M&A Deal Summary

Andera Partners, Omnes Capital and Tikehau Capital Acquire Spherea

On May 15, 2019, private equity firm Andera Partners, private equity firm Omnes Capital and asset manager Tikehau Capital acquired test/measurement equipment company Spherea from Tikehau Ace Capital

Acquisition Highlights
  • This is Andera Partners’ 1st, Omnes Capital’s 2nd and Tikehau Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Andera Partners’ 4th, Omnes Capital’s 5th and Tikehau Capital’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2019-05-15
Target Spherea
Sector Test/Measurement Equipment
Buyer(s) Andera Partners
Omnes Capital
Tikehau Capital
Sellers(s) Tikehau Ace Capital
Deal Type Secondary Buyout

Target

Spherea

Wimborne, United Kingdom
Spherea offers modular technology solutions for the entire lifecycle of electronic systems. An integrator, which has developed a wide range of products dedicated to electronic tests, such as the ATEC Series automatic test benches used in maintaining most Airbus and Boeing aircraft, the group relies on the synergy of its professional expertise in the fields of electronics, microwave, optronics, and power electronics. Spherea was founded in 1965 and is based in Wimborne, United Kingdom.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 3

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 71 of 106
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 14
Country: United Kingdom M&A 4 of 4
Year: 2019 M&A 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Kyotherm

Paris, France

Kyotherm specializes in the co-development and financing of decarbonization projects using renewable heat, energy efficiency, and flexibility for industrial and commercial customers. Kyotherm was founded in 2011 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-04 Star s service SA

Epinay Sur Seine, France

Star's service SA is a provider of urban logistics. Star's service provides parcel delivery and food shopping for retail, distribution of the spare part to automotive, Food logistics partner to gourmet and logistics partner of health actors. Star's service was founded in 1987 and is based in Epinay-Sur-Seine, France.

Sell -
Buyer

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 146 of 162
Sector: Test/Measurement Equipment M&A 2 of 2
Type: Secondary Buyout M&A Deals 26 of 27
Country: United Kingdom M&A 5 of 5
Year: 2019 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Urbasolar

Montpellier, France

Urbasolar designs and builds turn-key solar photovoltaic facilities. The company develops, builds and operates these green energy production systems on behalf of their owners. Urbasolar was formed in 2006 and is based in Perols, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Phoenix

Verdello, Italy

Phoenix engages in design, manufacturing, and sale of aluminum extrusion dies for the construction, transportation, and industrial markets. The range of dies is distinguished by technology (flat and porthole), size (150 to 1,200 mm) and the complexity of the profile to be obtained. The die is produced according to the customers' specifications. Phoenix. was founded in 1972 and is based in Verdello, Italy.

Buy -
Buyer

Tikehau Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2004
PE ASSETS 7.8B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Tikehau Capital is a global alternative asset management firm with with a variety of investing strategies including private debt, real assets, private equity, and capital markets strategies. The Firm's private equity group looks to invest directly in companies, private equity funds, as well as minority co-investments with other partners. For direct investments, Tikehau sees to partner with management in companies generating €20 million to €1 billion in revenue. Tikehau Capital was formed in 2004 and is based in Paris, France.


DEAL STATS #
Overall 26 of 54
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 18
Country: United Kingdom M&A 3 of 5
Year: 2019 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 CELOX Medical

Cheshire, United Kingdom

CELOX Medical is a developer of medical device products with a successful track record in the advanced wound care and haemostat markets. CELOX Medical is major in-house development expertise, rapid product development process and long-standing relationships with global blue-chip companies. CELOX Medical was founded in 1999 and is based in Cheshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Ellisphere

Puteaux, France

Ellisphere is a provider of a comprehensive range of business and marketing information services, which allow its clients to develop their portfolio of customers, manage risk and monitor client exposure. Ellisphere collects and processes data to provide high quality, tailored solutions to support clients’ decision-making processes. Ellisphere was founded in 2014 and is based in Puteaux, France.

Buy -

Seller(S) 1

SELLER

Tikehau Ace Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.3B EUR
Size Large
Type Sector Focused
DESCRIPTION

Tikehau Ace Capital is an investment group focused on European and North American companies operating in the cybersecurity, aerospace/defense, and industrials sectors. The Firm will consider businesses at all stages of development, including development capital, buyout, and restructuring situations. Tikehau looks to build partnerships with large corporates when considering opportunities. Tikehau Ace Capital is a business unit of asset manager Tikehau Capital. The Firm is based in Paris, France.


DEAL STATS #
Overall 1 of 3
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Socomore

Vannes, France

Socomore is a manufacturer of adhesives, coatings and nondestructive testing products for the industrial sector. Socomore was founded in 1972 and is based in Vannes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Aries Alliance

Nantes, France

Aries Alliance is a manufacturer of machine tools, titanium wing structures and engine parts for the aerospace sector. Aries Alliance was founded in 2000 and is based in Nantes, France.

Buy -