Omnes divests Emalec in management buy-back

Omnes (then Crédit Agricole Private Equity) acquired Emalec in December 2007 in an owner buyout, investing more than €7m in equity in return for a 20-25% stake, according to unquote" data.

The buyout valued the company at €30-35m. A debt facility, provided by Crédit Agricole Centre Est and Banque Populaire Loire et Lyonnais, accounted for half of the deal value.

Under Omnes's ownership, Emalec completed four bolt-on acquisitions and expanded its client portfolio to include Hertz, Swarovski and Thomson Europe.

Company
Founded in 1999 and based in Saint-Genis-les-Ollières near Lyon, Emalec provides maintenance services for branch networks of French specialist retailers, banks and service stations. The company offers services such as air conditioning installation, technical services such as back-office IT, repair work and plumbing.

The company generates turnover of €30m and currently employs 232 staff. At the time of Omnes's investment in 2007, the company was expecting revenues of €20m, according to unquote" data.

People
Omnes partner Eric Ray and investment manager Mikaël Schaller, both of whom are in the mid-cap buyout and growth capital team, worked on the deal.

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