Marlborough Advises Motion Equity Partners on Leveraged Club Refinancing

Motion Equity Partners announced a new equity investment in Tokheim, alongside the FSI

Motion has increased its investment in the Tokheim Group (the”Group”) as part of a transaction incorporating a new investor, the Fonds Stratégique d’Investissement. The transaction is aimed at financing projects to develop the Group.

Motion Equity Partners (“MEP”), one of the leading European private equity firms, announced a diversification of the shareholder base of Tokheim which saw the Fonds Stratégique d’Investissement (“FSI”) take up an equity stake. Together MEP and the FSI will continue the Group’s ambitious growth policy while completing the bank refinancing.  Motion and the FSI have together invested approximately €80 million which will enable Tokheim actively to pursue its development through organic growth and acquisitions in promising geographies.

Tokheim, headquartered in Paris, enjoys a key market position, offering a one-stop-shop solution of fuel dispensers for service station operators. With a turnover of € 643 million in 2012, the group provides fuel distributors with a complete range of products and services, covering equipment (dispensers, systems), maintenance, installation and project management. Tokheim serves three main client groups: oil companies, hypermarket and supermarket distributors and independent fuel retailers.

Tokheim is well established across Europe, where it enjoys an undisputed market leader position. The company is also a leading player in Asia, with a strong position in China where it has vigorously developed itself in the past five years, as well as in Africa and the Middle East. Tokheim has factories in the United Kingdom, China and India and employs more than 5,000 people across the world.

This new equity investment provided by Motion and the FSI, along with the simultaneous bank refinancing, occurs in a period when the business is developing at a high pace and will support its continued growth through:
–    acquisitions in emerging countries;
–    development of greenfield projects abroad; and
–    strategic joint venture with third parties, where Tokheim can leverage on the third party’s local knowledge and expand its products and services.

Cedric Rays, Partner at Motion Equity Partners commented: “Tokheim Group is a world leader in fuel distribution. It has managed to grow worldwide through excellence in technology and proficiency of the entire value chain from fuel distributors to their maintenance, from gas stations software to payment systems. Motion Equity Partners is pleased to continue supporting Tokheim Group in its ambitious development projects.”

Baudoin de la Tour, CEO of Tokheim added: “In an uncertain financial environment, it is important for clients, employees, and for the management team of Tokheim to strengthen our financial structure and secure our long-term resources to ensure our continued expansion. We are pleased to welcome the FSI as a shareholder alongside Motion and encouraged by their trust and significant investment.”

The MEP team is composed of Patrick Eisenchteter, Cédric Rays and Anthony Baudoin.

For any additional information, please contact :

Cédric Rays    Motion Equity Partners    +33 1 53 83 79 16

Edited by Motion Equity Partners.  Motion Equity Partners SA is authorised and regulated by the Autorité des Marchés Financiers.  Motion Equity Partners SA acts as an investment advisor for its client Motion Fund II (GP) Limited which is managing Motion Fund II (GP) LP, managing Motion II ‘A’ LP and Motion II ‘B’ LP, (altogether “Motion Fund II”), which have invested in Cognetas II ‘A’ FCPR and Cognetas II ‘B’ FCPR.  Cognetas II ‘A’ FCPR and Cognetas II ‘B’ FCPR are managed by Motion Equity Partners SA.  The invested funds have been contributed by Cognetas II ‘A’ FCPR and Cognetas II ‘B’ FCPR. In this release, the information concerning Motion refer to Cognetas II ‘A’ FCPR and Cognetas II ‘B’ FCPR, or, if necessary, to Motion Equity Partners SA and/or to entities related to Motion Fund II.

Motion Equity Partners is a company specialized in advising private equity investments, based in Paris and Milan. Motion Equity Partners advises funds totaling over € 2 billion. The investment team has extensive experience investing in the following sectors: business services, consumer goods, specialist retail, leisure and health.
The most recent investments of Motion Equity Partners include Arcaplanet, the leading Italian specialist retailer chain of pet food and accessories, and Fullsix, a leading independent agency in the digital marketing and communication fields in Europe

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