Natixis Partners advised the Indian group Sintex in the disposal of its European subsidiary Sintex NP to a consortium led by Siparex

Advised by Natixis Partners, listed Indian group Sintex Plastics Technology sold its European subsidiary Sintex NP, a European leader in processing polymers, composites as well as precision metal engineering parts, to Siparex and a consortium of investors including Carvest, BNP Paribas Développement, and AfricInvest, alongside the Management. Founded in 1930 near Lyon, Sintex NP is a leading player in the design and manufacturing of composites and multi-material solutions for the automotive, aerospace & defense, electronics and home automation sectors. The Group addresses a diversified customer portfolio mainly composed of key accounts, with loyal and longstanding relationships. Supported by a mix of organic and external growth with 10 successful acquisitions in the past 8 years, the Group almost doubled its revenue over this period, reaching today c.€276m of sales and an EBITDA of c.€33m. Employing 2,800 people, the Group has a presence in Europe (France, Germany, Eastern Europe) and also in Africa (Tunisia and Morocco) through 17 industrial sites, thus realizing a vast majority of its activity abroad. Sintex NP’s ambition is now to accelerate its international development, notably in North America, and to pursue the diversification of its customer portfolio as well as its technological expertise.