Cobalt Capital acquires the specialised transporter Mertz from Argos Wityu

Cobalt Capital acquires the specialised transporter Mertz from Argos Wityu

Cobalt Capital acquires the specialised transporter Mertz from Argos Wityu green_squares


Paris – Cobalt Capital has finalised it’s acquisition of the Mertz Group, a specialist in the transport of dangerous materials and containers, from Argos Wityu.

Argos Wityu has been the Group’s majority shareholder since 2008. Cobalt Capital is now the majority shareholder alongside the managers of the company (Jérôme Begey, Patrice Le Floc’h and Christophe Becquet led by Léonard de la Seiglière) who have taken this opportunity to reinforce their holding in the equity of the Company.

Founded in 1945 and based in Pont L’Evêque, the Mertz Group is a recognised transporter of dangerous materials (hydrocarbons, chemical products, bitumen, …) and containers in Western France where it benefits particularly from its presence in the Port of Le Havre.  The Mertz Group today employs nearly 600 people, has a fleet of over 430 tractors and generates turnover of nearly 53 M€.

The Company pursues growth actively, notably through acquisitions, with two new transactions carried out in July 2011 concomitantly with the buy-out by Cobalt Capital :

  • the buy-out of Transports Margueritte (a specialist in the delivery of hydrocarbons, turnover of 1,5M€) which reinforces the Group in the Caen region,
  • the acquisition of Transports Lamboley (delivery of fuel and transport of skips, turnover of 1,6M€) based in Nangis (Seine & Marne).

 

« As can be seen from its recent acquisitions, the Mertz Group will continue both its internal and external growth with our support. It has all the cards in hand to enable it to further reinforce its position in the west of France and develop its presence in other regions of the country. We are extremely pleased to accompany a determined and competent management team in the deployment of its strategy », comments Hervé Franc, a Partner in Cobalt Capital.

« We are happy to join forces with Cobalt Capital with whom we will be able to pursue the development of the Group by capitalising on our strengths : focus on quality and security, command of the means of exploitation, flexibility and reactivity », comments Léonard de la Seiglière, Chairman of the Mertz Group.

« We are proud to have accompanied the Mertz Group since acquiring it in 2008 and to have enabled it to reinforce its strong position in Western France. Argos Wityu thus confirms its experience in MBI transactions, with the recruitment of 3 new managers and its capacity to carry out Build-ups, with three transactions completed in spite of a difficult economic context.  Argos Wityu gives pride of place and will continue to give pride of place to entrepreneurial adventures in growth. This exit is the 5th for the Euroknights V fund which was raised in 2006 », added Gilles Lorang, a Partner in Argos Wityu.

 

Purchasers

Cobalt Capital (Hervé Franc, Antoine Tissier, Julien Berger-Perrin)
Legal advisors : Frieh-Bouhénic (Jeremy Scemama, Jérôme Halphen, Olivier Desvernay), Arsène Taxand (Denis Andrès, Brice Picard)
Auditors : Conseil Audit & Synthèse (Jean-François Nadaud, Christophe Piémont)
Strategy / Market : LEK (Serge Hovsepian, David Danon-Boileau)
Insurance: Marsh (Laurence Basset)

Sellers
Argos Wityu (Gilles Lorang, Jérémie Falzone)
Financial Advisors : L’lione et Associés (Hervé Ries, Vincent Déchin)
Legal Advisors : Orrick (Bertrand Delafaye, Benoit Zagdoun)

Legal advice Management : Dechert & Associés (François Hellot, Charles de Dreuzy)

Banks
Senior debt : CIC Nord-Ouest (Gérald Miray, Michel Baudin) et BNP-Paribas (Virginie Gasnier, Thibaut Lecoeur), arrangeurs mandatés,  LCL (Direction Entreprises Val-de-Seine, Erik Pébreuil, Sandrine Langlois), Caisse Régionale de Crédit Agricole Mutuel de Normandie (Pascal Faure) and BRED Banque Populaire (Yann Thierry)
Mezzanine : CIC Mezzanine (François Petit, Gaspard de Longeaux)

Advisors to banks and mezzaner : Orsay (Frédéricque Milotic)

 

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