MG2MIX Boosts Capital Structure with Cerea Partners Investment
Deal News | Nov 20, 2024 | Cerea Partners SASU
French animal nutrition firm, MG2MIX, has restructured its capital to accelerate growth by involving Cerea Partners. Cerea Partners, through its fund Cerea Mezzanine IV, structured a sponsorless financing operation to support MG2MIX's ambitions. Founded in 1989, MG2MIX specializes in designing and manufacturing premixes and minerals vital for animal nutrition. Previously, the company underwent a management-led buyout in 2016. Now, it is commencing another stage of transition to a new generation of managers. MG2MIX offers customized solutions and services, holding a strategic position in the low-carbon agriculture movement. This strategic move aims to reinforce MG2MIX's growth driven by the expansion of production facilities, international market penetration, and ongoing innovation in animal nutrition. Cerea Partners' entrance marks the first time MG2MIX has welcomed a financial investor into its capital. The transaction is expected to provide significant revaluation for the new management while limiting dilution for existing shareholder-managers.
Sectors
- Animal Nutrition
- Private Equity
Geography
- France – MG2MIX is a French company and the capital restructuring is taking place in France with involvement from a French private equity firm, Cerea Partners.
- International – MG2MIX has a strong international presence, conducting over 55% of its sales through exports in regions such as Africa, the Middle East, Europe, and Asia.
Industry
- Animal Nutrition – MG2MIX operates within the animal nutrition industry, designing and manufacturing premixes and minerals essential for comprehensive animal feed.
- Private Equity – Cerea Partners, a private equity firm, is involved in the capital reorganization of MG2MIX through its mezzanine fund.
Financials
- Sponsorless financing – A strategic structuring by Cerea Mezzanine IV fund to support MG2MIX.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MG2MIX | Target Company | Company | A French leader in the animal nutrition sector, specializing in premixes and minerals for various animal species. |
| Cerea Partners | Bidding Company | Company | A private equity firm involved in the capital reorganization of MG2MIX through its Cerea Mezzanine IV fund. |
| Vincent Gerfault | Co-CEO | Person | Co-leader of MG2MIX, involved in guiding its growth and strategic direction. |
| Nicolas Cottais | Co-CEO | Person | Co-leader of MG2MIX, responsible for the company's strategic management. |
| Fabrice Vidal | Deputy General Manager | Person | Deputy GM of Cerea Partners, involved in structuring the sponsorless deal with MG2MIX. |
| Sébastien Robinand | Associate Director | Person | Associate Director at Cerea Partners, commenting on the strategic partnership with MG2MIX. |