Crédit Agricole Private Equity and Managers to Acquire SIMP

Crédit Agricole Private Equity – via its LCL Régions Développement and CAPE Régions Expansion funds, Alain Blondel and Eric de Bardonnèche are to acquire SIMP, a French manufacturer of plastic and rubber injection moulded parts, from former CEO and owner Manuel Viegas.

Following the deal (a management buy-in), Alain Blondel will become the new chairman, and Eric de Bardonnèche, current Sales and Marketing Director, will be appointed as new Head of Commercial Development. Manuel Viegas will remain closely involved in SIMP.
Senior debt for the transaction was provided by LCL Direction Entreprises IDF EST, and BNP Paribas.

Founded in 1949, SIMP is a Paris region-based designer and manufacturer of small precision parts in medium or large series for major cosmetics companies such as L’Oréal, Lancôme, Dior, Givenchy, Estée Lauder, Bourjois and Oriflame, as well as for some niche markets such as connectors, aerospace and medical.

The company, which generated sales of €7.4m in 2010 and has 21 employees, is currently developing its international client base and step up its rate of innovation, particularly in plastic mascara applicators. It is also looking to develop its range of precision parts in innovative industrial markets.



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