Thermador Groupe SA (ENXTPA:THEP) acquired DPI PLASTUBE for Ç35.1 million on October 31, 2022. An add-on payment of Ç5.160 million could be made at the beginning of 2024 if the average operating profit reaches Ç3.859 million for FYs 2022 and 2023. CIC Lyonnaise de Banque and CrTdit Lyonnais supported Thermador Groupe in this operation by granting two fixed-rate bank loans over a period of 7 years. Alexen International EEIG acted as legal advisor to Thermador Groupe along with HervT Le Blanc and Elodie Crost, Squair Law acted as legal advisor to SAM DPI along with Damien Gorse and Aymeric Boisseau, KPMG Transaction Services SA acted as finance due diligence provider to SAM DPI. Bellot Mullenbach & AssociTs, Investment Banking Arm acted as finance due diligence provider to Thermador Groupe with Alexis Thura, Anne-Lise Duthu, Thomas Langlois and Tifany Teyssier. Emmanuel Xerri and Jeremy Zeller of Clearwater International acted as financial advisors to the founders of Direct Pipe Industry.
Thermador Groupe SA (ENXTPA:THEP) completed the acquisition of DPI PLASTUBE on October 31, 2022.