This transaction allows AREVA to concentrate in its activities based on the exploitation of nuclear materials.
In this transaction, Invest Corporate Finance intervened as financial adviser to the vendor.
Advised by Invest Corporate Finance, AREVA has sold its logistics subsidiary MAINCO to the ALT Group in the framework of its strategy of concentrating on its activities based on the exploitation of nuclear materials.
With nearly €30 million of sales in 2016, MAINCO consisted of two sectors of activity dedicate to logistics and to purchases on behalf of third parties. Its services are performed both on sites owned by the group and on those of its customers, mainly in the energy sector.
The objective of AREVA was to encourage the return of MAINCO to sustainable growth in all of its activities and to offer to employees a business environment favourable to the development of their know-how.
Created in 1964 by the KUHN family, ALT is an industrial logistics service provider offering turnkey solutions which include the management of stocks, transport, international logistics and heavy handling and lifting operations.
MAINCO is in line with the ambition of ALT to create a division of independent companies capable of offering a global logistics solution alternative to that of the major integrators.
Executives involved in the transaction
Financial Advisor to the Vendor: Invest Corporate Finance: Vincent BEHR, Maxime BAZIN
AREVA: Cyril MOULIN, Florent BRUNET, Eric DELAUNAY, Raphaël BUISSON
ALT: Jacques-Alexandre KUHN, Frédéric MORVAN-THOMAS
Financial Adviser to the Purchaser: PWC (Aude BOUVET, Franck GLEDEL)
Legal Adviser to the Vendor: HFW (Franck BERNAUER, Anne ROMAIN-HUTTIN)
Legal Adviser to the Purchaser: PWC (Guillaume MORINEAUX, Nicolas PALOT)