EMZ has arranged and underwritten a mezzanine financing in order to fund the increase in ownership in the listed group CNIM by the Dmitrieff family
CNIM operates 3 business units: the construction and operation of waste-to-energy plants, the outsourced R&D in sectors with high technological content (dissuasion and nuclear energy) as well as the equipment and maintenance services for medium- to high-power thermal installations. In 2013, the group posted an Ebitda of €53.4 million on sales of €782 million.
The Dmitrieff family, historical family shareholder of the group, has seized the opportunity to increase ownership in the share capital of CNIM by buying out 2 minority stakes, bringing ownership up from 27.5% to 56.3%. The resulting transfer of control has required the launch of a public offering on 100% of the group’s shares in September 2014.