SCOTTO & ASSOCIÉS assists the management of ParexGroup during its acquisition by Wendel and Materis
Paris, 19 May 2014
The investment company Wendel and its subsidiary Materis have entered into exclusive negotiations to acquire ParexGroup with the investment fund CVC Capital Partners. This transaction values Materis's specialist mortar subsidiary at €880 million, 8.4 times its 2013 Ebitda.
ParexGroup, which operates in 21 countries, achieved turnover of €754.5 million last year.
Scotto & Associés is assisting ParexGroup's management in this transaction.
The firm's team is formed of:
- Lionel Scotto le Massese and Nicolas Menard-Durand, partners, Alexandra Pérette and Vincenzo Feldmann from the corporate team; and
- our tax team.
Other advisers on the transaction:
Financial advice: Sycomore Corporate Finance assisted the team of managers
Other law firms: Latham & Watkins, Weil Gotshal & Manges