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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.

Source Link:
Qualium Investissement SAS press release, 02 September 2013
Qualium Investissement SAS press release, 02 September 2013 (French)

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