Maisoning (France) - Dec 2007

Alma Partners acquired 100% of Maisoning from Lyonnaise des Eaux. Alma was joined by family office Fleming Family & Partners which provided the majority of the investment, but leaves the management of the investment entirely with Alma.

Company

Maisoning was founded in 1965 and specialises in emergency home services. Since its creation it has expanded into renovation and maintenance increasing its range of technical services to include plumbing, heating, locks and electricity. The company was bought by Lyonnaise des Eaux in 2001. Maisoning is based in Tours and employs around 400 people, 330 of which are technicians. The company generated sales of about €35m in 2007 a 10% increase on the previous year.

People

Antony Acciarri and Patrick Lopez worked on the deal on behalf for Alma. Louis Corsi is the managing director of Masoning.

Advisers

Equity - Deloitte, Arnaud Delaunay, Damien Mignot (Financial Due Diligence)Equity - Latham & Watkins, Pascale Prince, Rachid Arras (Tax)Equity - Latham & Watkins, Christian Nouel, Denis Criton, Isabelle Rivière, Thomas Forschbach (Legal)Vendor - August & Debouzy, Emilie Vuillin, Julien Aucomte, Philippe Lorentz, Virginie Devos (Legal)Vendor - Financière de l’Epervier, Bertrand de Saint Rémy, François de Buhren (Corporate Finance)

Sourced from: France unquote" 89 (Mar 2008)

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