M&A Deal Summary

FCDE Acquires Kermel

On April 16, 2024, private equity firm FCDE acquired apparel/textiles company Kermel from Ardian and Qualium Investissement

Acquisition Highlights
  • This is FCDE’s 1st transaction in the Apparel/Textiles sector.
  • This is FCDE’s 11th transaction in France.

M&A Deal Summary

Date 2024-04-16
Target Kermel
Sector Apparel/Textiles
Buyer(s) FCDE
Sellers(s) Ardian
Qualium Investissement
Deal Type Secondary Buyout

Target

Kermel

Colmar, France
Kermel is a manufacturer of meta-aramid fibre for protective clothing and industrial applications. Kermel fibre is used for protective clothing. The company is a manufacturer of aramid fibre dedicated to heat resistant protective clothing. Kermel was founded in 1992 and is based in Colmar, France.

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Buyer(S) 1

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 STATS #
Overall 11 of 11
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: France M&A 11 of 11
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Selp

Paris, France

Selp is a group specialising in the design, manufacturing and personalisation of electronic identity documents, bank cards and physical and digital prepaid gift cards. Selp was founded in 1956 and is based in Paris, France.

Buy -

Seller(S) 2

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 234 of 247
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 88 of 92
Country: France M&A 110 of 116
Year: 2024 M&A 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-05 Staci

Saint-Ouen-l'Aumone, France

Staci is a third-party logistics provider with a focus on complex retail logistics. Staci offers innovative B2B and B2C logistics solutions for companies wishing to outsource all or part of their logistics and distribution. Staci was founded in 1989 and is based in Saint-Ouen-l'Aumone, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 2i Aeroporti

Milan, Italy

2i Aeroporti is a holding company set-up to acquire and management airport and other transportation infrastructure assets. 2i Aeroporti was founded in 2010 and is based in Milan, Italy.

Sell -
SELLER

Qualium Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Qualium Investissement is a large private equity firm focused on acquiring and investing in French companies. The Firm does not have any sector preferences and prefers buyouts of family-owned or closely held companies that are seeking a change of ownership. Qualium's looks to invest €20 to €75 million in transactions valued up to €250 million. Qualium Investissement is based in Paris.


DEAL STATS #
Overall 37 of 38
Sector: Apparel/Textiles M&A 2 of 2
Type: Secondary Buyout M&A Deals 25 of 26
Country: France M&A 35 of 36
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-16 REALEASE Capital

Suresnes, France

REALEASE Capital is a professional equipment leasing company. Specialist in the progressive rental of technological assets (IT, telecom, industrial, audiovisual, medical, media, equipment and digital equipment. REALEASE Capital was founded in 1986 and is based in Suresnes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 Constellation

Saint-Cloud, France

Constellation offers a comprehensive IT support package for SMEs: cloud solutions, infrastructure, cybersecurity, sovereign data center, software development, consulting, big data etc., as well as specific expertise in legacy systems (IBM/Oracle). Constellation was founded in 2016 and is based in Saint-Cloud, France.

Sell -