June 2006
MML Capital Partners ("MML"), the mezzanine and private equity firm, announces that it has provided EUR 6.0 million of warranted mezzanine for the purchase of the Vulcanic Group (“Vulcanic”) by 21 Centrale Partners. This is the first investment from
MML's fourth fund.
Vulcanic is a European mid-market leader in the niche market of industrial heating and cooling solutions and electric transformers. The Group both produces and sells heating elements, temperature sensors, thermo regulator systems, air conditioners
and low and medium voltage transformers. The Group is composed of two companies: Vulcanic SA and its related subsidiaries:
the electro-thermal activity that represents 77.5% of consolidated sales, RS Isolec and its related subsidiaries: the transformer activity that represents 22.5% of consolidated sales.