Naxicap Partners, EPF Partners, managing families Mollard and Cornier and an individual investor launched a takeover bid to acquire remaining stake in Thermocompact Société Anonyme from Alto invest, Tikehau Capital, Lazard Frères Banque SA, Investment Arm, Inocap SA and other investors for 16.8 million.
January 07, 2013 at 11:00 pm
Share
Naxicap Partners, EPF Partners, an individual and managing families Mollard and Cornier launched a takeover bid to acquire remaining 48.04% stake in Thermocompact Société Anonyme (ENXTPA:THER) from Alto invest, Tikehau Capital, Lazard Frères Banque SA, Investment Arm, Inocap SA and other investors for 16.8 million on December 21, 2012. Under the terms, buyers group will pay 22.7 per share. To finance the transaction, the buyer will receive a mezzanine of 5 million by IFE Mezzanine, and a senior debt of a maximum of 10 million. Alto Invest will sell 12.4% stake, Lazard Frères Banque 5.15% stake, Tikehau Capital 5.11% stake and Inocap 4.98% stake. The transaction will enable Naxicap to control almost the entire capital of Thermocompact. The transaction is subject to the approval of French stock market regulator AMF.
Thibaut de Monclin of Aelios Finance acted as financial advisor and Olivier Renaud and Stéphane Rodriguez of Lamartine Conseil acted as legal advisors to Naxicap Partners and EPF. Cyrille Gonthier and Hortense Vourc'h of Portzamparc Société de Bourse acted as lead managers and book runners and Olivier Grivillers of Crowe Horwath acted as fairness opinion provider for Thermocompact Société Anonyme. Dominique Fouquoire and Julien Meir of IFE Mezzanine were involved in the transaction. Grant Thornton France acted as the due diligence advisor to the Management.
Tikehau Capital is an asset management and investment group which manages c. EUR 38.8 billion of assets and has 3.1 billion of shareholders' equity at the end of 31/12/2022. The group invests in various asset classes (private debt, real estate, private equity, and liquid strategies), including through Tikehau IM (an asset management subsidiary that operates on behalf of institutional and private shareholders).
Controlled by its managers alongside first-tier institutional partners, Tikehau Capital has 742 employees in offices in Paris, London, Brussels, Madrid, Milan, Seoul, Singapore, New York, Tokyo, Luxembourg, Amsterdam, Frankfurt, Tel Aviv and Zurich.
Naxicap Partners, EPF Partners, managing families Mollard and Cornier and an individual investor launched a takeover bid to acquire remaining stake in Thermocompact Société Anonyme from Alto invest, Tikehau Capital, Lazard Frères Banque SA, Investment Arm, Inocap SA and other investors for €16.8 million.