BC Partners acquires MCS

The value of the transaction was not disclosed, however a spokesperson for BC Partners (which also owns Acuris, the parent company of unquote") confirmed the acquisition of a 90% stake.

The fund used for the transaction was BC European Capital X, which is due to close imminently. BC Partners typically invests upwards of €150m in businesses with a turnover of more than €500m.

The deal will be financed by a €270m high-yield bond issue, maturing in 2024 and with a 4.25% coupon. This replaces a previous €200m bond, which came with a 5.75 % coupon.

MCS plans to double its turnover within three to five years, taking advantage of the sub-sector’s growth in the wider market.

Previous funding
Cerberus Capital Management secured a 65 % stake in the business in 2014.

Company
Founded in 1986 in Paris, MCS is a portfolio manager for bank loans, including non-performing loans. It currently manages loans totalling more than €5m in France, of which around €1m are performing loans.

People
Equity - BC Partners, Cedric Dubourdieu (managing partner), Xavier Lemonnier (principal), Pauline Spire (principal). 

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