BPI France and Garibaldi Participations, holding respectively 36.62% and 6.12% of MP Hygiène’s capital for 5 years, have transferred their shareholdings to Miribel SAS, holding company controlled by the Miribel family. Following this transfer, the Miribel family becomes again the sole owner of all the shares of the group.
This sale of shares along with a Capex development of the Group have been financed by a capital increase of Miribel SAS of more than €7m and a €10m bond granted to MP Hygiène by Fonds Nouvel Investissement 2, which is managed by IDInvest Partners, and a €4.6m senior credit agreement granted by LCL and La Banque Postale to MP Hygiène.
In 2016, MP Hygiène’s turnover will reach €73m with an EBITDA of €10.5m. It employs 190 people to produce 32,000 tones of cellulose wadding.
The Clearwater International team, led by Philippe Guézenec, Managing Partner, composed of Benjamin Zayat, Director, and Matthias Krimmel, Associate, advised MP Hygiène shareholders on this transaction.
Marc Miribel, President, MP Hygiène commented: “I would like to thank BPI France and Garibaldi Participations for the past years of close and fruitful collaboration, which have enabled MP Hygiène Group to continue its development.”
Philippe Guézenec, Managing Partner, Clearwater International added: “This transaction illustrates BPI France and regional investment funds such as Garibladi’s ability to support the investment programs of family owned groups. MP Hygiène was able to modernise its production tools and build a paper mill which will allow them to face the future in all serenity.”