Scotto Partners is advising the family shareholders of the Minitubes industrial group on the implementation of a sponsorless OBO
Press Release
The Minitubes industrial group, the world leader in precision metal tubing for the medical industry (coronary stents, heart valves, IVD needles, endoscopes, etc.), is restructuring its capital as part of a sponsorless owner buyout (OBO).
This transaction, financed in part by senior debt raised from a banking syndicate led by Société Générale, enables the family’s fourth generation to take control of the Minitubes Group.
Founded in 1932 in Grenoble, the Minitubes industrial group specializes in the production of small, high-precision metal tubes and tubular components and assemblies, primarily for the healthcare market, supplying small tubes and components as well as tubular assemblies for cardiovascular implants (stents, heart valves, etc.) and the life sciences (in vitro diagnostic needles, chromatography).
Minitubes quickly built an international reputation by supplying the world’s leading companies in the medical industry and currently has approximately 500 employees. The group distributes its products in more than 30 countries, both in France and internationally (the United States, Europe, and Asia).
As part of this transaction, Minitubes’ family shareholders were advised by Scotto Partners, with a team led by Coralie Oger (partner), assisted by Caroline Vieren and Pierre-Alexandre Schnyder on corporate and M&A matters, and Jérôme Commerçon (partner), assisted by Pierre-Henri Abadie and Loïc Pipaud on tax matters.
Other legal advice:
CMS Francis Lefebvre advised the banking syndicate led by Société Générale, with Benjamin Guilleminot (counsel) and Benoit Fournier, on structured finance.
