123Venture et al back Global Hygiène MBI

Previous owner Michel Falconet, who had bought the business in 1999, sold its majority stake to incoming president Luc Brami – he however reinvested in Global Hygiène to hold a minority stake.

123Venture and A Plus Finance backed the MBI with convertible bonds. Calliode, which manages two SCR vehicles, invested in equity.

Debt
A banking pool led by LCL provided senior debt to support the acquisition.

Company
Established in 1999, but with roots dating back to 1956, the Global Hygiène group manufactures paper-based products such as tablecloths, napkins, tissues, toilet paper and disposable protective clothing. It supplies businesses in sectors including manufacturing, catering and healthcare.

The Auxonne-based company posted a €43m turnover in 2011 and employs 130 staff.

People
Isabelle Deby and Paul de Fréminville worked on the deal for 123Venture. Niels Court-Payen and Alexandre Villet represented A Plus Finance, while Guillaume Lauilhé led the transaction for Calliode.

Advisers
Equity – ASquare Finance, Renaud Hamelin (Corporate finance); Oderis Consulting, Jean-Christian Raymond, Jean-Baptiste Crucis (Financial due diligence); Squire Sanders, Charles Fabry, Géraldine Massé (Legal); Virgile, Sandrine Hagenbach (Tax); Gide Loyrette Nouel, Joseph Chucri Sehral, Ginevra Marenga (Legal).
Vendor – Fidal, Alexandre Bron (Legal).

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