October 2007
MML Capital Partners ("MML"), the mezzanine and private equity firm, announces that it has provided a EUR 18.0 million investment for the purchase of the Carré Blanc group (“Carré Blanc”), together with Caisse des Dépôts Capital Investissement and the management.
MML has invested in equity (16% of the capital) and arranged the warranted mezzanine. This is the fifth investment from MML's fourth fund.
Carré Blanc is a leader in the French specialized distribution market of household linen, through a N°1 franchise network and a highly reputed brand. The group enjoys a large 180 location network in France (the leading network), not only present in some large cities but deeply integrated in the middle size towns. It is also developing in selected countries abroad. The management has implemented a successful structuring and strategic positioning of Carré Blanc on its market, enabling new perspectives of development in France and internationally.