M&A Deal Summary

Andera Partners Acquires ERI

On April 21, 2022, private equity firm Andera Partners acquired construction company ERI from Latour Capital

Acquisition Highlights
  • This is Andera Partners’ 6th transaction in the Construction sector.
  • This is Andera Partners’ 72nd transaction in France.

M&A Deal Summary

Date 2022-04-21
Target ERI
Sector Construction
Buyer(s) Andera Partners
Sellers(s) Latour Capital
Deal Type Secondary Buyout

Target

ERI

Fontenay-sous-Bois, France
ERI is a provider of renovation, maintenance, and rehabilitation of all types of building for clients mainly composed of public and quasi-public operators. ERI was founded in 1957 and is based in Fontenay-sous-Bois, 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 104 of 123
Sector: Construction M&A 6 of 6
Type: Secondary Buyout M&A Deals 12 of 13
Country: France M&A 72 of 86
Year: 2022 M&A 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Telecom Design

Canejan, France

Telecom Design develops end-to-end IoT solutions for smart-home security and telecare, combining proprietary hardware, software, and cloud services. The company supports major service providers with scalable, industrialized connected devices used worldwide. Telecom Design was founded in 2000 and is based in Canejan, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 ElaN Languages

Heusden-Zolder, Belgium

ElaN Languages is a provider of specialised translation services and customised language training through its technology platform. ElaN Languages was founded in 1990 and is based in Heusden-Zolder, Belgium.

Buy -

Seller(S) 1

SELLER

Latour Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 3.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Latour Capital is a French private equity firm focused on buyouts, divestitures, and growth capital investments in Western Europe. Latour pursues companies valued between €50 and €300 million where it can invest €15 to €45 million. Latour Capital is sector agnostic, but the Firm has a preference for business services companies. Latour Capital was formed in 2011 and is based in Paris.


DEAL STATS #
Overall 8 of 9
Sector: Construction M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 5
Country: France M&A 8 of 9
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Groupe RG

Saint-Priest, France

Groupe RG is a specialized distributor of Personal Protective Equipment (PPE). The group distributes a wide range of products (35,000 references) covering 6 main protection fields: Head, Hand, Foot, Body, Breathing, and Hygiene & Safety in the working environment. Groupe RG was founded in 1987 and is based in Saint-Priest, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Atlas For Men

Paris, France

Atlas For Men is a company specializing in the omnichannel distance selling of outdoor clothing and accessories for men. Atlas For Men is also a major player in the Internet with its 9 e-commerce sites. Atlas For Men was founded in 1999 and is based in Paris, France.

Sell -