The seller :
Founded more than 30 years ago from a merger of several wholesalers, CODIS group designs, manufactures and delivers textile articles (underwear and ready-to-wear) for major retailers in France. Products range, mostly renewed every year, consists of more than 1 500 articles of clothing and underwear belonging to the brands’ company.
Shareholders were looking for expert in the sector to dispose their company.

The buyer :
Alain COHEN AKNINE carried the acquisition project through a holding called MODALLIANCE by investing significantly with key managing shareholders.
With the support of SOCIETEX CORPORATE FINANCE, he raised several millions from Entrepreneur Venture and Ouest Croissance private equity funds. Senior debt was raised from three different regional banks.


This operation has been carried out in May 2014 with a MBI process through MODALLIANCE holding which associates Alain COHEN AKNINE and two funds.


Transition has been ensured by former managers.


SOCIETEX CORPORATE FINANCE supported Alain COHEN AKNINE through the purchasing process of CODIS.
- Activity
- Market position
- Transaction expectations
- Identifying potential targets
- Defining a strategic approach after reaching IMAP network and in agreement with the client
- Contacting approved targets by the client
- Organizing management presentations
- Advising on a proper arrangement
- Negotiation with shareholders, studies, valuation and establishment of proposals
- Financial engineering of the financial package and fund raising (Equity and senior debt)

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