Scac
Strategic Concepts & Mechanics
Primary Evidence
"It must be said that when it comes to ambition, Bolloré is abundantly endowed. By 1999, he had already successively swallowed up Scac, taken a bite out of Delmas-Vieljeux, plundered the Rivaud group, and taken a big chunk of the assets from the Seydoux and David-Weill families... Not to mention his raid against Martin Bouygues, a member of Entreprise et Cité, foreshadowing the ability of the big predators to devour each other."
"the sole results of the Bolloré SME, even when restored, did not allow for the 250 million francs check demanded by Suez for Scac to be signed. The banker Antoine Bernheim, Vincent's true godfather in the Parisian establishment, was therefore going to work on both convincing the seller and providing sources of financing: by inventing the 'Breton pulleys' system, a cascade of holdings that allowed for the housing of funds from partners willing to remain minority shareholders; and by nurturing the IPO of Bolloré Technologies as early as 1985.""
""Vincent Bolloré started with a business that existed but was not worth much. We chose a number of targets, one in tobacco, and then a chartering company: Scac," recalls Antoine Bernheim."