Néoform has been acquired by MDS
Néoform Group has been acquired by MDS Group. Both companies will benefit from their complementary know-how in professional trading, DIY stores, kitchen designers and export.
Néoform designs and manufactures kitchen and bathroom furniture for businesses and individuals. The group offers a large range of mid to high-end kit form and fully assembled kitchen, bathroom, sink cabinet furniture and kitchen worktops. The company carries out operations under three main brands: Néova, Pyram and Kalis. With 264 employees and five production facilities in France, Néoform achieved a turnover of US$44 million in 2020. The group distributes its products through four main distribution channels: kitchen designers and craftsmen, professional distribution, DIY superstores and real estate developers.
Groupe MDS designs and manufactures small kitchen equipment. The group distributes its products in France and in various European countries, such as the UK, Spain and Portugal, and adresses both professionals and individuals. MDS offers a wide range of stainless-steel sinks, resin sinks and office furniture. The group has been built through several acquisitions and has a four-brand portfolio: Moderna, Diadem, Carti and Stradour. In 2020, it had a turnover of US$53 million and 140 employees.
Ouest Croissance is the PE fund of Banque Populaire. Created in 1987, the fund has supported more than 500 SMEs in western France. Sodero Gestion is a subsidiary of Caisse d'Epargne and a leading PE fund in western France. Unexo is the PE fund of Crédit Agricole Group and supports managers and entrepreneurs in western France.
Oaklins’ team in France led a dual-track process and acted as advisor to the sellers in this transaction.
Talk to the deal team
Related deals
SHS has sold Spiegelberg to Luciole Medical AG
SHS and a minority co-shareholder have sold Spiegelberg GmbH to Luciole Medical AG.
Learn moreZephyr Group has acquired PK OEM Parts
Zephyr Group has acquired PK OEM Parts. With the entry of PK OEM Parts, Zephyr Group aims to achieve a consolidated turnover of approximately US$65 million in 2023. The acquisition will allow an increase in the services and product range offered to customers by leveraging the group’s know-how and logistical capabilities. Furthermore, the acquisition represents a step forward in the growth and consolidation strategy that Zephyr Group started in 2018 with the acquisition of Spanish competitor SKV.
Learn moreBaird Capital invests in Freemarket
Baird Capital has completed a growth capital investment in Freemarket. The investment supports Freemarket’s continuing fast growth and international expansion, as well as providing a partial cash-out to existing shareholders.
Learn more