Highlights

France keeps on benefitting from a perception of relative geopolitical stability versus other geographies, and from the continued reforms carried out by President Macron. Although the number of large transactions has reduced quite dramatically after exceptional 2017 and 2018 vintages, the buy-out market remains healthy with substantial premium being paid on high-quality businesses.

 

Consumer, Leisure and Retail:

Healthcare:

  • Ardian has sold Financiere Ionisos, a France-based company providing ionising radiation treatment and cold sterilisation services, to 3i Infrastructure for a consideration of €325m

Industrial Products & Services:

  • Equistone has acquired Sateco, the France-based provider of specialist equipment and safety products for the building and civil engineering industries, from Naxicap Partners, for an undisclosed consideration. DC Advisory advised Equistone, see more >
  • Xtech Invest has agreed to acquire Sintex, a France-based company engaged in processing thermoplastics, thermosets and metal plastic electronics, for a consideration of €155m

Services:

  • Equistone has acquired Vulcain, the French engineering consultancy group serving the energy and pharmaceuticals and sectors, from Naxicap, for an undisclosed consideration. DC Advisory advised Vulcain Ingénierie, see more >
  • The Carlyle Group has agreed to acquire a majority stake in France-based Euro Techno Group, a distributor of products for the equipment, deployment and maintenance of telecommunications networks, from the ETC Group for an undisclosed consideration
  • Qualium Investissement has acquired The Acolad Group, a France-based company engaged in providing translation and interpretation services, from Naxicap, for a consideration of €300m
  • 3i Group has acquired Evernex, the France-based company providing maintenance services for computer equipment, from The Carlyle Group for a consideration of €400m

TMT:

  • Providence Strategic Growth has agreed to acquire l’Car Systems Groupe, a France-based company engaged in developing dealer management systems (DMS) software for car distribution and repair companies, from Argos Wityu, for an undisclosed consideration

France deals by sector

Go back to DC Advisory’s European mid-market private equity round-up >