M&A Deal Summary

Crédit Mutuel Equity Acquires Technoflex

On July 1, 2017, asset manager Crédit Mutuel Equity acquired plastics company Technoflex from XAnge

Acquisition Highlights
  • This is Crédit Mutuel Equity’s 1st transaction in the Plastics sector.
  • This is Crédit Mutuel Equity’s 97th transaction in France.

M&A Deal Summary
Date 2017-07-01
Target Technoflex
Sector Plastics
Buyer(s) Crédit Mutuel Equity
Sellers(s) XAnge
Deal Type Secondary Buyout

Target

Technoflex

Bidart, France
Technoflex designs, manufactures, and sells plastic flexible bags and connectors for the healthcare industry. It offers polyvinyl chloride, EVA, polyethylene, polycarbonate, and polypropylene plastic bag products to hold the solutions and fluids used primarily for IV infusion, dialysis, transfusion, and other therapeutic applications, such as drug reconstitution. Technoflex was founded in 1972 and is based in Bidart, 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 101 of 180
Sector (Plastics) 1 of 2
Type (Secondary Buyout) 14 of 21
Country (France) 97 of 153
Year (2017) 10 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Itesa

Marseille, France

Itesa is a distributor of alarm and electronic security systems. Itesa was established in 1978 and is based in Marseille, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Dupont Restauration

Libercourt, France

Dupont Restauration offers catering services and operates restaurants. Dupont Restauration is positioned in three activities: on-site catering (management of 400 restaurants), central kitchens (8 in total) and the supply of raw materials for self-managed kitchens. Dupont Restauration was founded in 1969 and is based in Libercourt, France.

Buy -

Seller(S) 1

SELLER

XAnge

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2004
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

XAnge is an early stage investor in Western European startups focused on enterprise data, financial technology, digital media, and tech-enabled services. XAnge was estbablished in 2004 and is headquartered in Munich, Germany.

DEAL STATS #
Overall 32 of 42
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 6 of 9
Country (France) 23 of 31
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 KissKissBankBank

Paris, France

KissKissBankBank is a collaborative platform for funding innovative and creative projects. KissKissBankBank was founded in 2009 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Harvest

Paris, France

Harvest is a software editor and digital solutions creator for wealth management and finance professionals. Harvest was founded in 1989 and is based in Paris, France.

Sell -
Mergr

Product

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