De Gaulle Fleurance advises Société Générale on the financing of the acquisition of Bac Valves by Meca-Inox group

Deals 12 May 2026

Banking and financing law Banking & Finance

De Gaulle Fleurance advised the banking lenders in connection with the acquisition of Bac Valves, the European leader in the industrial valve industry, by the Meca-Inox group, a recognized specialist in industrial valves.

This strategic external growth transaction forms part of Meca-Inox’s international development strategy; the company has been a leading French player for over 70 years in the design, production and marketing of valves for the most demanding industrial processes.

Meca-Inox specializes in the design and manufacture of cryogenic, butterfly and ball valves in stainless steel and carbon steel, meeting the demands of complex industrial environments. The group offers a comprehensive range of reliable, high-performance solutions, deployed by numerous industrial clients in France and internationally.

Bac Valves is a Spanish company that designs and manufactures ball valves and butterfly valves primarily for the chemical, petrochemical, gas and process industries. The company also holds the entire share capital of Bac Valves (Dalian), based in China.

The acquisition of Bac Valves enables Meca-Inox to expand its presence in the European market whilst consolidating its industrial footprint in Dalian, China, where the group already has a production site.

Bank financing for the transaction was provided by Société Générale and Banque Européenne du Crédit Mutuel. Meca-Inox also received support from Bpifrance and issued a convertible bond underwritten by BNP Paribas Développement.

The banking lenders were advised by Jonathan Souffir, partner, Vahan Guevorkian, senior manager, and Claudine Ayinkamiye, junior associate.

As part of this cross-border transaction, De Gaulle Fleurance worked closely with the law firm Andersen in Spain to ensure the effective coordination of cross-border issues.

Cornet Vincent Segurel advised Meca-Inox group on corporate and M&A matters, with a team led by Adrien Debré, partner, assisted by Aurélien Babin and Elisa Simon, associates, and on financing matters, with a team led by André Watbot, partner, and Marion Nicolas, associate.

Jonathan Souffir, partner at De Gaulle Fleurance: “This transaction demonstrates our ability to arrange complex financing for international M&A transactions, by drawing on specialist legal expertise and close cross-border coordination to serve the lenders.”