
Capitem Partenaires buys Aluthea in MBO
Capitem Partenaires has acquired a 20% stake in French aluminium foundry Groupe Aluthea, while managers Hugo Texier and Paul Marino will retain the remainder.
The transaction sees Aluthea founder Michel Barbier de La Serre sell his stake in the company.
Banque Palatine, Crédit Coopératif and BCP Millenium provided debt for the transaction.
Company
Aluthea is a French aluminium foundry. Its activities are divided into four sections: sand foundry, gravity and low-pressure die casting foundry, pressure injection casting, and machining and finishing. The company serves several industries, including the lighting, hydraulic, heating and medical sectors.
Founded in 2001 and headquartered in Nantoin, Aluthea has a workforce of 300 people and generated a €30m turnover in 2017. Outside of France, the company has facilities in Portugal, Germany and Tunisia.
People
Capitem Partenaires – Stéphane Grès, Hervé Letoublon (presidents, founders).
Groupe Aluthea – Hugo Texier, Paul Marino (managing directors).
Advisers
Equity – Lamartine Conseil, Cédric Sapède, Camille Ferrat, Audrey Regard (legal).
Management – Ydès Avocats, Marcelo Mazzilli, Florence Grangerat, Edouard Rabatel (legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater