MBA CAPITAL advised LTT GROUP (Portugal) on the acquisition of SOCIETE ARTESIENNE DE FUMISTERIE (France)
LTT Group, owned by two families both from the industry sector, has become one of the world leaders in the manufacturing and maintenance of industrial furnaces. Covering more than 20 countries around the world, LTT Group reached a € 120 M turnover in 2013.
As an historical customer of SAF, LTT Group has developed a trust-based relationship with SAF, which led to the acquisition by the LTT Group of a large majority of SAF capital. The remaining share of capital is held by the management.
Established in France, SAF is also specialized in the manufacturing and maintenance of industrial furnaces, and has become the French leader on its market. In 2013, SAF achieved € 33 M of sales.
MBA Capital advised LTT Group shareholders during the whole acquisition process, especially in the financial structuring of the deal and the search for financing.
Vincent JUGUET – Paris