Sale of Hild to Chequers Capital

Chequers Capital, alongside M. Didier Namy, President of the Group, and the Management, completed the acquisition of HILD in the context of a secondary LBO. After the buy-out in 2011 from the Hild family, with the support of Abénex, the Management team led by Didier Namy successfully implemented an investment plan and modernization projects for the company. During this period, the group invested more than €10 million, of which about €3 million on the industrial site of Jebsheim, near Colmar. Chequers Capital will support the Group in the elaboration and implementation of its next expansion phase, including opening of new distribution points and widening of the offer, in coherence with the work done in recent years. This strategy should therefore allow HILD to accelerate its development on the basis of a strategic and managerial continuity for the Group. Specialized in the distribution and manufacturing of metal chimney systems and metal products for the building envelope, HILD Group has 350 employees in France, including 100 in Jebsheim, main industrial site. The Group is known by professionals and building material wholesalers through its two main brands, HILD rainwater drainage and MODINOX gas flue systems. The Group has two other industrial sites, Brelat in Thonon les Bains and Hussmann in Colmar, as well as 23 branches for direct distribution to the roof and chimney professionals throughout France. HILD generated a turnover above €100 million in 2015.