M&A Deal Summary

Andera Partners Acquires Auxiga

On November 15, 2019, private equity firm Andera Partners acquired financial services company Auxiga from IK Partners

Acquisition Highlights
  • This is Andera Partners’ 1st transaction in the Financial Services sector.
  • This is Andera Partners’ 52nd transaction in France.

M&A Deal Summary

Date 2019-11-15
Target Auxiga
Sector Financial Services
Buyer(s) Andera Partners
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

Auxiga

Boulogne-Billancourt, France
Auxiga provides inventory-pledge and asset-control services, helping businesses secure financing by using their stock and equipment as collateral. The group acts as a trusted third party for banks and companies, offering asset valuation, monitoring, and audit solutions. Auxiga was founded in 1919 and is based in Boulogne-Billancourt, France.

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Buyer(S) 1

Buyer

Andera Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 78 of 125
Sector: Financial Services M&A 1 of 4
Type: Secondary Buyout M&A Deals 10 of 15
Country: France M&A 52 of 88
Year: 2019 M&A 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Groupe Bacacier

Aigueperse, France

Groupe Bacacier is one of France’s major specialists in metal cladding. Drawing on high levels of industry expertise in the transformation of steel (profiling, folding, cutting, stamping and pressing), Bacacier provides a full range of cladding products (roofing, facades and cladding, structural floors and false ceilings). Groupe Bacacier products are used in all types of buildings: industrial, agricultural, commercial and residential. Bacacier has also expanded its offering of consumer products, available through major DIY chains, and developed a range for architects, notably in collaboration with designer Philippe Starck.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Chabe

Nanterre, France

Chabe is a french car hire business. Chabe was founded in 1921 and is based in Nanterre, France.

Sell -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 84 of 122
Sector: Financial Services M&A 2 of 5
Type: Secondary Buyout M&A Deals 31 of 51
Country: France M&A 13 of 27
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Ellab

Hilleroed, Denmark

Ellab is a manufacturer of solutions for measuring, recording, monitoring, and validating critical parameters of thermal processing. Ellab offers a product range of high-precision systems for temperature, pressure, and humidity monitoring and validation based on either data loggers or thermocouple-based wired instruments. Ellab was founded in 1949 and is based in Hilleroed, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Mabtech

Nacka Strand, Sweden

Mabtech is a biotech company specialising in immune monitoring products used by companies and researchers on a global scale. Mabtech was founded in 1986 and is based in Nacka Strand, Sweden.

Buy -