Equistone to buy Meilleurtaux

Equistone is reportedly looking to wholly acquire Meilleurtaux in a transaction that could be valued at around €20m.

BlackFin Capital Partners and JC Flowers were also tipped as potential buyers for the business. BPCE mandated HSBC to find an exit route from Meilleurtaux, which it had first backed in 2007, just before the sub-prime mortgage crisis. BPCE increased its stake and delisted the business in 2009 for an overall investment reported to stand at nearly €200m.

Equistone recently closed its Equistone IV fund on €1.5bn. Shortly after, it entered negotiations to acquire French food machinery business Groupe Brétèche.

Company
Founded in 1999, Meilleurtaux connects future owners looking for a real estate mortgage with banks in order to offer them the best financing solution. Meilleurtaux also offers consumer credit and insurance.

Based in Paris, Meilleurtaux operates both online and via 160 agencies across France.

People
Equistone managing partner Guillaume Jacqueau worked on the transaction.

Advisers
Equity – SJ Berwin, Thomas Maitrejean, Augustin Fleytoux (Legal); Roland Berger, Philippe Removille, Ciril Faïa, Benjamin Entraygues (Commercial due diligence); 8-Advisory, Lionel Gérard, Christian Klingler, Hicham Ezzahiri (Financial due diligence); Racine, Mélanie Coiraton-Mavré (Other due diligence).
Management – Callisto, Eric Delorme, Paul Lorenzoni (Corporate finance); Jeantet, Nicolas Partouche, Guillaume Fornier (Legal); KPMG, Raphaël Jacquemart (Financial due diligence).

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• Topics
• France
• Buyouts
• Financials
• France
• Equistone Partners Europe
• Small-cap buyout