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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.

Source Links:
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)

Photo FrancoisAdvention 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.

Source Link:
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.

Source Link:
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

Source: http://www.consultor.fr/devenir-consultant/actualite-du-conseil/4488-consultants-en-pays-emergents-le-gout-de-l-aventure-une-expertise-aceree.html

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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.

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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.

Awards 2015

In 2015, Advention was proudly awarded:

  • The DealMakers Global Award as ‘Strategic Advisory Firm of the Year – France ’
  • The Intercontinental Finance Magazine Award as ‘Premier Corporate Strategy Consulting Firm – Europe ’
  • The Corporate International Global Award as ‘Corporate Recovery Specialist Firm of the Year – France ’

An overview of all of our awards is available here.

The management of Briconord Sarl, the France-based manufacturer of wooden, aluminium and plastic construction products, alongwith Amundi Private Equity Funds and Societe Generale Capital Partenaires SAS (SGCP), the France-based private equity firms, have acquired the company is a management buyout transaction from Evolem SA, the France-based private equity firm, and Mr. Patrick Simonet, the France-based private individual having interest in manufacturers of wooden, aluminium and plastic construction products, for an undisclosed consideration.

Mr. Patrick Simonet, the director of Briconord, will step down but reinvested alongside Amundi and SGCP and will remain a shareholder of the company. Mr. Christian Guillou, President of Briconord, will become the new CEO of the company. Earlier in 2012, Evolem acquired Briconord from Nordlinger framily for an undisclosed consideration.

Source Link:
Credit Agricole SA press release, 4 January 2016 (French)
Aelios Finance press release, 16 December 2015 (French)

logo 21partners

21 Centrale Partners, a France-based investment firm of 21 Partners S.p.A., an Italy-based private equity firm, along with the founding members of Impact Sales & Marketing, a France-based company engaged in sales force outsourcing, commercial animation in retail distribution and merchandising for corporate clients, has acquired the company in a management buyout transaction, for an undisclosed consideration.

21 Centrale has acquired a majority stake while the three founding members, Mr. Francois Crepin, Mr. Remi Gammal and Mr. Francois Leveque, have reinvested in Impact to retain a minority stake. The investment allows Impact to diversify its service portfolio and expand operations in France and abroad. Impact reports annual sales of EUR 50m.

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Cerea Partenaire and Unigrains SA, the France-based private equity firms along with the management of Ste Comtoise de Specialites Fromageres, the France-based manufacturer of cheese products, has acquired the company, in a management buy out transaction, from Ouest Croissance SCR and Industries & Finances Partenaires SA, the France-based private equity firms, for an undisclosed consideration.

The management team led by Mr. Michel Vanhove, the President and Founder of Comtoise, will retain a minority stake in the company. Comtoise reported revenues of EUR 26m in 2014 with a workforce of 35 employees. Industries & Finances made an 18% return on investment. In June 2007, Industries & Finances along with some external management, had acquired Comtoise, in a management buy in transaction.

Source Link:
Unigrains SA press release, 04 September 2015 (French)

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The UK based plateform Consultancy.uk relays the annual ranking published by Consultor.fr and ESCP-EAP for the reputation of Strategy consulting firms in France among graduates.

Advention ranks #18 overall.

logo idi isla

Groupe IDI, the listed France-based private equity firm, along with the management of Isla Delice, the France-based meat delicatessen, frozen and ready meal producer, has acquired the company in a management buyout transaction, from Naxicap Partners, the France-based venture capital firm, for an undisclosed consideration.

Under the terms, Jean-Daniel and Frederique Hertzog, the founders of Amalric, has retained their 51% stake in the company. Amalric reported revenue of EUR 50m in the year 2014. The transaction has been financed with senior debt financing arranged by BNP Paribas, Societe Generale, Banque Populaire Rives de Paris and Caisse d'Epargne et Prevoyance Ile-de-France and mezzanine financing arranged by Tikehau Investment Management.

The tranaction will enable Amalric to strengthen its leadership by expanding its offering in France. The tranaction will also enhance Amalric to expand overseas.

Prior to the acquisition, Naxicap Partners held 49% stake in Amalric.

Source Link:
Groupe IDI press release, 22 July 2015

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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

Advention Business Partners

Head office: 6 rue Anatole de la Forge 75017 Paris, France +33 1 53 43 88 58