Sale of Mecalectro via an MBO backed by Peninsular Capital

Sector(s)
Industrials
Deal type
Buyout / MBO / Sell your business
Date
December 2019
Countries involved
France

Client

Mecalectro is a French group specialized in the design and manufacture of custom electromagnets for industrial applications

Deal

MBO of Mecalectro supported by Peninsular Capital to organize the full exit of Ciclad, BNP Développement and other shareholders

Parties

Lead team

  • Nicolas Balon

    Nicolas Balon

    Partner France

What we did

Capitalmind assisted Ciclad and BNP Paribas Développement (French Private Equity funds) in the sale of their stake in Mecalectro: from the identification and discussions with French and foreign industrial buyers, to the management of the sales process. This finally led to the takeover offer from a part of the management team, supported by the Peninsular Capital investment fund.

About the deal

Mecalectro is France’s leading manufacturer & marketer of custom electromagnetic materials and equipment for major industrial groups – most notably in the transport, healthcare, aerospace, nuclear and defence industries. The company has more than 100 employees in France, and an annual turnover of 13 million euros.

Since the early 1990s, and after several LBOs, the Mecalectro group has been supported by the Ciclad and BNP Paribas Développement funds, alongside management. After a sales process that included French and foreign industrial buyers, the sellers finally accepted a takeover offer made by part of the management team with the support  of the Peninsular Capital fund.

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