M&A Deal Summary

Crédit Mutuel Equity Acquires Wichard Groupe

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

Acquisition Highlights
  • This is Crédit Mutuel Equity’s 1st transaction in the Diversified sector.
  • This is Crédit Mutuel Equity’s 29th transaction in France.
Investment Fate
  • Wichard Groupe was sold to a consortium of financial buyers in 2018.
  • Wichard Groupe was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2010-01-01
Target Wichard Groupe
Sector Diversified
Buyer(s) Crédit Mutuel Equity
Sellers(s) Better Capital
Paluel-Marmont Capital
Deal Type Secondary Buyout

Target

Wichard Groupe

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

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Buyer(S) 1

Buyer

Crédit Mutuel Equity

Investor Investor Investor Investor Investor

Category Asset Manager
PE ASSETS 2.7B EUR
Size Large
Type Sector Agnostic
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 32 of 180
Sector (Diversified) 1 of 1
Type (Secondary Buyout) 3 of 21
Country (France) 29 of 153
Year (2010) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Auxilium

Essen, Germany

Auxilium is a healthcare holding company of 12 German companies 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) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (France) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-10 Wichard Groupe

Thiers, France

Wichard Groupe manufactures marine hardware products and specialist in hot-drop forging for the medical, automotive, parachute hardware and aeronautic cutlery. Wichard Groupe 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

Investor

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) 1 of 1
Type (Secondary Buyout) 4 of 7
Country (France) 5 of 16
Year (2010) 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 -
Mergr

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