MML has backed Gravotech, a leader in engraving, marking and cutting solutions. MML has invested as a majority partner alongside Bpifrance – a French institutional investment bank – and management. Debt is provided by a pool of senior banks and Idinvest.
Gravotech serves its clients located in more than 100 countries with its three industrial platforms in the US, France and China, generating over €120m in turnover. It offers comprehensive solutions for equipment, consumables, software and a range of services. Gravotech’s products cover four main technologies: laser marking, mechanical engraving, scribing and dot pen marking.
MML has backed the management team’s vision for Gravotech’s growth. The roadmap of the company is to further develop its presence in key geographies (such as the US and China) with development of innovative products including laser technology, the improvement of industrial effectiveness and targeted commercial efforts.
Gérard Guyard, CEO of Gravotech, says "The arrival of MML Capital and Bpifrance represents a great opportunity for Gravotech to build a new chapter of its development focused on digital innovation and further internationalisation. I thank LBO France, IFE Mezzanine, the pool of banks led by Société Générale and all the stakeholders for supporting the group these past years".
Henry-Louis Mérieux, Managing Partner de MML Capital, indicates "Convinced of the potential of Gravotech, global leader on its BtoB niche market and of the quality of its management, MML Capital is thrilled to support this transatlantic group in this new phase of its international development".
MML Capital Partners (“MML”) backed IQARUS (www.iqarus.com) has acquired C-CHEC, a leading occupational hygiene consultancy. MML invested into IQARUS in October 2015 as a platform from which to develop an international player in healthcare solutions for remote environments.
C-CHEC provides a range of services to detect and control hygiene risks in the workplace. The C-CHEC acquisition enhances IQARUS’s medical and occupational health capability in what is an extremely important area for its clients in ensuring the welfare of employees.
Tim Mitchell, CEO of IQARUS comments: ’This strategic acquisition will be the first in a series that will transform the provision of healthcare solutions for challenging environments. C-CHEC are market leaders and highly respected within the global oil and gas industry and other sectors; we are very proud to now be offering this expertise. We see significant benefits to clients in delivering hygiene consultancy in tandem with medical and health provision as part of our holistic approach to managing the health and wellbeing of our clients’ workforces.’’
Luke Jones, MML, comments: “The services provided by C-CHEC are extremely complimentary to IQARUS’s current offering and strategy. We look forward to continuing to support Tim and his team in executing their ambitious growth plans.”