UGGC & Associés is legal counsel for CM-CIC Capital Privé for the Wisetec LBO.

Based in Vénissieux, Wisetec Group is the holding company heading up Centralp Automatismes, an embedded electronical systems designer, and Iris Inspection Machines, producer of quality controling machines for glass. In 2007, the group reached a 21M€ consolidate turnover for a 150 salaries. 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 of 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. With a 1,6M€ investment to finance Wisetec secondary LBO, CM-CIC Capital Privé joins three previous investors into the capital of the company. In 2000, CIC Investissment, Esfin Participations and Rhône Dauphiné Développement had financed an MBI allowing four managers to take control of Centralp Automatismes, shortly before the creation of Iris Inspection Machines. With this new operation, they reach 57% of the company's capital, against 50,6% previously. "Within 5 years, we forecast to reach a 35M€ turnover, of which 8M€ coming form Iris", indicates Wisetec's President, Bernard Sève. Pascal Squercioni, partner, accompanied by Samuel Schmidt, counselled CM-CIC Capital Privé for the financing of this operation.