Comprehensive M&A data with integrated detailed company information
Tekka finds a buyer: Les Echos
Posted on Wednesday, 20 June 2012 14:55
French dental implants firm Tekka is to be acquired out of receivership, according to Les Echos.
The paper said the Commercial Court of Lyon has given Menix approval to buy the Brignais-headquartered firm’s assets.
Sudimplant, Tekka’s Toulouse-based peer which trades as TBR, and Mr Thierry Montagne, the former financial director of LVL Medical, have also been named as potential acquirors by the report.
No financial details of the transaction have been disclosed at present.
Les Echos reported that Menix has been chosen as the bidder as a result of its proposal for the company’s future having more favourable employment terms for Tekka’s staff, with a view to retaining 69 of the company’s 94 workers.
In addition, the plans to set aside EUR 2.50 million for holiday pay and include employee mutual termination rights are said to have swung it for the Declines Charpieu-headquartered dental equipment maker.
Tekka specialises in dental, orthodontic and cranio-maxillo-facial surgery.
The company was founded in 2000 and initially employed just three people, but has since expanded to number 119 members of staff as of 2010.
It previously raised funds in 2006 and 2008, receiving injections of EUR 2.00 million and EUR 6.00 million respectively.
Investors include CM-CIC Capital Privé and Seventure Partners.
Tekka listed on Euronext in February last year, but has been in receivership since 10th May, with its shares having been suspended from trading on this date.
© Zephus Ltd