Latour Capital has fully exited its investment in Nextpool to a consortium of private equity funds led by B & Capital, comprising BNP Paribas Développement, Bpifrance, Alliance Entreprendre and Garibaldi Participations.
Latour was invested in Nextpool since December 2014, through its first-generation vehicle. Nextpool represents
our sixth exit from Latour Capital I.
Nextpool is the French leader in the design, manufacturing and delivery of bespoke swimming pool equipment.
The company is renowned for its just-in-time customised production and its installation capabilities. The
company’s product positioning is mid / high-end, and its clientele is entirely B2B. Its products include swimming
pool safety covers, swimming pool liners, water treatment products and sun protection equipment.
The market is benefiting from positive market dynamics, including increasing appetite from end-clients, ageing
of the population, global warming and ‘stay-at-home’ trends. In this context, Nextpool will achieve 2020 revenue
at c.€65m, up +13% vs. 2019 of which in excess of 25% from exports.
Nicolas Osanno, Nextpool CEO, states : “Nextpool has experienced a phase of sustained growth between 2014
and 2020, illustrated by a doubling of its revenue. We are delighted to launch this new development phase with
B & Capital. Our ambitions are to consolidate our market share in France and increase our exports, whether
organically or inorganically”.
Some other law firms were part of the deal: Lamy Lexel advised the managers while AyacheSalama acted for the buyers and DLA Piper was the unitranche debt provider’s one.