{"id":23622,"date":"2025-11-04T09:00:00","date_gmt":"2025-11-04T08:00:00","guid":{"rendered":"https:\/\/www.cvs-avocats.com\/?p=23622"},"modified":"2026-02-10T16:36:32","modified_gmt":"2026-02-10T15:36:32","slug":"cornet-vincent-segurel-advises-mansio-group-on-the-acquisition-of-az-metal","status":"publish","type":"post","link":"https:\/\/www.cvs-avocats.com\/en\/cornet-vincent-segurel-advises-mansio-group-on-the-acquisition-of-az-metal\/","title":{"rendered":"Cornet Vincent S\u00e9gurel advises Mansio Group on the acquisition of AZ M\u00e9tal"},"content":{"rendered":"\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>The Mansio Group (formerly M53) is continuing its industrial consolidation strategy with the acquisition of AZ M\u00e9tal, a small and medium-sized enterprise based in Qu\u00e9vert (C\u00f4tes-d&#8217;Armor) since 1974. The transaction was carried out with the support of its four shareholders who acquired a stake in the company during the group&#8217;s capital restructuring at the end of 2024: Yotta Capital Partners, \u00c9pop\u00e9e Gestion, SWEN Capital Partners, and BNP Paribas D\u00e9veloppement. It marks the departure of Ronan Le Tiec, CEO and majority shareholder of AZ M\u00e9tal for 25 years, as well as Sodero, an investor that acquired a stake in the company in 2022.<\/p>\n\n\n\n<p><strong>Immediate industrial and commercial synergies<\/strong><\/p>\n\n\n\n<p>AZ M\u00e9tal has established itself as a recognized player in two areas of expertise: the manufacture of mechanically welded assemblies for urban development and industrial equipment, and the design of waste collection containers using rotational molding, which today accounts for 75% of its business, generating \u20ac8 million in revenue.<\/p>\n\n\n\n<p>With a 2,000 m\u00b2 production site equipped with cutting-edge technology (welding robots, laser tube cutting, rotational molding) and a portfolio of innovative patents, the Brittany-based company brings major strategic assets to the Mansio group. It strengthens its industrial capabilities, diversifies its product offering, and expands its customer portfolio to include major recycling companies such as Veolia, Romi, and Marc, thus complementing its long-standing customer base of public sector players.<\/p>\n\n\n\n<p>The acquisition enables the group to pool its cutting-edge equipment, optimize its production capacities, and offer a complete range of solutions in France and internationally: street furniture, hygiene equipment, selective sorting solutions, and waste collection containers.<\/p>\n\n\n\n<p><strong>A sustained consolidation trajectory since 2021<\/strong><\/p>\n\n\n\n<p>This transaction is part of Mansio&#8217;s growth strategy, which began in 2021. Founded around Rossignol, a Mayenne-based manufacturer established in 1896 and specializing in waste sorting solutions and hygiene equipment, the group has pursued a methodical consolidation strategy:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>2022: acquisition of Buton Industries (street furniture)<\/li>\n\n\n\n<li>2023: acquisition of Lebeau Moulages B\u00e9ton (urban equipment)<\/li>\n\n\n\n<li>End of 2024: acquisition of MPS Toilettes Automatiques (hygiene solutions), accompanied by a second LBO<\/li>\n\n\n\n<li>2025: acquisition of AZ M\u00e9tal<\/li>\n<\/ul>\n\n\n\n<p>With this new transaction, the Mansio group now employs 250 people across five production sites in France (Mayenne, Vend\u00e9e, Cher, and C\u00f4tes-d&#8217;Armor) and has consolidated revenue in excess of \u20ac50 million. Mansio is one of the few diversified players in the French market with three complementary areas of activity.<\/p>\n\n\n\n<p>A team from the law firm Cornet Vincent S\u00e9gurel, led by Pierre Lamidon, partner, assisted the Mansio group with the legal and tax structuring of this acquisition.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Participants<\/strong><\/h3>\n\n\n\n<p><strong>Company:<\/strong> AZ Metal (Ronan Le Tiec)<\/p>\n\n\n\n<p><strong>Buyer:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mansio Group (Jo\u00ebl Bresteaux, Eric Fayol, Jean-Christophe Pascual)<\/li>\n\n\n\n<li>Yotta Capital Partner (Beno\u00eet Perrot, Fran\u00e7ois Rouault de La Vigne, Nina Herv\u00e9)<\/li>\n\n\n\n<li>SWEN Capital Partners (Laurent Ghilardi, L\u00e9o Alvarez)<\/li>\n\n\n\n<li>\u00c9pop\u00e9e Gestion (Aymeric Le Renard)<\/li>\n\n\n\n<li>BNP Paribas D\u00e9veloppement (Julien Marronnier, Marjorie Loiseleur)<\/li>\n<\/ul>\n\n\n\n<p><strong>Seller<\/strong>: AZ Metal (Ronan Le Tiec), Sodero (Jean-Claude Cobat)<\/p>\n\n\n\n<p><strong>Debt:<\/strong> H\u00e9lia BPL (Lionel Milot, Delphine Guignard), Ark\u00e9a Banque Entreprises et Institutionnels (Mickael Chambon, Christophe Coz), Caisse d\u2019Epargne Bretagne Pays de Loire (S\u00e9bastien Walkowiak, David Laidet), Cr\u00e9dit Mutuel Maine Anjou Basse Normandie (Mathilde Le Roy), BNP Paribas (Hugo Cotin), BRED (Charl\u00e8ne Fretay)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Advisors<\/strong><\/h3>\n\n\n\n<p><strong>Mansio Group lawyer:<\/strong> Cornet Vincent S\u00e9gurel (Pierre Lamidon, Sabrina Lemari\u00e9, Bleuen Geffray)<\/p>\n\n\n\n<p><strong>Financial due diligence:<\/strong> Eight Advisory (Christophe Delas, Guillaume Roque)<\/p>\n\n\n\n<p><strong>ESG due diligence:<\/strong> Nileo (M\u00e9lanie Guesn\u00e9), Vertical Sea (Sylvain Bergeronneau)<\/p>\n\n\n\n<p><strong>M&amp;A advisor to the seller:<\/strong> Societex (Cl\u00e9ment Matelot, Thierry Depoux, Romain Allain)<\/p>\n\n\n\n<p><strong>Lawyer to the seller:<\/strong> Martine Vazel Law Firm (Marion Le Doeuff)<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One year after a second LBO, the Mayenne-based Mansio group has reached a new strategic milestone with the acquisition of AZ M\u00e9tal. This fourth external growth operation since 2021 brings the group&#8217;s consolidated turnover to over \u20ac50 million and confirms its ambition to become a leading player in selective sorting, hygiene equipment, and street furniture in France.<\/p>\n","protected":false},"author":16,"featured_media":21029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[16,20],"tags":[],"class_list":["post-23622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communique","category-communique-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts\/23622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/comments?post=23622"}],"version-history":[{"count":0,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts\/23622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/media\/21029"}],"wp:attachment":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/media?parent=23622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/categories?post=23622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/tags?post=23622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}