from WMF. The value of Peugeot Invest's investment was multiplied by 4.3, representing a TIR of 10% over twenty years.

Goldman Sachs Bank Europe SE and Natixis acted as global coordinators of the transaction. The finalization and delivery of the shares is scheduled for February 29, 2024. Bertrand Finet, CEO of Peugeot Invest, said that this investment illustrates the company's strategy aimed at creating significant value by supporting leading family groups in the long-term growth markets.