UGGC & Associés counsel of CM-CIC Capital Privé for its investment in MTOP

Founded in 1979 and based in Paris, MTOP is a "spaceplanner" specialized in the interior layout of offices and working areas. Nowadays, it employs 53 salaries and has eight agencies in the north of France and in the Rhône Alpes and Aquitaine areas. The forecast for its 2008 turnover was 26M€, against 21M€ and a net profit of 0,4M€ in 2007. CM-CIC Asset Management is the third-party asset management service provider of France's second-largest retail bank, the Crédit Mutuel-CIC group. It was created by the merger Crédit Mutuel Finance and CIC Asset Management, respectively the asset management companies of Crédit Mutuel and CIC. CM -CIC Capital Privé teams are skilled in all management styles : Active management and index funds, Quantitative management, Absolute return, Guaranteed or protected funds, Ethical or socially responsible investment, Multi-management. The aim of this first fund-raising is to accelerate MTOP’s external growth. With a 3,1M€ participation, CM-CIC Capital Privé acquires minority shares in MTOP Finances, the holding company of MTOP, previously owned by its founder alone, Marc Cauterman. On this amount, one part is made of equity redeemable bond with a seven month due date indexed on the 2008 turnover. The rest of the amount is made of convertible debt. The buy-out is guaranteed by a senior debt equal to 40% of the company’s total shares. Pascal Squercioni, partner, accompanied by Natalia Toribio, counseled CM-CIC Capital Privé for this deal, on all aspects of coporate law.