Ardian entres into exclusive negotiations to sell Diam to management

Founded in 1968 and led by CEO and Chairman Michel Vaissaire since 2007, DIAM has evolved into a benchmark player in merchandising retail for luxury and cosmetic brands. 

During its two-year partnership with Ardian, DIAM has continued its strong growth, most notably thanks to significant organic growth across all its activities and geographies, due to significant investments in new business capabilities and the expansion of its product offer. Ardian has played a major role in this strong development which has led to the construction of three new factories and two build-ups.

Ardian has also supported DIAM on its digital transformation journey and in its CSR activities, alongside following market evolutions and providing higher value solutions to its clients. 
The company’s turnover went from €200 million in 2015 to more than €300 million in 2017.

Michel Vaissaire, CEO and Chairman of DIAM Group, said: “We thank Ardian for having been a strong partner in supporting our growth and numerous development initiatives. We are delighted by the role Ardian has played in the company’s expansion. We also want to thank Ardian for their support in our decision to carry out an LMBO and for their support during the process. We thank BNP Paribas Développement for their trust throughout the years and EMZ for placing their trust in us when we enter a new phase of development. 

Arnaud Dufer, Head of Ardian Expansion France, added: “We are delighted to have been able to support DIAM Group and its strong management team throughout these two years of strong performance. We’ve supported the company in a number of strategic initiatives, including the opening of new production sites and in digital and CSR projects. Thanks to these initiatives and to 112 managers who have invested alongside us, we are confident that the company is very well positioned to continue its strong performance in the future.” 

Thierry Raiff, President of EMZ Partners, said: “Our participation in this transaction allows DIAM’s management to take control of the company following its strong performance. The professionalism, strategic vision and cohesion of this team convinced us that the Group has significant potential and we are very enthusiastic to support its development.”