MML has backed Gravotech, a leader in engraving, marking and cutting solutions. MML has invested as a majority partner alongside Bpifrance – a French institutional investment bank – and management. Debt is provided by a pool of senior banks and Idinvest.
Gravotech serves its clients located in more than 100 countries with its three industrial platforms in the US, France and China, generating over €120m in turnover. It offers comprehensive solutions for equipment, consumables, software and a range of services. Gravotech’s products cover four main technologies: laser marking, mechanical engraving, scribing and dot pen marking.
MML has backed the management team’s vision for Gravotech’s growth. The roadmap of the company is to further develop its presence in key geographies (such as the US and China) with development of innovative products including laser technology, the improvement of industrial effectiveness and targeted commercial efforts.
Gérard Guyard, CEO of Gravotech, says "The arrival of MML Capital and Bpifrance represents a great opportunity for Gravotech to build a new chapter of its development focused on digital innovation and further internationalisation. I thank LBO France, IFE Mezzanine, the pool of banks led by Société Générale and all the stakeholders for supporting the group these past years".
Henry-Louis Mérieux, Managing Partner de MML Capital, indicates "Convinced of the potential of Gravotech, global leader on its BtoB niche market and of the quality of its management, MML Capital is thrilled to support this transatlantic group in this new phase of its international development".