In late December 2023, Eurazeo, Ardian, Mérieux Equity Partners and Eximium announced that they had sold their stakes in the Humens Group to Leto Partners, a French private equity firm specialising in decarbonisation.
Humens is a leading player in high-purity mineral specialities with a strong presence in Europe and Asia. The Group primarily supplies sodium bicarbonate to the pharmaceutical, cosmetics and food industries, as well as sodium carbonate used in the production of flat and hollow glass.
As part of the takeover, a management package comprising preference shares has been put in place. SORGEM Evaluation regularly undertakes this type of assignment, which requires specific expertise (the valuation of equity options necessitates the use of specific valuation models) and our extensive experience in litigation and tax audits also enables us to provide valuable advice on minimising the risk of disputes (which may, in particular, lead to capital gains being reclassified as salary).