Our Deals

We’re proud of our track record of successful deals! And in addition, their specifics can be a great source of information when you’re considering a new project. Read on to learn all the ins and outs:

Mecaplast Group acquired Key Plastics

MP Corporate Finance acted as the exclusive financial advisor to Mecaplast Group in the acquisition of Key Plastics, marking the formation of a new global Top 10 automotive plastics supplier.

Headquartered in Paris, Mecaplast Group is a leading automotive plastics supplier for engine, interior and body parts serving OEMs on a global scale with innovative solutions and superior quality products.

The Group comprises 27 plants, 16 customer services centres, 5 technical centres and 3 skills centres with ~6,000 employees in total spread over 18 countries generating sales of ~€735 million by serving major OEMs. In April 2016, funds managed by Equistone Partners Europe, a leading pan-European Private Equity investor, acquired a majority stake in Mecaplast in order to support the group´s growth strategy with the aim of becoming a global key automotive supplier with over €1 billion turnover.

Key Plastics, based in Livonia, Michigan, operates 12 manufacturing facilities worldwide, including painting facilities in six countries. The company manufactures automotive interior, exterior and under-the-hood plastic components with annual revenue of about $ 415m. It has about 3,500 employees worldwide.

MP Corporate Finance has been retained by Mecaplast Group as exclusive financial advisor supporting the global strategic growth plans in a structured buy-side approach. In the context of the contemplated transaction, the project team of MP acted as the main contact for the Sellers. Following the valuation and drafting of the offer documentation, MP coordinated a global due diligence team consisting of more than 150 people streamlining information flow towards a focused negotiation phase. MP Corporate Finance led the commercial negotiations in close cooperation with the principals and lawyers towards a mutual signing.

Through the transaction, Mecaplast Group will expand its presence in key markets such as the United States, Germany and China, and diversify its customer portfolio. The combined Mecaplast and Key Plastics groups will service all major global automotive manufacturers from facilities in virtually every major international market, offering its diversified customer base a broad portfolio of product capabilities from a truly global manufacturing footprint.

Closing of the transaction is subject to approvals by competition authorities in certain countries and other customary closing conditions.

Logo's of Mecaplast acquired Key Plastics

Mecaplast acquired Key Plastics

The MP team delivered an excellent performance on the deal, both in terms of M&A know-how and execution. They are tremendously reactive, proactive and work hard to provide high standard M&A Advisory. Their help was greatly appreciated by the internal operational due diligence team as well as our C-Suite executives (CEO and CFO). The MP team are first-class M&A professionals I would recommend without hesitation. I look forward to working with them in the future.

Pierre-Olivier Beck, Head of Strategy at MECAPLAST GROUP, France

MP has really brought an added value in each step of this deal, with detailed and accurate selection, direct contacts management, financial and covenants negotiation, supported by constant and fair advice. They helped Mecaplast and Key Plastics to finalise a deal which will create value for both companies.

Pierre Boulet, CEO at Mecaplast Group, France

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