France Transmission 1, the France based fund of TCR Capital, the France based private equity firm, has acquired a 60% stake in D2FC energy valves SAS, the France based company engaged in developing valves for hydropower applications, as part of a management buyout, for an undisclosed consideration.
D2FC generated revenues of EUR 21m in 2012 and has a workforce of 72 employees. Post acquisition, the founders will leave the management of D2FC, but will retain the remaining 40% stake in D2FC.
Bridgepoint Europe IV Fund, the UK based investment fund of Bridgepoint, the UK based private equity firm has acquired Dr Gerard Sp. z o.o., the Poland based company that produces and markets cookies and chocolate products from Biscuits Poult SAS, the France based company engaged in producing biscuit and cookies, for an undisclosed consideration. The deal is estimated to be valued at EUR 118m.
Dr Gerard reported revenues of EUR 70m in 2012 and has a total of. 950 employees. Dr Gerard is expected to generate revenues of EUR 57m and EBITDA of EUR 14m in 2013. The acquisition is in line with Bridgepoint's growth strategy to concentrate on Central and Eastern Europian market, along with focus in the Polish market. The transaction will also help in the future growth and expansion of Dr Gerard in the global market.
Prior in 2010, Biscuits Poult bought Dr Gerard.
Bridgepoint press release, 02 October 2013
The management of Tournus Equipement, S.A.S., the France based company that designs, manufactures and ships stainless steel equipment for professional kitchens, has acquired the company in a management buyout transaction backed by CDC Entreprises, the France based private equity firm, MML Capital Partners Limited, the UK based mezzanine and private equity investment firm and UI Gestion SA, the France based private equity firm, from Qualium Investissement SAS, the France based private equity firm, for an undisclosed consideration.
The management team was led by Mr. Pierre Marcel, Tournus's Chairman. Tournus reported a turnover of more than EUR 40m and employs 200 employees. The transaction enables Tournus to expand its business in the international markets. Post acquisition, MML Capital Partners Limited will hold 21% stake in Tournus and it has invested EUR 10m for the stake. Earlier in 2011, Qualium Investissement had acquired Tournus Equipement in a management buyout transaction.
Qualium Investissement SAS press release, 02 September 2013
Qualium Investissement SAS press release, 02 September 2013 (French)
Dzeta Conseil, the France based principal investment firm, has acquired a 50% stake in My Media S.A.S., the France based company engaged in providing advertising consultancy services including media consulting and purchase of advertising space, valuing the company at EUR 20m.
With this transaction, My Media aims to become an integrated communications group and intends to use the proceeds to pursue targeted acquisitions in customer relationship management.