CM-CIC backs Formes & Sculptures MBO

The buyout sees seven managers become shareholders alongside the founder's son, Mathias Tenenhaus, who has retained a majority stake in the business.

CM-CIC has injected €7.3m into the business, and will support its organic and acquisitive growth in Switzerland and Italy.

Banks including Banque CIC Ouest, CIC Banque Privée, BNP Paribas and Crédit du Nord have provided debt for the transaction.

Company
Founded in 1985 and based in Paris, Formes & Sculptures is a point-of-sale merchandising equipment provider. Its production facilities, based in France, Serbia and China, create merchandising equipment for retail clients. The business employs 550 people, according to its website.

Formes & Sculptures generates a €35m turnover, according to a statement.

People
Formes & Sculptures – Mathias Tenenhaus (owner).
CM-CIC Investissement – Thierry Aubert, Romain Freismuth (investment directors). 

Advisers
Equity – HLP Audit Conseil (legal); CJA Avocats Associes (legal); Nerval Avocats (legal); Atem (legal); Piotraut Gine Avocats (legal).
Company – Pax Corporate Finance (corporate finance); Rozant & Cohen (financial due diligence); Cornet Vincent Segurel (legal); Oderis Consulting (corporate finance); NG Finance (corporate finance).

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• Topics
• Buyouts
• France
• Industrials
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)