Corstyrene

CORSTYRENE Group acquires BEOPAN Seller's advisor: TwinL Legal: ADVANCE AVOCATS - Nacime Tobni, Pauline Darmon Audits: Robert OHAYON et Associés - Robert OHAYON Buyer's advisor: Nordine OULMI TwinL advises CORSTYRENE Group (turnover: €25 million) on the acquisition of BEOPAN (turnover: €5 million). Driven by an ambitious development strategy in the fields of insulation systems and eco-construction, the CORSTYRENE Group has entrusted TwinL with an exclusive acquisition mandate to search in France for manufacturers likely to be interested in a short- or medium-term merger via the acquisition of a majority or total stake. Clisthen GUILLOT, President of the Corstyrène Group, said: "The expertise and skills of the Beopan team fully meet the criteria we have set ourselves in terms of external growth: high value-added products, recognized brands (Beopan, Beomur), high-quality teams motivated by new ambitions, and eco-responsible solutions. This was the roadmap given to the TwinL team, which supported us throughout the negotiations. From the initial contact to the final signature, the TwinL team led each stage of this merger. Thanks to its solid financial expertise, TwinL carried out the valuation of this company, and it was on this basis that the agreement was reached. During the discussions, TwinL also played a decisive role in providing psychological support to the parties, which enabled the signing of this transaction." TwinL handled the entire acquisition process for the buyer:

• Identification and approach of targets in France,
• Financial analysis and valuation,
• Discussions and negotiation of agreements with the selected partner until the closing in mid-September 2016.