Manuloc

Manuloc, a leading player on the French handling equipment rental market in France, has decided to continue its relationship with his long-standing trusted partner Crédit Mutuel Equity, subsidiary of the Crédit Mutuel Alliance Fédérale group. For this new round, Crédit Mutuel Equity has invested around €85 million in the company's equity, becoming its only minority shareholder alongside the Barthélemy family. Manuloc was founded in Metz by Catherine Barthélemy in 1985. It has an annual revenue of around €300 million and employs almost 1,200 people. The transaction will enable Manuloc to step up its growth plans in France and abroad, and to diversify its business, particularly in the airport sector.

With 28,000 items for rental, including more than 16,000 fork-lift trucks available for long-term hire, Manuloc offers a full range of handling and lifting equipment combined with a custom service offering, and deals mainly with large clients. Alongside Manuloc is also a leading independent provider of handling solutions and internal logistics services. It has been a well-known name in its sector for 30 years, and its management has a solid reputation. Through an active policy of organic growth and acquisitions, the company has been able to diversify and increase its geographical footprint and now has a network of 45 branches in France's largest cities.

"This transaction gives Manuloc significant investment capabilities, allowing it to consider substantial acquisitions. After looking at proposals made by potential new financial partners, it was a natural choice for us to continue our relationship with Crédit Mutuel Equity (formerly CM-CIC Investissment), whose investment philosophy fits perfectly with the Manuloc long-term strategic vision", said Catherine Barthélemy.

"We have been developing our partnership and trusted relationship with the Barthélemy family for more than 16 years, and our latest investment confirms our desire to support Manuloc's policy of rapid development. This third capital increase, in which we have made a significant investment, illustrates our philosophy of making long-term commitments to small and medium-sized companies, allowing them to develop and then realise their growth projects with confidence", added Thierry Wendling and Franck Chevreux from Crédit Mutuel Equity.

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