MML has successfully exited its investment in Tournus, a European leader in kitchen stainless-steel equipment manufacturing for food and catering industry.
Tournus Equipement (TE), based in France, accelerates its growth with the acquisition of Catering Equipment Design (CED), based near Liverpool, United Kingdom. With turnover of £12.5m (approx. €15m), CED is TE’s first external growth operation, as a supplement to its uninterrupted organic growth since 2005. Like TE, CED designs, manufactures and sells equipment for professional kitchens.
MML has invested €10m into Tournus Equipement, based in France, through a mix of bonds and shares, taking a 21% stake in the company.