Investments Mezzanine

Daltys

Daltys is the number four player in the French vending machine operators’ market, with dense regional coverage in the South and East of France. The Group operates through three complementary business lines: vending machines for hot beverages and other fast moving consumer goods, specialized beverage systems, and catering corners. In June 2011, 21 Partners and finadvance invested in the company, alongside Christophe BRANCATO, Daltys’CEO. Mezzanis supported the deal by arranging the mezzanine financing.

Olly Gan

Based in Aix-en Provence (near Marseille), Olly Gan designs ready-to-wear up-market clothing for 35-50 year-old men. It operates through a distribution network of more than 100 shops in France. Mainly company owned, but also affiliates and franchisees, these shops are located in the top-of-the-range shopping centers and downtown.

In April 2011, the Mezzanine team arranged and underwrote the bonds with share warrants (OBSA) mezzanine debt facility put in place when the Olly Gan group was acquired by Syntegra Capital, in partnership with SG Capital Partners and the management team.

• www.ollygan.fr

Compin Group

Since 2005, Mezzanis has been supporting Compin Group's strategy to become the global leader in interior outfitting of trains. In March 2009, Mezzanis - which had already arranged mezzanine financing at the time of Compin's primary leveraged buyout (LBO) led by LBO France - provided a similar service for the secondary LBO led by Barclays Private Equity. The arrangement and underwriting of the mezzanine tranche amounted to EUR 16 million.

• www.compin.com

Gérard Darel

Gérard Darel is a mid-to-high range women's ready-to-wear brand which is also present in leather goods. The company distributes its products in France and abroad via a network of wholly-owned stores, dealers, affiliates and multiple-brand retailers. In July 2008, the company was taken over via a leveraged buyout (LBO) by Advent International together with the company's founders and management. Mezzanis supported the deal as the lead arranger for EUR 35 million mezzanine financing.

• www.gerarddarel.com

Fondis Electronic

Fondis Electronic is a distributor of portable and laboratory equipment used for the analysis and control of materials. The products are marketed to property diagnosticians, manufacturers, laboratories and environmental control professionals. In June 2008, the company was taken over via an LBO by OFI Private Equity together with the company's management. Mezzanis supported the transaction by co-arranging two mezzanine tranches totalling EUR 17 million.

• www.fondiselectronic.com

InfoPro Communications

InfoPro Communications is a business-to-business information provider specialised in databases for the automobile, trade fair and trade publications sector. It also owns such leading titles as L'Usine Nouvelle, LSA, L'Argus de l'Assurance and Bedouk (acquired from Aprovia). The company was taken over by Apax Partners via a leveraged buyout (LBO) in June 2007, the financing for which included a EUR 23 million mezzanine tranche partially subscribed for by Mezzanis.

• www.groupe-etai.com

Lyonnaise de Garantie

Lyonnaise de Garantie is an insurance broker for real estate investors. It offers insurance products to guarantee rental risk and the value of properties, in partnership with specialists in tax optimisation products and property managers. In March 2008, the company was taken over via a leveraged buyout (LBO) by MBO Partenaires together with the founder-managers. Mezzanis arranged and underwrote a EUR 7 million mezzanine financing.

• www.lyonnaise-de-garantie.com

Tiama

Tiama, the global leader in visual inspection machines for the hollow glass industry, has extended its activities to the automobile and food sectors. Taken over via LBO France in July 2007, it consolidated its position in February 2008 with the acquisition of SGCC, the number 2 in the hollow glass sector. The company's refinancing at the time of this build-up included a EUR 35 million mezzanine tranche in which Mezzanis took part.

• www.tiama-inspection.com

SCT Telecom

SCT Telecom is one of France’s leading suppliers of telecoms solutions for SMEs and offers a wide range of telephony services (resale of minutes, unbundling, VoIP, MVNO) via its network of branches across France. In October 2007, Mezzanis co-arranged mezzanine financing of EUR 10 million to finance the leveraged buyout (LBO) of SCT by Astorg Partners in association with the group’s founders and managers.

• www.sct-telecom.fr

France Géothermie

France Géothermie designs and manufactures a range of geothermic and aerothermic heat pumps marketed through a network of exclusive dealers. In July 2007, the company was the subject of an owner buyout (OBO) organised by the founding manager together with Banexi, and for which Mezzanis arranged the mezzanine tranche.

• www.france-geothermie.com

Regency Entertainment

Regency Entertainment manages two casino/hotel complexes in Athens and Thessalonica, which are ranked as the second- and fourth-largest casinos in Europe. This listed company was the subject of a takeover by BC Partners in 2006, financed by a leveraged buyout (LBO). The acquisition financing included a EUR 200 million mezzanine tranche in which Mezzanis took part.

• www.regency.gr

Bretèche Industrie

Bretèche Industrie designs, manufactures and installs industrial equipment for the food manufacturing industry. The company enjoys market-leading positions in three market segments: bakery and patisserie products (VMI and Disona), dairy and cheese products (Tecnal and Chalon Megard) and abattoir automation (Norman). Mezzanis co-arranged a EUR 15 million mezzanine tranche in October 2006, at the time of the company's leveraged buyout (LBO) by Banexi Private Equity together with the founder, Unigrain and IDIA.

• www.breteche.com

Sonovision-ITEP

Sonovision-ITEP is a major player in the field of technical documentation and document engineering. The company is active in England, Germany, Canada, France and Romania. Its core activity, the drafting of technical documents, is primarily aimed at equipment manufacturers and users in the aeronautical, space and energy sectors. The company was taken over in June 2006 by the funds managed by LBO France alongside other investors. Mezzanis co-arranged the mezzanine tranche in the financing of the operation.

• www.sonovision-itep.fr

Les Frères Blanc

Frères Blanc Group, founded in the 1930s, is one of the leading actors in the commercial restaurant sector. Its development is structured around two main concepts: large, traditional brasseries with the Au Pied de Cochon, L’Alsace, Le Procope, Le Grand Café and La Lorraine chains, and the restaurant chain Chez Clément (themed brasseries in Paris and the Paris region). In December 2005, the company was the subject of a leveraged buyout (LBO) takeover by CDC Entreprises. Mezzanis made an investment in the mezzanine tranche implemented to finance the transaction.

• www.blanc.net

Hermès Métal Yudigar

HMY is European market leader in the design of products for sales spaces. It was taken over in late 2004 in a leveraged buyout (LBO) by funds managed by Sagard and co-investors. Mezzanis contributed EUR 53 million to the financing of the deal.

• www.hmy.fr

Pomme de Pain

Pomme de Pain is France's fourth-largest sandwich chain with a particularly strong presence in and around Paris. In June 2004 it had about 50 directly-owned sandwich restaurants, plus about 20 run under concessions or franchises. Pomme de Pain was sold in June 2004, via a leveraged buyout (LBO), to funds managed by Finama Private Equity (Acto) alongside other financial investors and the company's management. Mezzanis arranged EUR 3 million of mezzanine finance for the deal.

• www.pommedepain.fr