Siparex et al. acquire Sintex NP for €155m

The transaction forms part of the vendor's strategy to reduce its debt and increase its funding for domestic operations, according to a statement.

Sintex NP will pursue international expansion and look to make bolt-on acquisitions under its new owners. The division has made a number of acquisitions over the course of the last 10 years, bolting on Simop and Sicmo in 2010, Codep and Poschmann Polska in 2012 and Simonin Group in 2014.

The transaction is subject to shareholder and regulatory approval.

Company
Founded in 1930, Lyon-headquartered Sintex NP manufactures plastic and metal electronics for the automotive, aerospace, construction and electronics sectors. The company has additional operations in Germany, eastern Europe and north Africa.

People
Siparex – Florent Lauzet (managing partner).
Sintex NP – Eric Pisani (CEO).
Sintex Plastics Technology – Amit Patel (managing director).

Advisers
Vendor – Investec Capital Services, Mufaddal Cementwala (corporate finance); Natixis Partners (corporate finance); Allen & Overy (legal).

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