Didier Cazeaux, a wealthy entrepreneur helping Voxan

The Clermont-Ferrand Commercial Court today granted the takeover of Voxan to the Development and Participation Company of businessman Didier Cazeaux, happy buyer of luxury yachts Guy Couach and 183rd fortune in France.

457,347.05 euros: this is exactly the amount that will have to be paid by the Societe de developpement et de participation, a portfolio management company belonging to Didier Cazeaux and based in Merignac, in Gironde, which was granted today. hui the takeover of Voxan by the Clermont-Ferrand commercial court.

The court therefore preferred the offer of Mr. Cazeaux to those of Didier Tirard, the plant director, and Jean-Charles Corbet, the CEO of AirLib acting on behalf of Belgian and Luxembourg investors. As for the fourth candidate, the Greek importer of Ligier carts, Cristos Chrisochoidis, he simply did not appear at the hearing..

The court ruled that Didier Cazeaux’s offer was "the most favorable financially and socially": the Societe de developpement et de participation has in fact committed to pay nearly 460,000 euros and to take on 16 employees initially, while Jean-Charles Corbet proposed 120,000 euros and the takeover of the same number of employees , and that Didier Tirard could only align 90,000 euros by saving only four jobs. Mr. Corbet’s offer also provided for "significant modifications to the machines, in particular following a study of a new chassis".

However, the court considered that it would be risky to embark on a project leading to a product without real parentage with the initial productions, insofar as "everyone agrees that Voxan’s only success comes down to the quality of the motorcycles it was able to produce".

Presumably scalded by the MerkerYshima experience (read), the employees and the liquidator shared their "more serious concerns about the sustainability of such a recovery", and marked their preference in favor of the other two candidates. But if Didier Tirard’s offer was judged"completely technically feasible"by the court, she"sinned by the lack of financial means presented in its support, limiting from the outset the social aspect of the recovery".

Finally, Didier Cazeaux’s company had improved its initial offer on the eve of the hearing on June 11, bringing its buyback price to 457,347.05 euros (compared to 152,449.02 initially) and to 16 the number of employees taken over (instead of 14). Didier Cazeaux is now planning an effective restart of Voxan at the end of 2002 or the beginning of 2003, with initially a modest annual production of 700 motorcycles.

Let us wish him in this new adventure a success comparable to that which he had with the purchase, in 1996, of the shipyards of luxury yachts Guy Couach, then on the verge of bankruptcy: based in Gujan-Mestras (Gironde) and listed on the Paris Stock Exchange, Guy Couach is currently growing and has a turnover of 33 million euros. Didier Cazeaux, born December 4, 1953, in 2001 won the Entrepreneur’s Grand Prix for the South-West region awarded by Ernst & Young and the magazine The company.

Holding nearly 90% of the capital of Guy Couach, real estate developer and "shrewd businessman capable of sniffing out the right moves", Mr. Cazeaux is at the head of the 183rd fortune of France according to the classification of New Economist.

Eric MICHEL

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