/News

The 11th Agrofinance symposium organised by Agrofood and Agra-Alimentation convened on November 25 in Paris, bringing food manufacturers and investment professionals together. Azulis Capital has partnered this cross-industry event since its creation. This year, Pierre Jourdain, a member of Azulis Capital’s Board, moderated the round-table event on ‘New needs, new means of funding’. The special edition of Agra-Alimentation magazine, published on the occasion, is available here.

MMF II has sold its stake in the Meralliance group. The private-label salmon processor has joined the Thai Union Frozen group — the world leader in canned tuna — in search of a major diversification opportunity in the fresh fish industry. With the support of Azulis Capital, Meralliance expanded, initially in Poland in 2008, and then into Scotland in 2012, to become one of Europe’s leading smoked salmon producers. Today its sales are running in the order of €165 million.

The Brunel group, specialising in the manufacture of home cleaning products (including Starwax and Sinto), has launched its new manufacturing and storage site at Noyelles-lès-Seclin, near Lille.

For its 16^th investment, MMF IV has structured an MBO deal with the management of CEME.

The CEME Group specialises in electrical engineering, climate control and the creation of automated systems for the industrial environment, hospitals, the services sector and housing. It has developed recognised expertise in complex services, in particular supplying and installing systems and equipment for data centres, concert halls, supermarkets and superstores. The group was launched in Moulins (Allier) under the leadership of Daniel Desbruères, and expanded through numerous acquisitions. It now has 20 locations throughout France.

 Daniel Desbruères has selected Azulis Capital to launch a new phase in CEME’s growth, in close association with the group’s management. The goal is to continue growing the company in its distinct specialties, while strengthening its business in the maintenance segment. This expansion will rely on both organic development and targeted external growth transactions designed to enhance its regional coverage.