Credit Mutuel Equity to acquire Aramine from Amundi Private Equity Funds, Sofipaca and Bpifrance.

Credit Mutuel Equity, a private equity firm, agreed to acquire Aramine, a manufacturer of mining machinery and parts, from Amundi Private Equity Funds, Sofipaca and Bpifrance. Financial terms were not disclosed. "Aramine is a well structured and resilient family group, which has succeeded in transforming itself according to market changes and imposing itself on the world stage thanks to a flexible business model. Operated by three closely-knit and experienced siblings, who practice balanced management, the group is pursuing its evolution on a commercial level as well as in the organisation of its capital. The launch of new machines also gives it good prospects for development in an expanding market with strong barriers to entry," Denis Dalmais, Credit Mutuel Senior Principal.