Sale of SBE (Electronic Repair Services) to Cordon Group

The SBE group, mainly active in after-sales services for electronic products, in particular smartphones, has been sold by the holding companies of the Besème family to Cordon Group. The sold businesses employ approximately 1200 people worldwide and enjoy a turnover in the order of €150M.

Gimar & Co has acted as financial advisor to the sellers.

“The Sale of SBE leads to the consolidation of two major players in the electronics after-sales services market in France and also brings to Cordon Group robust businesses in the UK and in North America, as well as in Portugal and in Poland” says Hubert Chevrinais, Managing Director, Gimar & Co.