FSI Régions invests in Altec MBI

FSI invested via its AEM fund, which provides up to €500,000 in convertible bonds per transaction. MPcroissance, which manages €10.2m, also invests up to €500,000 per deal.

The MBI was arranged to allow Altec's founders to retire. New owner Philippe Gil will head the business going forward.

Altec's founders were represented by local corporate finance firm Horige Conseil.

Company
Founded in 1989 by the Calvet brothers, Altec manufactures agricultural equipment with a particular focus on the livestock market. Based in Morlhon-Le-Haut, it generates a €6.2m turnover and employs 49 people.

People
Thierry Decker led the deal for FSI Régions. MPcroissance was represented by Jean-Bernard Saucede and Sophie Juery.

Advisers
Management – Horige Conseil, Catherine Pini (Corporate finance); Bruno & Associés, Stéphanie Cramaregeas (Legal).

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• Topics
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• Buyouts
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• Small-cap buyout