Merieux Equity buys Plantex

The deal was supported with a senior debt package provided by Societe Generale and a mezzanine facility deployed by Cerea Partners.

The GP invested in the company via Merieux Participations 3, which was launched in July 2018 and closed on €377m in January 2020, surpassing its initial €350m target. The fund backs French companies primarily operating across the food and healthcare industries.

The GP intends to support Plantex in boosting its growth both organically and via a buy-and-build strategy, while strengthening its market position and further bolstering its international expansion.

Company
Established in 1990 and based in Saint-Michel-sur-Orge, near Paris, Plantex specialises in producing plant extracts for the food, cosmetics, nutraceutical and animal nutrition industries. Its products comprise dry and liquid extracts from 250 plant varieties and include organic and tailor-made extracts.

Plantex employs 75 staff and generates annual revenues of around €30m.

People
Merieux Equity Partners – Thierry Chignon (managing partner).
Plantex – Aicha Debaisieux (president).

Advisers
Equity – 8Advisory (financial due diligence); Advancy (commercial due diligence); Duteil Avocats (legal); CMS (tax); Lincoln International (corporate finance).

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• Topics
• Buyouts
• France
• Consumer
• France
• Lincoln International
• Cerea Partners
• Societe Generale