Our investments

5 à Sec

Date of realisation

July 2007

Invest date

April 2001

Dry cleaning retail chain

ACTIVITY

5àSec was the world’s leading retailer in textile care services, with over 1,500 shops in 25 countries. The initial investment consisted of the global master franchise and a small portfolio of dry-cleaning outlets in France. As of December 2006, the company owned circa 200 corporate shops and operates master franchisees in 8 countries.

VALUE ADDED STEPS PLANNED

The company was strengthened by the addition of the Spanish, Swiss and Portuguese master franchises and by the purchase of more than 70 shops in France. These acquisitions formed part of a strategy to grow the business through the development of retail units in key sites and the purchase of strategic national franchises throughout Europe. In 2003, the group introduced a range of new textile treatment services and also mending services. 5àSec acquired its largest French franchisee (28 shops) in January 2006. The business was successfully sold in 2007 generating a 2.2 times money return on our original investment.

MANAGEMENT

The management team was led by Olivier Bédat CEO, who joined 5àSec in November 2001 from SGS. Olivier previously worked for Mister Minit and IBM. The group financial officer was Bart de Graaf, ex-IKEA and Habitat, who joined the group in September 2002.

5àSec adopted a regional organisational structure with country managers in France, Spain, Switzerland, Portugal, Hungary, Belgium, Luxembourg and China.

www.5asec.com

Contact us

place Luxembourg

15 rue Edward Steichen
Luxembourg L-2540 - Luxembourg
Tel. +352 621 225 802

place Geneva

47 route des Acacias
1211 Geneva, 26 - Switzerland
Tel. +41 79 128 20 44

place Brussels

523 avenue Louise
1050 Brussels - Belgium
Tel. +32 497 38 31 45

place Paris

40 rue du Colisée
75008 Paris - France
Tel. +33 6 31 30 62 23