Trocadero Capital Partners is pleased to announce its exit from Dragon Bleu. The original investment took place in 2016 through a sponsorless transaction allowing the founder Franck Dupuis to purchase minority shareholders equity.
Over the last four years, Dragon Bleu has strongly improved its results in France and abroad: the sales have more than doubled, and the EBITDA has tripled. These strong results have convinced a pool of banks to refinance the existing group indebtness including Trocadero Capital Partners’ bonds. The holding company also bought back the warrants allowing the Fund to realize a good return.
Founded in 2004, Dragon Bleu is specialized in designing and distributing martial arts articles (clothing, equipment and accessories), mainly distributed under its Venum and Ringhorns brands through the group’s websites and third parties. Dragon Bleu is among the world leaders in equipment and clothing for fighting sports like MMA, boxing and Brazilian jujitsu.
More recently, Dragon Bleu has diversified its activities towards fitness with the creation of a dedicated product range and the opening of several « Venum Training Camp ».
The mezzanine financing provided by Trocadero Capital Partners allowed Dragon Bleu to preserve its cash flow generation during a fast-growing period with several organizational issues such as logistics and working capital.
Dragon Bleu and its brand Venum are now starting a new development stage, with a strong international focus.
This is the fifth exit for the Fund Trocadero Croissance & Transmission II.
About Dragon Bleu : www.dragonbleu.fr
About Venum : https://euro.venum.com/fr/