MML exits French portfolio company Tournus

MML has successfully exited its investment in Tournus, a European leader in kitchen stainless-steel equipment manufacturing for food and catering industry.

MML led the investment alongside management in July 2013 (together with UI Gestion and Bpifrance).

Founded in 1910, Tournus enjoys a very strong and resilient business model with one of the largest and most innovative product ranges serving a diverse international client base comprising leading hotel groups, restaurants and commercial canteens.

During the five-year partnership, the group developed organically in its core markets and completed the acquisition of UK based Catering Equipment Design in 2016 to become one of the European leaders in its market.

Henry-Louis Mérieux, Managing Partner at MML, said:

‘’It has been a successful five-year partnership, backing this European champion, combining organic growth with an acquisition in the UK. Tournus is very well set for the next phase of its growth.’

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