
Avallon backs MPS International MBO
Avallon has invested in the management buyout of MPS International, a Poland-based cosmetics company, from its Swedish parent MPS Holding.
Following the transaction, the company will look to expand further into the European market through an acquisitive and organic growth strategy.
MPS Holding will continue to act as the company's sole distributor in the Nordic region.
The deal is the third investment to be made from Avallon MBO Fund II. Since announcing its final close in January 2013, the fund has invested in Velvet Care, a manufacturer of daily hygiene products, and Ore, a corporate consultancy company.
Avallon stated it had been actively looking to invest in the cosmetics sector. The GP was attracted to MPS International by the company's management team and the high-profile stature of its clients.
Company
Headquartered in Koszalin, Poland, and founded in 1970, MPS International is a producer of cosmetics. The company has a turnover of PLN 65m (€15.5m).
People
Agnieszka Pakulska is an investment manager at Avallon. Wanda Stypułkowska is president of MPS International.
Advisers
Equity – Gessel (Legal).
Management – Arlig Capital (M&A).
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