About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.

Members

Login to access your exclusive member-only content and account information.

Login

Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Private equity in action - Case Study

Saverglass

Back to results
Country France
Region Picardie
Investor NIXEN, Omnes Capital
Share

Private equity skills and know-how have transformed Saverglass into a world leader in the design and manufacture of glass bottles and decanters for fine wines and spirits. Thanks to investment from Omnes and NiXEN Partners, Saverglass built new facilities in Arques, more than doubling production to 300,000 tonnes over a five-year period. A refocusing of the business helped Saverglass secure drinks-maker clients in the champagne and brandy markets: it now has a 50% market share of the premium and super-premium segment.

In 2011, when fellow private equity firm Astorg took over with fresh finances and plans to cement Saverglass’s position in the top-end glass market, revenues had increased by over a quarter and jobs by over 40%. The company continued its growth story with Astorg, before being sold to the Carlyle Group in 2016.

Loïc Quentin de Gromard

Chairman

Saverglass

I am delighted with our five years of partnership with NiXEN and Omnes Capital and their support during this key stage of Saverglass's development. Quotation Marks Graphic
40%

increase in employment or new 600 jobs

130%

increase in production capacity

What did the business need?

  • Capital for a new furnace to increase production
  • Support to expand internationally, particularly into emerging wine and spirits markets
  • Focus on product innovation

How did private equity backing create lasting value?

  • Invested c.€80m in the company’s fifth furnace in Arques
  • Improved product mix and market penetration
  • Focused on high-margin, fast-growing premium glass segment
  • Increased focus on strong growth Asian markets
  • Strengthened customer base in emerging wine-growing regions and with global super-premium spirit brands

What outcomes did private equity investment achieve?

  • Took employee numbers to 2,200 in 2011 from 1,600 in 2006
  • Increased production capacity by 130% to 300,000 tonnes annually
  • Increased turnover to €280m in 2010 from €220m in 2006
  • Grew sales at an average of 6.5% a year

More information

NIXEN

Omnes Capital

Share

What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies

Login

Join today

This is for members only. To view in full login or join Invest Europe today.