Activa Capital and other minority shareholders of CMR

After the first round of an organised auction process including the circulation of an information memorandum to a number of industrial buyers and financial sponsors, Siparex, one of the minority shareholders of CMR, decided to submit its own offer, using its pre-emptive right. Given the price proposed, the shareholders decided to grant them exclusivity and finally to sell them the company.

Canaccord Genuity acted as sole financial advisor to CMR's shareholders. We led an organised auction process until Siparex decided to submit an offer using its pre-emptive right.