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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Impala acquires insolvent Clestra Hauserman Group

Thursday 24 October 2013

On 15 October the commercial court in Strasburg accepted a takeover offer for the French Clestra Hauserman Group, which has been under compulsory administration since November 2012. The French Impala Group, under the management of Jacques Veyrat as majority shareholder as well as the two former Clestra managers Jean-Paul Chaudron and Jean-Luc Bikard, had submitted the takeover offer in September, as a consequence of which the decision by the commercial court scheduled for 23 September concerning a continuation of the company was postponed once again until 14 October. Prior to this, former Clestra manager Xavier Négiar had submitted a continuation plan, and a decision concerning this plan was originally to be taken on 19 August. The financing of this continuation plan was, however not completely clear. The Bpifrance bank is now to participate in the recently concluded takeover with a sum of €1m in new funds and a further €3m for the refinancing.

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