Deals

Mecaplast Group entered into an agreement to purchase Key Plastics

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Datum:
2016
Branche:
Automotive Plastics
Länder:
France, USA
Competences:
Buy side, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Mecaplast Group in the acquisition of Key Plastics, marking the formation of a new global Top 10 automotive plastics supplier.

Headquartered in Paris, Mecaplast Group is a leading automotive plastics supplier for engine, interior and body parts serving OEMs on a global scale with innovative solutions and superior quality products.

The Group comprises 27 plants, 16 customer services centres, 5 technical centres and 3 skills centres with ~6,000 employees in total spread over 18 countries generating sales of ~€735 million by serving major OEMs. In April 2016, funds  managed  by Equistone Partners Europe, a leading pan-European Private Equity investor, acquired a majority stake in Mecaplast in order to support the group´s growth strategy with the aim of becoming a global key automotive supplier with over €1 billion turnover.

Key Plastics, based in Livonia, Michigan, operates 12 manufacturing facilities worldwide, including painting facilities in six countries. The company manufactures automotive interior, exterior and under-the-hood plastic components with annual revenue of about $ 415m. It has about 3,500 employees worldwide.

MP Corporate Finance (MPCF) has been retained by Mecaplast Group as exclusive financial advisor supporting the global strategic growth plans in a structured buy-side approach. In the context of the contemplated transaction, the project team of MPCF acted as the main contact for the Sellers. Following the valuation and drafting of the offer documentation, MPCF coordinated a global due diligence team consisting of more than 150 people streamlining information flow towards a focused negotiation phase. MP Corporate Finance led the commercial negotiations in close cooperation with the principals and lawyers towards a mutual signing.

Through the transaction, Mecaplast Group will expand its presence in key markets such as the United States, Germany and China, and diversify its customer portfolio. The combined Mecaplast and Key Plastics groups will service all major global automotive manufacturers from facilities in virtually every major international market, offering its diversified customer base a broad portfolio of product capabilities from a truly global manufacturing footprint.

Closing  of  the  transaction  is  subject  to  approvals  by  competition  authorities  in  certain  countries  and  other customary closing conditions.

Aluflexpack Group acquired Eliopack

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Datum:
2015
Branche:
Food & Beverage, Healthcare, Packaging, Plastic
Länder:
Croatia, France
Competences:
Buy side, Cross border

MP Corporate Finance acted as the exclusive financial advisor to Aluflexpack Group, a European leader of flexible aluminium packaging solutions in the acquisition of French pharma and food packaging converter Eliopack.

Aluflexpack Group supplies innovative and high-quality flexible packaging solutions mainly to the dairy, confectionary, general human and pet food industry. Due to its distinct expertise in converting aluminium and plastic foils to premium packaging products AFP is the preferred supplier to leading global players and has long-standing relationships to Blue Chip customers. The company operates 6 production locations and generates revenues of more than € 120 million with about 700 employees.

Based in La Ferté Bernard, France, Eliopack laminates, prints, and slits films and foils for selected applications. With its leading-edge production technology Eliopack is a specialized supplier of blister foil, sachets and sleeves for the pharmaceutical, cosmetics and food sector. The company generates over € 20 million revenues with about 50 employees.

As part of the Montana Tech Components Group AFP pursues an active growth strategy to become one of the leading European flexible packaging players. The acquisition of Eliopack is a key strategic move in AFP’s European expansion plans. The transaction broadens AFPs geographic footprint and strengthens its activities in pharmaceutical and cosmetics packaging.

Solutions 30 S.E. acquired Connecting Cable GmbH

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Datum:
2014
Branche:
Business Services
Länder:
France, Germany
Competences:
Buy side, Buy&Build, Cross border

MP Corporate Finance acted as the exclusive financial advisor to French stock-market listed Solutions 30 SE in the acquisition of German Connecting Cable GmbH, a provider of B2B telecommunication-field-services.

Listed at NYSE’s Alternext market, Solutions 30 is a French service provider in the area of new digital technologies. With more than 1,700 employees, the company serves both the B2B as well as the B2C markets and caters to all industry sectors, amongst others IT/Telecom, Energy, Banking, Hospitality and Retail. Founded in 2003, Solutions 30 today is a leading player in Europe and recorded sales of € 94 million in 2013. The company continues to grow and aims expanding its activities further into additional regional markets in Europe.

Connecting Cable GmbH is a major contractor to leading German internet and telecommunication network carriers. The company offers network termination, last-mile installation and connection set-up services directly at the customer’s premises and employs one of the largest pools of field technicians in Germany, making it a considerable, independent player in the German market.

Following the acquisition of B+F Elektrotechnik in 2013, the acquisition of Connecting Cable GmbH marks a further step in Solution 30’s growth strategy in the German telecommunications market, and thus a successful continuation of its Buy-and-Build Strategy that MP Corporate Finance developed together with its Client.

Solution30 acquired assets of B+F Elektrotechnik

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Datum:
2013
Branche:
TIMES
Länder:
France, Germany
Competences:
Buy side, Buy&Build, Cross border, Distressed M&A

MP Corporate Finance acted as exclusive financial advisor to Solutions 30 S.A. in the acquisition of the assets of B+F Elektrotechnik GmbH.

Listed at NYSE’s Alternext market, Solutions 30 is a French service provider in the area of new digital technologies. With more than 1,500 employees, the company serves both the B2B as well as the B2C markets and caters to all industry sectors, amongst others IT/Telecom, Energy, Banking, Hospitality and Retail.

In pursuit of its growth strategy, Solutions 30 acquired the assets of insolvent B+F Elektrotechnik GmbH, a provider of B2B and B2C telecommunication installation services. B+F is an important contractors of one of Germany’s largest internet service providers. Solutions 30 acquired some of the major assets to further develop B+F’s business operations in future.

Founded in 2003, Solutions 30 today is a leading player in Europe and recorded sales of € 77 million in 2012. The company continues to grow and aims to further expand its activities into additional regional markets in Europe.

MP Corporate Finance was retained to develop and conduct a structured Buy-and-Build process in the German IT/telecommunication services market, where Solutions 30 strives to further develop its footprint in the area of B2B network termination installation and last mile services.