CM-CIC, Unexo and Capitem exit Martin Calais
CM-CIC Investissement, Unexo and Capitem Partenaires have sold their stakes in heavy construction company Martin Calais after a three-year holding.
The three GPs will be selling their 34% stake in Martin Calais to CDER Investissements – a family holding led by Christian Knapp, who used to head aerospace maintenance firm Revima Group prior to its sale to Argos Soditic in March this year. The transaction also sees Martin Calais head Jean-Paul Bailleul sell his shares to CDER.
A debt restructuring will be part of the deal.
Previous funding
In July 2014, CM-CIC Finance, Unexo and Capitem provided expansion funding to Martin Calais, taking a 35% stake in the company.
Company
Martin Calais was established in 1946 and provides construction services involving prefabricated and modular buildings. Structures built by Martin Calais include offices, dormitories and medical buildings.
The company is headquartered in Saint-Jean-de-la-Neuville. It employs around 100 people and generates €18m in revenues, up from €13.8m in 2013.
Advisers
Acquirer – Coblence & Associés, Alexandre Brugière, Marion Fabre (legal); PLM Avocats, Fabienne Goubault, Morgane Michel (legal).
Vendors – Plantrou-de La Brunière & Associés, Arnaud de la Brunière (legal).
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