Clearwater International advises LBO France on the acquisition of Mont Blanc Materne

Clearwater Advisor

Clearwater International and DC Advisory Partners have advised LBO France on the acquisition of the MOM Group, along with its management, through the White Knight VIII fund.

MOM group is the market leader of stewed fruit and dessert cream. The group, which expects a revenue of €185m in 2010, was constituted after successive acquisitions of Mont Blanc and Materne.

In the years to follow the management will be focusing on the increase of Materne sales in France (through the development of pouches for adults), and also speeding up the development abroad (under the “Gogo Squeez” brand, which shows strong initial results in the U.S and Israel) thanks to the establishment of a FFS line (Form Fill Seal) for “Mon 4h”.

The MOM acquisition was financed by € 110.5 million in equity (including € 10.5 million reinvested by the management at the date of closing) and € 90 million in debt.

The Clearwater International team was led by Philippe Guézenec