Crédit Agricole Private Equity
Our organisation
Key Figures
values
Crédit Agricole
Contacts
LBO Expansion
Venture Capital
Mezzanine
Co-investment
Renewable Energy
Meridiam Infrastructure
Active equity partnership
You are seeking liquidity
Related links
Individual
Institutional investors
Latest News
Press releases
Our investments
Publications
Crédit Agricole Private Equity - English Version> Our Business> Mezzanine> Investments

Mezzanine

Investments

Examples of the Mezzanine team's investments:



Industry/Equipment


Abrisud
Investment: Abrisud
Initial investment: August 2005

Abrisud is the French market leader in fixed or removable swimming pool covers sold to individual customers. The company was bought from the founding family in August 2005 in an MBI backed by funds managed by Atria Capital Partenaires. Mezzanis arranged and underwrote a EUR 11.5 million mezzanine financing.
www.abrisud.com

Bréteche Industrie
Investment: Bretèche Industrie
Initial investment: October 2006

Bretèche Industrie designs, manufactures and installs industrial equipment for the food manufacturing industry. The company enjoys market-leading positions in three market segments: bakery and patisserie products (VMI and Disona), dairy and cheese products (Tecnal and Chalon Megard) and abattoir automation (Norman). Mezzanis co-arranged a EUR 15 million mezzanine tranche in October 2006, at the time of the company's LBO by Banexi Private Equity together with the founder, Unigrain and IDIA.
www.breteche.com

Compin Group
Investment: Compin Group
Initial investment: March 2009

Since 2005, Mezzanis has been supporting Compin Group's strategy to become the global leader in interior outfitting of trains. In March 2009, Mezzanis - which had already arranged mezzanine financing at the time of Compin's primary LBO led by LBO France - provided a similar service for the secondary LBO led by Barclays Private Equity. The arrangement and underwriting of the mezzanine tranche amounted to EUR 16 million.
www.compin.com

Doucet
Investment: Doucet
Initial investment: July 2004

Doucet is one of the largest French manufacturers of cleaning products, insecticides and dyes for professionals and consumers. Its brands, which include Starwax, Kapo, Kiraviv and Purodor, are sold primarily in DIY centres and hardware shops. Mezzanis co-arranged the EUR 9 million mezzanine financing for the initial LBO and two successive acquisitions in 2005.
www.doucet.eu

France Géothermie
Investment: France Géothermie
Initial investment: July 2007

France Géothermie designs and manufactures a range of geothermic and aerothermic heat pumps marketed through a network of exclusive dealers. In July 2007, the company was the subject of an OBO organised by the founding manager together with Banexi, and for which Mezzanis arranged the mezzanine tranche.
www.france-geothermie.com

Hermès Métal Yudigar
Investment: Hermès Métal Yudigar
Initial investment: February 2005

HMY is European market leader in the design and installation of sales spaces. It was taken over in late 2004 in an LBO by funds managed by Sagard and co-investors. Mezzanis contributed 10% of the mezzanine tranche for the operation.
www.hmy.fr

Tiama
Investment: Tiama
Initial investment: February 2008

Tiama, the global leader in visual inspection machines for the hollow glass industry, has extended its activities to the automobile and food sectors. Taken over via LBO France in July 2007, it consolidated its position in February 2008 with the acquisition of SGCC, the number 2 in the hollow glass sector. The company's refinancing at the time of this build-up included a EUR 35 million mezzanine tranche in which Mezzanis took part.
www.tiama-inspection.com
Top

Media


InfoPro Communications
Investment: InfoPro Communications
Initial investment: June 2008

InfoPro Communications is a business-to-business information provider specialised in databases for the automobile, trade fair and trade publications sector. It also owns such leading titles as L'Usine Nouvelle, LSA, L'Argus de l'Assurance and Bedouk (acquired from Aprovia). The company was taken over by Apax Partners via an LBO in June 2007, the financing for which included a EUR 23 million mezzanine tranche partially subscribed for by Mezzanis.
www.groupe-etai.com
Top

Catering industry


Frères Blanc Group
Investment: Frères Blanc Group
Initial investment: February 2006

Frères Blanc Group, founded in the 1930s, is one of the leading actors in the commercial restaurant sector. Its development is structured around two main concepts: large, traditional brasseries and the restaurant chain Chez Clément. In December 2005, the company was the subject of an LBO takeover by CDC Entreprises. Mezzanis made an investment in the mezzanine tranche implemented to finance the transaction.
www.blanc.net

Pomme de Pain
Investment: Pomme de Pain
Initial investment: June 2004

Pomme de Pain is France's fourth-largest sandwich chain with a particularly strong presence in and around Paris. In June 2004 it had about 50 directly-owned sandwich restaurants, plus about 20 run under concessions or franchises. Pomme de Pain was sold in June 2004, via an LBO, to funds managed by Finama Private Equity (Acto) alongside other financial investors and the company's management. Mezzanis arranged EUR 3 million of mezzanine finance for the deal.
www.pommedepain.fr
Top

Services


Fondis Electronic
Investment: Fondis Electronic
Initial investment: June 2008

Fondis Electronic is a distributor of portable and laboratory equipment used for the analysis and control of materials. The products are marketed to property diagnosticians, manufacturers, laboratories and environmental control professionals. In June 2008, the company was taken over via an LBO by OFI Private Equity together with the company's management. Mezzanis supported the transaction by co-arranging two mezzanine tranches totalling EUR 17 million.
www.fondiselectronic.com

Lyonnaise de Garantie
Investment: Lyonnaise de Garantie
Initial investment: March 2008

Created in 1997, Lyonnaise de Garantie is an insurance broker for real estate professionals: developers, property managers, portfolio managers, estate agents, bankers etc. It offers rental guarantee and property damage insurance, sale value insurance and resale value insurance. Via a network of partners, Lyonnaise de Garantie also offers advice on signing and managing contracts, as well as settling claims. In March 2008, the company was taken over via an LBO by MBO Partenaires together with the founder-managers. Mezzanis arranged and underwrote a EUR 7 million mezzanine financing.
www.lyonnaise-de-garantie.com

Regency Entertainment
Investment: Regency Entertainment
Initial investment: January 2007

Regency Entertainment manages two casino/hotel complexes in Athens and Thessalonica, which are ranked as the second- and fourth-largest casinos in Europe. This listed company was the subject of a takeover by BC Partners in 2006, financed by an LBO. The acquisition financing included a EUR 200 million mezzanine tranche in which Mezzanis took part.
www.regency.gr

SCT Telecom
Investment: SCT Telecom
Initial investment: October 2007

SCT Telecom specialises in voice, mobile, installation and internet solutions for businesses. It has 200 employees spread across a network of 22 agencies in France.
www.sct-telecom.fr

Sonovision-ITEP
Investment: Sonovision-ITEP
Initial investment: June 2006

Sonovision-ITEP is a major player in the field of technical documentation and document engineering. The company is active in England, Germany, Canada, France and Romania. Its core activity, the drafting of technical documents, is primarily aimed at equipment manufacturers and users in the aeronautical, space and energy sectors. The company was taken over in 2006 by the funds managed by LBO France alongside other investors. Mezzanis co-arranged the mezzanine tranche in the financing of the operation.
www.sonovision-itep.com
Top

Textile industry


Gérard Darel
Investment: Gérard Darel
Initial investment: July 2008

Gérard Darel is a mid-to-high range women's ready-to-wear brand which is also present in leather goods. The company distributes its products in France and abroad via a network of wholly-owned stores, dealers, affiliates and multiple-brand retailers. In July 2008, the company was taken over via an LBO by Advent International together with the company's founders and management. Mezzanis supported the deal as the lead arranger for a EUR 35 million mezzanine financing.
www.gerarddarel.com
Top
TopPrint this page