MML Capital Partners has made a €10 million investment into Nactis Flavours, a specialist in aromatic raw materials, ingredients and flavours based in France. MML is taking a minority share in Nactis, and is partnering with CEO and founder Hervé Lecesne to deliver an international growth plan.
Since being founded in 1996, Nactis has been delivering flavours, aromatic and functional ingredients for the food industry. Nactis offers its clients a range of innovative, high-quality solutions tailored to their needs. The business has grown organically and through acquisition to date. Each time, the team had the expertise to adapt manufacture to remain in line with consumer practices and regulations.
With its production sites in France (Bondoufle, Yssingeaux, Chartres, Furdenheim and Illkirch), its three commercial subsidiaries in Bulgaria, Poland and Tunisia, and its agents in 50 countries, the company generated €40 million in revenues in 2013, including 24% for export. Nactis has 175 staff in France and 25 internationally.
“Through its original approach as a flexible capital and debt investor, its human-scale structure, its high level of proximity and its responsiveness, MML Capital is an ideal financial partner that shares our culture and our values as an SME. Thanks to its international experience, it will be supporting us with a view to achieving our goal to double in size within five years, generating more than 50% of our business internationally”, concludes Hervé Lecesne, Chairman and CEO of Nactis Flavours.
“We were attracted by the quality of the team assembled around Nactis Flavours’ founder, as well as the group’s track record in the buoyant food ingredients and flavours sector, in addition to its ambitious plans for international development”, confirms Henry Louis Mérieux, Managing Partner at MML Capital.