Mutares AG, a listed Germany-based private equity firm has agreed to acquire heavy duty truck business of Plastic Omnium, a France-based company engaged in the manufacture and sale of automotive components and environmental products and services worldwide, for an undisclosed consideration.
The heavy duty truck business of Plastic Omnium will combine with STS and other two plants, that Mutares had acquired and creates a global truck supplier for cabin components with a total turnover of approximately EUR 400m and 2,700 employees in 15 plants. The transaction would have an accretive impact on the Plastic Omnium Group's profitability.
The heavy duty truck business of Plastic Omnium consists of five plants in France, two in China and respectively one plant in Germany and Mexico with more than 1,500 employees in total and that generated a turnover of EUR 190m. The transaction is subject to labour body procedures in the countries concerned and approval of competent competition authorities and expected to be completed in 2016.
Mutares AG press release, 18 November 2016
Mutares AG press release, 18 November 2016 (German)
Mutares AG press release, 18 November 2016 (French)
Plastic Omnium press release, 18 November 2016
Plastic Omnium press release, 18 November 2016 (French)
Advention Business Partners announces the appointment of François de Montaudouin as Senior Vice President, based in Dubai. François has been Chief Executive Officer of Rallye S.A., Majid al Futtaim Group and Al Rostamani Group. He has been board member of several companies for the past 15 years in France, USA, UAE and Luxembourg.
His experience ranges from privately held growing companies to large listed companies (Casino, Générale de Santé, GoSport) and within various economic sectors such as retail, real estate, healthcare, trading and asset management. In the Middle East, in addition to doubling the size of Majid al Futtaim Group during his 3 years’ tenure, and overseeing the construction of the award-winning Mall of the Emirates, he has set-up the corporate governance of the Group. He is a frequent speaker in conferences.
Advention has been operating for over 5 years in the Middle East through its local office in Dubai, successfully assisting leading family offices/ groups as well as key financials investors (private equity and sovereign) and international corporates. François will bring his extensive private equity, governance and retail/ healthcare expertise and will actively contribute to the continued success of Advention Business Partners in the Middle East.
Cabestan Capital, the private equity fund of Edmond de Rothschild Investment Partners, S.A.S., the France based private equity firm, along with the management team led by Mr. Christophe Cornuejols, has acquired Ipside, the France-based intellectual property consulting company, in a management buy-out transaction, from Mr. Christian Schmit, the France-based private individual having interest in companies engaged in intellectual property consulting, for an undisclosed consideration.
This transaction will help Ipside to strengthen its expansion strategy both in France and in USA and China. This transaction will enable Ipside in further growth and development. The acquisition has received financing from BPCE Group, BPI France SA and LCL. Ipside generated revenue of EUR 15.5m with a workforce of 70 people, including 22 engineers and 13 lawyers patents over 6 local branches in France and 3 internationally.
Ipside press release, 08 September 2016 (French)
Weinberg Capital Partners, the France-based private equity firm, through its fund, Weinberg Capital Partners II, has agreed to acquire Alliance Marine SAS, the France-based distributor of marine equipments and provider of technical services and solutions for yacht and boat builder, for an undisclosed consideration.
Alliance Marine SAS generated a turnover of approximately EUR 75m and has 300 employees.
Autorite de la Concurrence, 21 July 2016 (French)
Consultor.fr publie un article intitulé "Consultants en pays émergents : le goût de l'aventure, une expertise acérée" pour lequel Jean-Michel Schmitt (Fondateur et President de Advention Business Partners) a ete interrogé
Platina Equity Solutions, a France-based fund of PE firm Platina Partners LLP, the UK-based private equity and venture capital firm, has acquired an undisclosed majority stake in Centre d'eXpertise des Progiciels (CXP), a France-based application software analysis and consulting firm which provides assistance service for the evaluation, selection and optimization of software solutions, from Groupe Siparex, CM-CIC Capital Prive, NextStage SAS and Calao Finance, the France-based private equity firms, for an undisclosed consideration.
CXP has a headcount of 140.
Dans le cadre d'une étude pour le compte de l'ARCEP sur le cout de la traduction de toute conversation telephonique en langue des signes ou par écrit , Advention avait estimé à 41 millions d’euros sur dix ans le coût de formation des professionnels de la communication accessible.
Vespa Capital LLP, the UK-based private equity firm, Cathay Capital Private Equity, a France-based private equity firm, and Perspectives et Innovation, a France-based investment holding company having interest in manufacturers of cremation ovens, filtration systems and waste incinerators, has agreed to acquire ATI Environnement, a France-based manufacturer of cremation ovens, filtration systems and waste incinerators, from Mr. Philippe Berchon, a France-based private individual having interest in manufacturers of cremation ovens, filtration systems and waste incinerators, for an undisclosed consideration.
Post acquisition, Vespa will hold the majority stake in ATI. ATI is expected to generate annual revenue of EUR 25m in 2016.
UPDATE 21 March 2016: Vespa Capital LLP, Cathay Capital Private Equity and Perspectives et Innovation have completed the acquisition of ATI Environnement from Mr. Philippe Berchon.
In 2015, Advention was proudly awarded:
An overview of all of our awards is available here.