Alantra advised Oaktree on the sale of Zodiac Milpro to Argos Soditic



Jul 2017
Sell-side advisory

Alantra has advised Oaktree Capital Management on the sale of Zodiac Milpro, a global leader for premium marine craft offering comprehensive solutions for demanding military and high-end professional customers, to Argos Soditic. An integrated team from both Alantra’s Paris and Frankfurt offices provided exclusive M&A advice to Oaktree Capital Management. The transaction is still subject to several governmental approvals.

“This transaction marks the third transaction on behalf of Oaktree and the fourth within the marine segment within the last 24 months”, says Frank Merkel, Managing Partner at Alantra’s German office.

Headquartered in Paris, and established in Australia, Canada, Italy, UK, USA, Singapore and Spain, Zodiac Milpro is a global and unrivalled market leader in the design and manufacture of very technical rigid-inflatable boats and inflatables for professionals with very high requirements (firemen, sea rescue, coast guards, drug enforcement, special forces, etc). Positioned in the high-end segment of the market, Zodiac Milpro and Zodiac Hurricane boats are the most recognized worldwide thanks to the longstanding commitment of the group to technological leadership and manufacturing excellence.

With its 330 highly skilled employees and its multi-site and flexible industrial footprint in key geographic markets, the company has close proximity with a large customer base over the 6 continents. Its footprint is reinforced by a strong commercial presence including agents and distributors across the world. It is positioned on a global market which growth is set to accelerate over the next years, notably driven by the needs of governments to better protect their populations against disasters, crime and violent threats.

Oaktree is a leader among global investment managers specializing in alternative investments, with $99 billion in assets under management as of June 30, 2017. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.

Argos Soditic is an independent private equity group with offices in Brussels, Frankfurt, Geneva, Milan and Paris. Since its creation in 1989, the group has executed over 70 Management Buy Outs (MBO) and Management Buy Ins (MBI) transactions on companies of average size (Enterprise Value ranging from 25 to 200 million euros). Its majority ownership investments range between 10 and 100 million euros. With 900 million euros under management dedicated to acquisitions, the group develops a unique investment strategy on complex transactions focused on transformation and growth as opposed to leverage. Its entrepreneurial approach is characterized by close proximity with the management teams and by a strong support to implement their strategic projects.

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