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SELAS Pharmacie Randazzo

presented by October France

€2,000,000

5.8%

84 months

B+

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location

Location

Bordeaux, France

activity

Activity

Commerce

Presentation of the company

Selas Pharmacie Randazzo is the holding company created in 2005 for the acquisition of Pharmacie Randazzo.

Created in 2005, Pharmacie Randazzo is active in the dispensing chemist in specialised stores  sector. The company, based in Bordeaux, has 18 employees. Since 2005 it is managed by Alain Randazzo who has 17 years of experience in the industry.

Project description

Alain Randazzo wants to sell his share in te company at a valuation based on market standard. Arpilabe & partners wish to borrow 2 000 000 € over 84 months to finance part of the acquisition. The remaining part will be financed by convertible bonds (including 123IM). This project will be realised in the next few months. The amount offered on the platform is limited to 980 000 € which is in line with the regulatory limits. 

As indicated in the project presentation, SELAS Pharmacie Randazzo uses different sources of financing, including investment funds from the 123IM group. Olivier Goy (founder and Chairman of the Supervisory Board of October) created and managed 123IM until 2014, but he is no longer operational within 123IM and has no impact on the management of the funds.

Furthermore, we recall that October’s managers (including Olivier Goy) systematically and significantly invest in all projects presented by October in order to align their interests with those of the lenders.