Christophe Torres along with other managers, Credit Agricole Sud Rhone Alpes, Siparex Midcap II managed by Groupe Siparex, leading the transaction and XPansion 2 FCPR managed by Xange Private Equity, S.A., BNP Paribas Développement SA, SCR and Eximium S.A.S. acquired an unknown majority stake in EXSTO, S. A. from Maelo and Michel Baulé in an management buyout transaction on September 28, 2015. Jean-Marc Penelon, Deputy Managing Director Stéphane Perche, Technical Director, Frédéric Gubian, Production Director and Alexandre Rocher, Purchasing and QSE Director of Exsto were also part of MBO. Credit Agricole Sud Rhone Alpes, Siparex invested €6 million in the transaction. BECM, BNP Paribas, Crédit Agricole and Société Générale provided senior debt for the acquisition. Alexis Thura and Christophe Corre of Bellot Mullenbach & Associés acted as financial due diligence advisor and Cédric Sapède and Camille Ferrat of Lamartine Conseil acted as legal advisor for investors. Cyril Facchin and Muriel Jomard of ACDR Avocats acted as legal advisor for EXSTO.

Christophe Torres along with other managers, Credit Agricole Sud Rhone Alpes, Siparex Midcap II managed by Groupe Siparex, leading the transaction and XPansion 2 FCPR managed by Xange Private Equity, S.A., BNP Paribas Développement SA, SCR and Eximium S.A.S. completed the acquisition of an unknown majority stake in EXSTO, S. A. from Maelo and Michel Baulé in an management buyout transaction on September 28, 2015.