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’ 64th 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


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 97 of 105
Sector (Construction) 6 of 6
Type (Secondary Buyout) 11 of 13
Country (France) 64 of 69
Year (2022) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Telecom Design

Canejan, France

Telecom Design is a specialist in design of connected solutions of home security and senior remote assistance and has proven its extensive know-how in the development and marketing of turnkey IoT solutions: products, servers, HMI, etc. Telecom Design is also a manufacturer of radio and camera modules. 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) 1 of 1
Type (Secondary Buyout) 4 of 5
Country (France) 8 of 9
Year (2022) 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 formed 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 -