Buyout (LBO, MBO, MBI) • Defense

FCDE and Kartesia Acquire Exens Solutions

On March 17, 2022, private equity firm FCDE and lender Kartesia acquired defense company Exens Solutions

Acquisition Context
  • This is FCDE’s 1st and Kartesia’s 1st transaction in the Defense sector.
  • This is FCDE’s 8th and Kartesia’s 8th transaction in France.

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M&A Deal Summary

Date March 17, 2022
Target Exens Solutions
Sector Defense
Buyer(s) FCDE
Kartesia
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Exens Solutions

Villebon-Sur-Yvette, France
Exens Solutions specializes in design and manufacture of radio frequency components and subsystems for the space, defense and security, scientific and medical applications industries. Its expertise includes silicon diodes, radio frequency modules, isolators and circulators, filters and duplexers, waveguides and subsystems. Its products are qualified and used on major space, defense and security programs, and for medical applications worldwide. Exens Solutions was founded in 2004 and is based in Villebon-Sur-Yvette, France.
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Buyers Overview 2

Buyer
DESCRIPTION

Fonds de Consolidation et de Développement des Entreprises (FCDE) is a private equity firm supporting the development of high-growth French SMEs and mid-market companies. The Firm deploys equity investments typically ranging from €15 to €55 million in both majority and minority positions, targeting companies with revenues between €10 and €300 million. FCDE was formed in 2009 and is based in Paris.


Deal Context for Buyer #
Overall 8 of 11
Sector: Defense 1 of 1
Type: Buyout (LBO, MBO, MBI) 3 of 4
Country: France 8 of 11
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Bertin Technologies

Montigny-le-Bretonneux, France

Bertin Technologies specializes in the development and integration of systems scientific instrumentation. Bertin Technologies is the historic preferred partner of customers in demanding fields: life sciences, nuclear detection, large instruments scientists, defense & security, space, medical waste treatment. Bertin Technologies was founded in 1956 and is based in Montigny-le-Bretonneux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-04 Lindera Group

Fresnes, France

Lindera Group is a designer, manufacturer, and installer of standard and custom furniture for store networks. Lindera Group was founded in 1993 and is based in Fresnes, France.

Buy -
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 7.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €150 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


Deal Context for Buyer #
Overall 33 of 53
Sector: Defense 1 of 1
Type: Buyout (LBO, MBO, MBI) 12 of 18
Country: France 8 of 11
Year: 2022 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Acti-Med

Freiensteinau, Germany

Acti-Med is a manufacturer of medical technology. Acti-Med develops, produces, and sells high-quality medical components and devices for medical and pharmaceutical industries. Acti-Med was founded in 1997 and is based in Freiensteinau, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Siat

Turate, Italy

Siat is a manufacturing company producing machines for packaging industry. With production site located in North of Italy it manufactures taping equipment (automatic and semiautomatic), stretch wrappers, strapping machines, flexographic machines and tape dispensers. Siat was founded in 1972 and is based in Turate, Italy.

Buy -