{"id":652821,"date":"2013-04-17T04:48:22","date_gmt":"2013-04-17T08:48:22","guid":{"rendered":"http:\/\/www.pehub.com\/?p=196793"},"modified":"2013-04-17T04:48:22","modified_gmt":"2013-04-17T08:48:22","slug":"bpce-sells-meilleurtaux-com-to-equistone","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652821","title":{"rendered":"BPCE Sells Meilleurtaux.com to Equistone"},"content":{"rendered":"

BPCE<\/strong> has completed the sale of Meilleurtaux.com<\/strong> to funds managed by Equistone Partners Europe Limited<\/strong>. Founded in 1999, Meilleurtaux.com is a provider of advice to consumers looking for mortgage solutions.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

BPCE today announces the completion of the sale of its 100% holding in Meilleurtaux.com (\u201cthe Company\u201d) to funds managed by Equistone Partners Europe Limited (\u201cEquistone\u201d). Founded in 1999, Meilleurtaux.com is a leading provider of advice to consumers looking for mortgage solutions.<\/p>\n

BPCE entered into exclusive discussions with Equistone on 18 February 2013 regarding the sale of Meilleurtaux.com. The deal is in line with BCPE\u2019s strategic plan to dispose of joint ventures and non-core subsidiaries.<\/p>\n

The sale process, which has been favourably received by the various bodies representing Meilleurtaux.com\u2019s employees, was completed on 16 April 2013.<\/p>\n

Equistone is a mid-market investment firm which partners with management teams to support buyouts of high-performing businesses with growth potential and leading market positions. For Equistone, Meilleurtaux.com represents a dynamic, high-profile business with significant potential for further development.<\/p>\n

Guillaume Jacqueau, Managing Partner of Equistone Partners Europe, commented: \u201cEquistone has been active in the French market for over twenty years and has been involved with a significant number of businesses at all stages of their development.<\/p>\n

\u201cWhilst real estate accounts for a major portion of French people\u2019s budgets, currently only 20% of the French population use brokers and this is set to increase. With its high-profile brand and a network of over 160 franchise offices, Meilleurtaux.com is ideally placed to benefit from this potential for growth.\u201d
\nMeilleurtaux.com\u2019s management team is pleased with the outcome of the deal and will continue to lead the business following the strategy in place since 2011. The business is well placed for growth and has maintained stable financial results with net growth in 2012.<\/p>\n

Herv\u00e9 Hatt, CEO of Meilleurtaux.com, added: \u201cWe are delighted that Equistone has chosen to support Meilleurtaux.com\u2019s growth and current business strategy. Equistone\u2019s partnership will enable the business to continue to provide its customers with the expert, independent support that they need in this uncertain economic climate.\u201d<\/p>\n

Fran\u00e7ois P\u00e9rol, Chairman of the Management Board of BPCE, commented: \u201cMeilleurtaux.com is well placed to continue its growth with an acquirer which is convinced of the Company\u2019s development potential, and which will support the experienced management team that has successfully led the development of the company.\u201d<\/p>\n

Advisers:
\nLawyers for the transaction: SJBerwin (Thomas Maitrejean, Augustin Fleytoux)
\nStrategic due diligence: Roland Berger (Philippe Removille, Ciril Fa\u00efa, Benjamin Entraygues)
\nFinancial due diligence: 8-Advisory (Lionel G\u00e9rard, Christian Klingler, Hicham Ezzahiri)
\nLegal due diligence: Racine (M\u00e9lanie Coiraton-Mavr\u00e9)
\nAdviser to management: Callisto (Eric Delorme, Paul Lorenzoni)
\nLegal Counsel: Jeantet (Nicolas Partouche, Guillaume Fornier)
\nCorporate banking: HSBC (Philippe Diers, Eric Emore)
\nFinancial due diligence: KPMG (Rapha\u00ebl Jacquemart)<\/p>\n

About Groupe BPCE:
\nGroupe BPCE, France\u2019s second-largest banking group, is built on two autonomous and complementary networks of commercial banks: the 19 Banques Populaires and the 17 Caisses d\u2019Epargne. In the field of property loans, the Group also includes Cr\u00e9dit Foncier de France. Through its subsidiary Natixis, it is a major player in investment banking, asset management and financial services. Groupe BPCE has over 36 million customers and enjoys a widespread presence in France with 8,000 branches, 117,000 employees and over 8.6 million cooperative members.<\/p>\n

About Equistone:
\nEquistone Partners Europe Limited is an independent investment firm owned and managed by the former executives of Barclays Private Equity. In January 2013, Equistone successfully completed the final closing of Equistone Partners Europe Fund IV with total capital commitments of \u20ac1.5bn. The Company is one of Europe\u2019s leading investors in mid-market buyouts with a successful track record spanning over 30 years, with more than 350 transactions completed in this period. Equistone has a strong focus on change of ownership deals and aims to invest between \u20ac25m and \u20ac125m of equity in businesses with enterprise values of between \u20ac50m and \u20ac300m. The Company has a team of 35 investment professionals operating across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams. Equistone Partners Europe Limited is authorized and regulated by the Financial Conduct Authority. For further information, please visit www.equistonepe.com<\/p>\n

About Meilleurtaux:
\nMeilleurtaux has been providing advice to consumers looking for mortgages since its foundation in 1999. It puts them in touch with banks which are likely to provide the best financing solution for their needs, in terms of interest rates, payment protection insurance, etc. Meilleurtaux\u2019s range of services has expanded to cover other types of loans as well as insurance. <\/p>\n

Meilleurtaux press contact
\nSandrine Allonier: 01 41 97 98 67
\nsallonier@meilleurtaux.com
\nwww.meilleurtaux.com<\/p>\n

BPCE press contacts
\nSabine Baudin: 01 58 40 47 62
\nSonia Dilouya: 01 58 40 58 57
\npresse@bpce.fr – www.bpce.fr<\/p>\n

@GroupeBPCE
\nEquistone press contacts
\nKabl\u00e9 Communication Finance
\nCatherine Kabl\u00e9: 01 44 50 54 75
\nCatherine.kable@kable-cf.com
\nC\u00e9line Pasqualini: 01 44 50 54 73
\nCeline.pasqualini@kable-cf.com<\/p>\n

College Hill: +44 (0)207 457 2020
\nAntonia Coad: Antonia.Coad@collgehill.com
\nZinka Bozovic: Zinka.Bozovic@collegehill.com <\/p>\n

Antonia Coad | Associate Partner
\nD +44 (0)20 7457 2023
\nM +44 (0)7790 907771<\/p>\n

The Registry | Royal Mint Court | London EC3N 4QN | UK
\nT +44 20 7457 2020 | F +44 20 7866 7900<\/p>\n

The post BPCE Sells Meilleurtaux.com to Equistone<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

BPCE has completed the sale of Meilleurtaux.com to funds managed by Equistone Partners Europe Limited. Founded in 1999, Meilleurtaux.com is a provider of advice to consumers looking for mortgage solutions. PRESS RELEASE BPCE today announces the completion of the sale of its 100% holding in Meilleurtaux.com (\u201cthe Company\u201d) to funds managed by Equistone Partners Europe […]<\/p>\n","protected":false},"author":7999,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-652821","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7999"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=652821"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652821\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=652821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=652821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=652821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}