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Activity :
Industry

Customer :
PMO

Acquirer :
ArcelorMittal

Advice :
Paul Bougnoux, Thomas Bureau

About Largillière Finance

With offices in Paris, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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Sales - 2021

Sale of PMO to ArcelorMittal

Largillière Finance helps Groupe Laguarigue to sell its subsidiary PMO to ArcelorMittal

Groupe Laguarigue asked Largillière Finance to arrange the sale of all PMO capital and sites to an industry leader, thus securing a long-term future for the company and its employees.

PMO, a specialist in secondary metal structures for buildings, joins the construction division of the giant ArcelorMittal.

Founded in 2008 and purchased in 2010 by the Martinique-based family group Laguarigue (€100 million turnover), PMO (Profils Minces Ouest) specialises in the production and distribution of secondary steel structures for buildings. It offers two ranges of “per kilometre” metal sections and “calculated” sections, making it a preferred partner in the Grand Ouest region for construction companies and those involved in erecting industrial and farming buildings.

PMO’s business has been steady despite the pandemic, and its 2020 results were excellent, with positive growth in turnover.

This acquisition allows ArcelorMittal Construction to strengthen its expertise in the production of steel structures, and to consolidate its position in the south-west of France with an industrial site covering more than 30,000 m² near to Toulouse.

About PMO

Founded in 2008, PMO specialises in the production of secondary metal structures for building envelopes. Based near Toulouse, PMO specialises in steel cold rolling and offers ranges of “per kilometre” metal sections and “calculated” metal sections.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company. It has over 200,000 employees across more than 60 countries, and turnover of around €62 billion in 2019. ArcelorMittal Construction is a group subsidiary specialising in the design of steel building envelope products (roofs, walls and facades, floors, organic cladding, etc.).

Stakeholders:

Target: Profils Minces Ouest Lionel de Laguarigue, Michel Bellemare
Buyer: ArcelorMittal Construction France
Target M&A Advice: Largillière Finance Paul Bougnoux, Thomas Bureau
Target Corporate Counsels: FIDAL Geoffrey Burrows, Sally-Anne Mc Mahon
Buyer Corporate Counsels: LPA - CGR Raphaël Chantelot, Delphine Roullier-Pâris

Michel Bellemare, CEO of Groupe Laguarigue:

“Joining ArcelorMittal Construction France is an excellent opportunity for PMO to step up its growth and broaden its horizons with the support of ArcelorMittal subsidiaries and businesses.

The sale was coordinated from end-to-end by Largillière Finance teams with a disciplined approach, thoughtful methodology and confidence which allowed them to ensure the process was a success. ”

Thomas Bureau, Largillière Finance Director:

“We are very happy and proud to have supported Groupe Laguarigue with the entire equity transaction. This sale, which was a highly disciplined process involving the ArcelorMittal M&A teams, will allow Groupe Laguarigue to reinforce its leading international position and pursue its development. This transaction confirms the trend towards consolidation in an industry where Largillière Finance is reinforcing its expertise with several successful transactions in recent months. ”

With more than 20 employees, a strong international presence and nearly 30 operations in 2020, Largillière Finance is ranked as the leading small cap investment bank in France:

2021 – Fusions & Acquisitions – Opérations Small Cap – Banque d’affaires – France 2021 – Capital investissement – Opérations LBO Small Cap – Banque d’affaires – France Silver Award 2021 “High-Tech & Healthcare” category “Distribution, Consumer Goods, Personal Services” category “Advisory firm: Positive growth” category

About Largillière Finance

With offices in Paris, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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