M&A Deal Summary

Andera Partners and NiXEN Partners Acquire SMRD-Bat 92

On September 10, 2020, private equity firms Andera Partners and NiXEN Partners acquired construction company SMRD-Bat 92 from Webuild

Acquisition Highlights
  • This is Andera Partners’ 4th and NiXEN Partners’ 3rd transaction in the Construction sector.
  • This is Andera Partners’ 57th and NiXEN Partners’ 27th transaction in France.

M&A Deal Summary

Date 2020-09-10
Target SMRD-Bat 92
Sector Construction
Buyer(s) Andera Partners
NiXEN Partners
Sellers(s) Webuild
Deal Type Divestiture

Target

SMRD-Bat 92

Le Bourget, France
SMRD-Bat 92 is a construction company focused on providing services related to adaptation for people with reduced mobility and the aging population, roofing and terrace, TCE works, common and external areas, and housing. SMRD-Bat 92 is based in Le Bourget, 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 83 of 126
Sector: Construction M&A 4 of 6
Type: Divestiture M&A Deals 2 of 2
Country: France M&A 57 of 89
Year: 2020 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 SE2MServices

Le Bourget, France

SE2MServices is a provider of multi-technical maintenance services. The company's services include ice water production, hot production, ventilation, electrical distribution, and second work. SE2MServices is based in Le Bourget, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-15 Finsecur

Paris, France

Finsecur is a dedicated to design, manufacture, installation and maintenance of fire safety and automatic gas extinguishing systems. Finsecur fully designs its products, and masters all the electronic, mechanical and software aspects. Finsecur was founded in 2000 and is based in Paris, France.

Sell -
Buyer

NiXEN Partners

Paris, France

Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NiXEN is a French private equity group that targets investments in middle-market companies valued between €30 and €300 million. iXEN looks to invest €20 to €25 million of equity capital to support management buyouts/buy-ins, leveraged build-ups, owner buy-outs (OBOs), and public to private deals. The Firm is a 'hands-on' investment group and will consider opportunities in a variety of sectors, including manufacturing, consumer goods, specialist retailing, restaurants, and services. iXEN is supported by Natixis Private Equity and was formerly known as Natexis Industrie. The Firm was formed in 1998 and is based in Paris.


DEAL STATS #
Overall 28 of 30
Sector: Construction M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 27 of 29
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Vulcain Engineering Group

Neuilly- Sur- Seine, France

Vulcain Engineering Group is an engineering consultancy group. The company specializes in energy, oil and gas, pharmaceutical and transportation sectors. Vulcain Engineering Group was founded in 1998 and is based in Neuilly- Sur- Seine, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Magellan Consulting

Paris, France

Magellan Consulting is a consulting company in operational strategy and organization information technology. Magellan Consulting is based on its dual competence: business expertise and the strong technological specialization of its teams, which enables it to support its customers throughout their digital transformation projects. Magellan Consulting was founded in 2008 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Webuild

Lombardia, Italy

Category Company
Sector Construction
Employees43,061
Revenue 11.0B EUR (2024)
DESCRIPTION

Webuild is an industrial group specialising in the construction of major, complex projects, a dynamic Italian company able to compete with global players. Webuild is based in Lombardia, Italy.


DEAL STATS #
Overall 2 of 2
Sector: Construction M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: France M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 SE2MServices

Le Bourget, France

SE2MServices is a provider of multi-technical maintenance services. The company's services include ice water production, hot production, ventilation, electrical distribution, and second work. SE2MServices is based in Le Bourget, France.

Sell -