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 2nd transaction in the Engineering sector.
  • This is Andera Partners’ 69th and Siparex’s 42nd 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

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 105 of 105
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 13 of 13
Country (France) 69 of 69
Year (2024) 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 3.7B 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 45 of 45
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 8 of 8
Country (France) 42 of 42
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Syscom-Prorep

Lisses, France

Syscom-Prorep is a French-Italian distributor and integrator of electronic components and sub-assemblies. The company is currently involved in numerous applications: medical, industrial, military, automotive, telecom. Syscom-Prorep was founded in 1983 and is based in Lisses, 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 22
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 12 of 12
Country (France) 21 of 21
Year (2024) 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 -
Mergr

Product

Company

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