CFK FINANCE, a general consultancy in transaction services and mergers and acquisitions of companies, positioned on the small and medium enterprise market, has just concluded the sale of M.D.C. (Ménard-Darriet-Cullerier), a 100-year-old Landes-based company specialised in the field of reforestation equipment manufacturing.
A men’s story.
The Cullerier company was established in 1867, and Menard Darriet in 1907. A century of constant innovations in the forestry machine field intended for upstream professional forestry practice, with particular emphasis on reforestation equipment for forest cultivation. Today, the majority of the tools used by these professionals have been created by M.D.C., under the leadership of François Dubroca, the buyer of these 2 companies in 1984.
In spring 2006, the executive of M.D.C. and senior partner, informed Christian Douesnard, Business manager and long-term partner within the consultancy, of his project to sell his company. They quickly agreed an action plan within the framework of a sell-side assignment granted to CFK (retirement of the executive).
Daniel Delamard was entrusted with the entire management of the assignment and immediately set about finding a qualified buyer sensitive to the business sector and to the sustainability of the 100-year-old expertise of M.D.C. on the forestation equipment market.
Quite quickly, 2 buyer profiles emerged: a distribution group specialised in agricultural machinery and with several sites (14 agencies in France), up against a young and talented natural person buyer benefiting from experience that could be transferred to the target, thus creating a real added entrepreneurial value.
Over the course of several meetings, convinced as much by the man as by the project,François Dubroca chose his successor in Sébastien Eloir with whom we finalised the agreement on 6th September.
“It was a true meeting, in the literal sense of the term,” emphasises Daniel Delamard, “- a convergence of 2 individual trajectories – and we are happy to have been the instigators of this transaction.”
Buyer’s advisor: ANTELIS represented by Céline Rouanet Partner/lawyer
Seller’s advisor: CFK FINANCE represented by Daniel Delamard Partner/Director & Christian Douersnard Partner/ Business manager