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 sold its truck business to mutares
MP Corporate Finance acted as the exclusive financial advisor to Mecaplast Group in the carve out of its Truck business to private equity investor mutares as add-on for STS.
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.
In course of the strategic decision to focus on its passenger car core segment, Mecaplast Group divested its Truck business to the German private equity investor mutares.
Mecaplast Group’s Truck business is an established provider of high-quality injection-moulded parts and complete systems for light-weight and heavy trucks. The business consists of two profitable plants based in Izernore and Précigné, France. The two sites generate revenues of c. EUR 70m with 340 employees in total. Both sites are strategically located close to major Truck OEMs.
The acquisition by mutares represents an add-on for its portfolio company STS-Acoustics. STS is a leading provider of innovative solutions for acoustic and thermal insulation supplying almost all European truck manufacturers out of three sites in Italy. Through the acquisition, STS will significantly broaden its customer base and product portfolio.
MP Corporate Finance supported Mecaplast Group throughout the entire carve out process. The transaction team performed a detailed investor analysis and prepared all process-related documentation. MP’s experts managed communication with investors and took the commercial lead in SPA negotiations. MP Corporate Finance executed a tailored M&A process based on deep industry knowledge and extensive transaction experience in the global automotive plastics industry.
Mecaplast, owned by Equistone sold its Truck business to mutares as add-on for STS acouistics
MP has provided Mecaplast a formidable support to make its truck divestment a great success. Dealing with a carve out high complexity, MP has demonstrated a very high level of professionalism, sector intelligence & commercial ability to drive the deal. As a consequence MP is now a strong partner supporting Mecaplast strategy.Francois Sordet, CFO 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
Ready to start?!
Our teams of specialised dealmakers and ambitious M&A
challengers, are ready to take on your challenge – and exceed your expectations, every day.
- Market leader in 8 fields of expertise
- 700+ industrial M&A projects
- 70+ professionals form the largest industrial M&A team
- Adding credibility to your deal
- Maximising your value with our challenger mindset