Weinberg Capital Partners acquires CMFT

The acquisition was financed through bank debt and a capital increase subscribed by all shareholders and several Climater key executives.

With the acquisition of CMFT, the combined entity will have sales in excess of €100m, which represents a 20% increase compared with 2012.

The CMFT acquisition is part of Climater's external growth strategy; it is designed to consolidate its presence in the Bordeaux area and increase the weight of its maintenance activity, accounting for circa 20% of CMFT's sales.

A year ago, Climater acquired another company in Bordeaux and one in Montpellier.

Company
Founded in 1987 and based in Bordeaux, CMFT has developed three core fields of expertise: industrial HVAC, HVAC maintenance and electricity.

The company's customer base comprises large industrial groups as well as service companies operating in the Aquitaine region. It has increased its sales in the past three years and reached a €10m turnover in 2012.

People
Bernard Péau is the founder and president of CMFT. Marc Trouchaud is the CEO of CMFT.

Advisers
Equity – Morgan Lewis & Bockius MNP, Anne Tolila, Matthias Grolier (Legal); Advolis, Damien Bourg, Claire Bottemer (Financial due diligence).
Vendor – Société d'avocats Lezenn, Ronan Le Moigne, Pauline Dupuy (Legal).

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