Advention acts as strategic advisor on deal involving Parquest Capital; CM-CIC Investissement

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Parquest Capital, the France-based private equity firm, and CM-CIC Investissement, the France-based private equity firm, along with the management and employees of Caillau, the France-based company engaged in manufacturing of high performance stainless steel clamps for automotive and aerospace industries, has acquired majority stake in the company in a management buyout transaction from Arkea Capital Investissement, the France-based private equity firm, 2JP Finances, the Frence-based investment holding company and ING Belgium SA/NV, the Belgium-based banking and insurance group and a subsidiary of ING Groep N.V., the listed Netherlands-based company that provides banking, insurance and asset management services, for an undisclosed consideration.

Caillau reported turnover of more than EUR 60m for the year 2014 and currently operates with 470 employees. The transaction was financed with mix of mezzanine and senior debt. The transaction will provide new phase in the development to Caillau and will enable Caillau to build a new production site in order to face the steady growth of its sales.

Source Link:
Parquest Capital press release, July 2015

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