M&A Deal Summary

Credit Mutuel Equity Acquires Wichard Group

On January 1, 2010, asset manager Credit Mutuel Equity acquired diversified company Wichard Group from Better Capital and Paluel-Marmont Capital

Acquisition Highlights
  • This is Credit Mutuel Equity’s 1st transaction in the Diversified sector.
  • This is Credit Mutuel Equity’s 31st transaction in France.
Investment Fate
  • Wichard Group was sold to a consortium of financial buyers in 2018.
  • Wichard Group was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2010-01-01
Target Wichard Group
Sector Diversified
Buyer(s) Credit Mutuel Equity
Sellers(s) Better Capital
Paluel-Marmont Capital
Deal Type Secondary Buyout

Target

Wichard Group

Thiers, France
Wichard Group manufactures marine hardware products and specialist in hot-drop forging for the medical, automotive, parachute hardware and aeronautic cutlery. Wichard Group was founded in 1919 and is based in Thiers, France.

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Buyer(S) 1

Buyer
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.


DEAL STATS #
Overall 34 of 188
Sector: Diversified M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 21
Country: France M&A 31 of 161
Year: 2010 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Auxilium

Essen, Germany

Auxilium is a healthcare holding company providing a wide assortment of medical aids to end-users. The company provides products and consulting services in the areas of home care, rehabilitation, orthopedics and shoe technology, as well as medical technology. Auxilium was founded in 2009 and is based in Essen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 ITL Equipment Finance

Paris, France

ITL Equipment Finance is an equipment leasing specialist in health, environmental and industrial sectors offering flexible, scalable and tailor-made financing solutions. ITL Equipment Finance was founded in 1995 and is based in Paris, France.

Buy -

Seller(S) 2

SELLER

Better Capital

Guernsey, United Kingdom

Category Private Equity Firm
Founded 2009
PE ASSETS 552M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Better Capital LLP is a private investment firm specializing in acquiring operational and acquisition turnaround of underperforming middle-market companies located in the UK and Ireland. The Firm looks to invest £50 million in companies with revenues between £25 and £500 million. Better Capital is a consultant to the general partners of BECAP Fund LP and BECAP12 Fund LP. The Firm was formed in 2009 and is based in Guernsey.


DEAL STATS #
Overall 1 of 8
Sector: Diversified M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-10 Wichard Group

Thiers, France

Wichard Group manufactures marine hardware products and specialist in hot-drop forging for the medical, automotive, parachute hardware and aeronautic cutlery. Wichard Group was founded in 1919 and is based in Thiers, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-05 Gardner Group

Ilkeston, United Kingdom

Gardner Group Ltd. manufactures and supplies metallic aerospace details and sub-assemblies for the aviation sector in Europe and internationally.

Buy £20M
SELLER

Paluel-Marmont Capital

Paris, France

Category Private Equity Firm
Founded 1992
PE ASSETS 100M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Paluel Marmont Capital is a French private equity group focused on small to medium-sized company acquisitions. The Firm does not have any sector preferences and pursues businesses with revenues between €10 to €150 million. Paluel Marmont Capital is the private equity arm of Paluel Marmont Group. The Firm is based in Paris.


DEAL STATS #
Overall 5 of 16
Sector: Diversified M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 7
Country: France M&A 5 of 16
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-15 Quadrimex Group

Cavaillon, France

Quadrimex Group is a distributor of high value-added specialty chemicals, road de-icing solutions and specific dehydration. Quadrimex Group was founded in 1986 and is based in Cavaillon, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 F2I Group

Vincennes, France

F2I is a group of vocational training and continuing education training in alternation, mainly in the field of computing.

Buy -