M&A Deal Summary

Amphenol Acquires CMR Group

On January 27, 2023, Amphenol acquired engineering company CMR Group from LBO France, Omnes Capital and Cathay Capital Private Equity

Acquisition Highlights
  • This is Amphenol’s 1st transaction in the Engineering sector.
  • This is Amphenol’s 3rd transaction in France.

M&A Deal Summary

Date 2023-01-27
Target CMR Group
Sector Engineering
Buyer(s) Amphenol
Sellers(s) LBO France
Omnes Capital
Cathay Capital Private Equity
Deal Type Add-on Acquisition

Target

CMR Group

Marseille, France
CMR Group is a global engineering partner for marine, offshore, and industrial applications. Our solutions include design, manufacturing, and service of instrumentation and engine controls. CMR Group was founded in 1959 and is based in Marseille, France.

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Buyer(S) 1

Buyer

Amphenol

Wallingford, Connecticut, United States

Category Company
Founded 1932
Sector Electronics
Employees125,000
Revenue 15.2B USD (2024)
DESCRIPTION

Amphenol is a producer of electronic and fiber optic connectors, cable, and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe and Asia and sold by a worldwide sales and marketing organization. The primary end markets for the Company's products are communication systems for the converging technologies of voice, video and data communications, industrial/automotive and military/aerospace applications. Amphenol was incorporated in 1932 and is based in Wallingford, Connecticut.


DEAL STATS #
Overall 23 of 33
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 20 of 27
Country: France M&A 3 of 4
Year: 2023 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Halo Technology

Tustin, California, United States

Halo Technology is a provider of active and passive fiber optic interconnect components for the communications infrastructure markets. Halo operates global leading brands including AddOn Networks, ProLabs, and Skylane Optics. Halo Technology is headquartered in Tustin, California.

Buy $715M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-13 PCTEL

Bloomingdale, Illinois, United States

PCTEL is a provider of propagation and wireless network optimization solutions. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions. The company's SeeGull(R) scanning receivers, receiver-based products, and CLARIFY(R) interference management solutions are used to measure, monitor, and optimize cellular networks. Its SeeGull scanning receivers are deployed in industry-leading wireless test and measurement equipment and are viewed as an essential wireless data collection tool for cellular network optimization, drive tests, and spectrum clearing. PCTEL was founded in 1994 and is based in Bloomingdale, Illinois.

Buy $140M

Seller(S) 3

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 54 of 59
Sector: Engineering M&A 2 of 2
Type: Add-on Acquisition M&A Deals 15 of 16
Country: France M&A 45 of 49
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Zato

Prevalle, Italy

Zato specializes in the engineering and production (with mainly design and assembly activities) of grinding and crushing machines for the recycling and sorting of ferrous and non-ferrous metals. Zato was founded in 1999 and is based in Prevalle, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-16 Infodis

Roissy, France

Infodis is a specialist in facilities management and systems and network engineering. Infodis was established in 1985 and is headquartered in Roissy, France.

Sell -
SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 111 of 118
Sector: Engineering M&A 2 of 2
Type: Add-on Acquisition M&A Deals 50 of 53
Country: France M&A 86 of 89
Year: 2023 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-18 ABMI

Guyancourt, France

ABMI is a consulting company in human engineering and proximity. The company offers its services across various sectors: aeronautics and defense, energy, capital goods, and transport. ABMI was formed in 1984 and is based in Guyancourt, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 Tennaxia

Changé, France

Tennaxia is a publisher of SaaS solutions to help listed companies and SMEs/mid-market companies in France with their CSR strategies. The company's mission is to help clients managing their CSR performance (Corporate Social Responsibility), facilitating their HSE governance EHS governance (Environment, Health, and Safety), reducing EHS risks and costs, complying with their main regulatory obligations, and anticipate stakeholder expectations. Tennaxia was founded in 2001 and is based in Changé, France.

Sell -
SELLER

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 26 of 31
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 8
Country: France M&A 18 of 21
Year: 2023 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 Cenexi

Fontenay sous Bois, France

Cenexi engages in the contract manufacturing and packaging of pharmaceuticals for human and veterinary markets in the Americas, Asia, Oceania, Africa, and Europe. Cenexi was founded in 2004 and is based in Fontenay sous Bois, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-17 Biose Industrie

Aurillac, France

Biose Industrie is a Contract Development and Manufacturing Organization (CDMO), specialized in Live Biotherapeutic Products. Biose Industrie has more than 60 years of experience in the development and production of live bacteria based drugs. Biose Industrie offers lab development specialized in microbiology and is Drug GMP certified for the manufacturing of API, clinical batches, and commercial products. Biose Industrie was founded in 1951 and is based in Aurillac, France.

Sell -