CM-CIC provides Manuloc with €85m of follow-on funding

The GP has invested €85m in the business. It still holds a minority stake, with the Barthélemy family owning the remainder.

Manuloc will use the capital to accelerate development in France and internationally, with a focus on diversifying into the airport sector.

Previous funding
CM-CIC first invested in Manuloc in 2000, making a follow up investment in 2010. In 2013, it purchased the shares of the company owned by Siparex, which initially invested in 2002, with CM-CIC taking its stake to 16.65%. Siparex achieved a multiple close to 5x.

Company
Established in 1964, Manuloc provides industrial customers with handling equipment, such as forklifts, through both direct sale and leasing. It has around 1,200 staff and is based in Metz in north-eastern France with operations in Poland, Romania, Switzerland and Luxembourg. The firm generates approximately €300m in annual revenues.

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• Topics
• Expansion
• France
• Industrials
• CM-CIC Capital Finance
• France