The company intends to use the proceeds, which are comprised of €5m in equity and quasi-equity and €5m in bonds, to accelerate its international development. Under the deal, MML Capital acquired a 20% capital stake in Nactis Flavours, which is controlled by Hervé Lecesne, the founder, Chairman and CEO, with his family (75%), and the management team (5%), made up of Gérard Trivier, CEO of Nactis France, Bernard Roux, VP Finance and Development, and Daniel Faguer, CEO.
Founded in 1996, Nactis Flavours specializes in creating flavours, aromatic and functional ingredients, and aromatic raw materials for industrial firms (food, pharmaceutical, flavouring, perfumery sectors) and small-scale specialists from the food trade. The company has five production sites in France (Bondoufle, Yssingeaux, Chartres, Furdenheim and Illkirch, three commercial subsidiaries in Bulgaria, Poland and Tunisia, and agents in 50 countries. It generated €40m in revenues in 2013, including 24% for export. Nactis has 175 staff in France and 25 internationally.
In addition to the investment, Daniel Faguer (54, AgroParisTech agronomist, HEC Executive MBA, previously Malteurop Group CEO) joined the group at the start of November to ramp up international development, particularly in Eastern Europe, the Maghreb region and Asia.