Lincoln Internationational represents ABN Amro Capital France in the buyout of Outinord
PARIS, June 6, 2006 - Lincoln International has announced the acquisition of Outinord in a secondary management buyout led by ABN Amro Capital France and Guy Martinach, the company's CEO and his management team. Lincoln International was the exclusive M&A advisor to ABN Amro Capital Finance on the transaction.
Outinord (the Company) is the market-leading designer, manufacturer and distributor of steel formworks for the construction industry in France. Outinord reported a $50 million turnover last year and has a presence in the United States, Middle East and Mexico, with plans to expand its business into Asia and Eastern Europe.
ABN, which invested in the deal through its French Private Equity division, has become Outinord's majority shareholder. Outinord's management re-invested a substantial amount of the sales proceeds into the buyout.
The Company was sold by private equity firms Siparex Group and SPEF LBO, four years after they backed the original buyout.
Outinord's CEO, Guy Martinache, said the management team is delighted to have secured ABN's backing. "Its support is a major vote of confidence for everyone involved in taking the business forward," he added. "Together, we are embarking on an exciting new phase in the company's history."
ABN's investment was coordinated by Bruno Houette and Olivier Nemsguern, who have joined Outinord's board as non-executive directors.
The firm's French buyout team is headed by managing partner Herve Claquin, who said "Outinord is the kind of business the firm invests in: it operates in a very profitable niche market, has a proven and successful management team and the opportunity to expand further internationally," he added.
The deal was supported by debt provided by BNP Paribas and CALYON.
Lincoln International managing director Dominique Lecendreux's team advised ABN on its analysis of Outinord's activities and performances as well as structuring the deal and managing the negotiations. "We were introduced to the parties involved because of our deep knowledge of the industry developed through M&A advisory roles played on other transactions in the industry, as well as our relationships with the vendors and the management team."
About Lincoln International
Lincoln International specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, New York and Paris, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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