Eurazeo portfolio company sells Molinel

Molinel is part of the larger Elis Group, owned by Eurazeo, which is a major provider of rental and maintenance of workwear, textiles and sanitary equipment.

Molinel is based in northern France and has had a presence in the workwear market there for the past 10 years.

The business was sold via a competitive auction process. It was sold to allow Elis to focus on its core operations.

Company
Molinel is based in France and has a turnover of €30m. It provides workwear through 2,000 locations, mostly in France, but it also has a presence in Belgium and Spain.

People
Eurazeo was represented by Marc Frappier and Eric Shaefer.

Advisers
Vendor – Grant Thornton, Alexandra Bois, Arnaud Belveau-Jean, Michaël Thomas (Corporate finance); Grant Thornton Transaction Advisory Services, Nathalie Margraitte, Quentin Vincent (Financial due diligence); Neovian Partners, Patrick Richer, Chahinez Zeroual (Strategic due diligence).
Acquirer – BDMV Avocats, François-Xavier Vard (Legal); Allouard-Hubert & Associés, Cédric Allouard (Financial due diligence).

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