M&A Deal Summary

Andera Partners and Siparex Acquire Groupe ADF

On March 6, 2024, private equity firms Andera Partners and Siparex acquired engineering company Groupe ADF from Abénex

Acquisition Highlights
  • This is Andera Partners’ 2nd and Siparex’s 3rd transaction in the Engineering sector.
  • This is Andera Partners’ 70th and Siparex’s 83rd transaction in France.

M&A Deal Summary

Date 2024-03-06
Target Groupe ADF
Sector Engineering
Buyer(s) Andera Partners
Siparex
Sellers(s) Abénex
Deal Type Secondary Buyout

Target

Groupe ADF

Vitrolles, France
Groupe ADF is a provider of industrial engineering and maintenance services. Groupe ADF specialising in three business lines engineering & expertise, the supply of production and testing equipment, and production & maintenance services. Groupe ADF serves the Aeronautics, Space & Defense Industry, Energies, Oil & Gas sectors. Groupe ADF is based in Vitrolles, France.

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Buyer(S) 2

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 106 of 106
Sector: Engineering M&A 2 of 2
Type: Secondary Buyout M&A Deals 14 of 14
Country: France M&A 70 of 70
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 Meotec

Boulogne-Billancourt, France

Meotec is a consulting firm specializing in project and purchasing management. More than 300 consultants support customers in five different skills: project management, procurement, economic performance, quality and processes, and interim management. Meotec was founded in 2005 and is based in Boulogne-Billancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Amolyt Pharma

Ecully, France

Amolyt Pharma is a clinical-stage biotechnology company, building therapeutic peptides to deliver life-changing treatments to patients suffering from rare endocrine and related diseases. Amolyt Pharma was founded in 2015 and is based in Ecully, France.

Sell $1.1B
Buyer

Siparex

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Siparex is a French private equity firm that looks to invest mezzanine or equity capital in companies at all stages of development. The Firm separates its investment activity into mid-market, mezzanine, and small-cap. Within mid-market, Siparex looks to invest €2.5 to €40 million in companies with at least €15 million in sales. Prospective transaction situations include buyouts, shareholder liquidity events, and growth capital financings. The Firm will consider all business sectors. Within its mezzanine group, Siparex looks to invest €2 to €10 million to support growth, acquisitions, refinancings, and restructurings. The small-cap group seeks investments starting at €300K in early-stage companies as well as those undergoing expansion or being sold. Siparex was formed in 1977 and is based in Paris.


DEAL STATS #
Overall 90 of 102
Sector: Engineering M&A 3 of 3
Type: Secondary Buyout M&A Deals 16 of 18
Country: France M&A 83 of 95
Year: 2024 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Rumeur Publique

Saint-Denis, France

Rumeur Publique is an independent communications agency specialising in corporate and institutional influence consulting. Rumeur Publique provides services such as brand strategy, media relations, public affairs and digital content for clients across technology, industry, energy, transport and finance sectors. Rumeur Publique was founded in 1988 and is based in Saint-Denis, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-12 Capron Podologie

Ecuisses, France

Capron Podologie supplies professional equipment, materials, and instruments for podiatry and pedicure practices. The Company provides diagnostic tools, care units, sterilization systems, consumables, and fabrication materials used by healthcare practitioners and laboratories. Capron Podologie was founded in 1974 and is based in Ecuisses, France.

Buy -

Seller(S) 1

SELLER

Abénex

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Abénex Capital SA is a French private equity firm focuses on acquiring mid-market companies throughout France. The Firm seeks to hold both majority and minority equity interest in companies along with the management teams. Specific areas of interest include consumer productsinterests, business services, industry and healthcare sector. The Firm will consider variety of transaction includes MBOs, MBIs, and LBO. Abénex, Capital SA was formerly known as ABN Amro Capital France and became independent of ABN Amro in 2008. Abénex Capital SA is based in Paris.


DEAL STATS #
Overall 22 of 23
Sector: Engineering M&A 1 of 1
Type: Secondary Buyout M&A Deals 12 of 12
Country: France M&A 21 of 22
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Prevost Laboratory Concept

Nouvoitou, France

Prevost Laboratory Concept specializes in the formulation and manufacturing of cosmetics, food supplements, and animal care products. Prevost Laboratory Concept provides a complete service to its customers by formulating, producing, and packaging capacities. Prevost Laboratory Concept adapts to all batch sizes, provides a wide variety of packaging, and offers numerous galenic forms. Prevost Laboratory Concept was founded in 1992 and is based in Nouvoitou, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-22 Emeraude Capital

Quimper, France

Emeraude Capital’s offer is built around four key areas of expertise – insurance intermediation, financial investment advice, wealth engineering and social protection. Emeraude Capital was formed in 2024 and is based in Quimper, France.

Buy -