MBO of Cotherm backed by Siparex and Carvest

2012-Cotherm-ENG Client Cotherm management and Somfy Participations (private equity arm of Somfy, world leader in the automatic control of openings and closures in homes and buildings)
Deal Type MBO
Sector Industrials
Deal Management backed by French Private Equities (Siparex, Carvest) bought out Cotherm from Somfy Participations. Cotherm develops electromechanical thermostats and electronic controls for heating applications

What we did:

  • Appointed by the shareholders to deliver a deal that created the optimum shareholder and funding structure to support the delivery of the ongoing growth strategy of the business whilst providing an exit for Somfy Participations
  • Selected due to our intimate knowledge of the business and our ability in raising equity and debt finance to support the growth of privately-owned, mid-market businesses in France
  • Quickly shortlisted potential funders and lenders who would want to support the opportunity and at the same time we were able to protect confidentiality by limiting the distribution of company information