McDermott represented Siparex in its acquisition of Sintex NP
McDermott Will & Emery represented Siparex in its acquisition of a majority stake in Sintex NP, the European division of the Indian Sintex group, along with Carvest, BNP Paribas Développement and AfricInvest. The deal closed on October 24, 2019.
Sintex has experienced continuous development, with revenues doubling over the period 2010 to 2018, reaching 275M€. During this period, 10 acquisitions led to success through a mix of organic and external growth. The company has 2,800 employees supporting 17 facilities in France, Germany, Eastern Europe and Tunisia, and carries out a major portion of its activities internationally.
Through this transaction, the new Sintex NP shareholder plans to accelerate a strong growth dynamism and plans to establish a North American group.
For 40 years, Siparex has been one of the leading French independent capital investment groups. Benchmark partner of ETIs, SMEs, and start-ups under the XAnge mark, it invests funds in companies contributing growth momentum.
Management was advised by the firm Jeausserand – Audouard with Tristan Audouard, Nicolas Dragutini (tax), Erwan Bordet, Faustine Paoluzzo and Elle Otto (corporate).
Sintex was represented by Allen & Overy with Frédéric Moreau, Olivier Thébault and Jade Billère-Mellet.
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