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M&A Deal Summary

Gallant Capital Acquires Fime

On May 17, 2024, private equity firm Gallant Capital acquired information technology company Fime from Chequers Capital

Acquisition Highlights
  • This is Gallant Capital’s 2nd transaction in the Information Technology sector.
  • This is Gallant Capital’s 1st transaction in France.

M&A Deal Summary
Date 2024-05-17
Target Fime
Sector Information Technology
Buyer(s) Gallant Capital
Sellers(s) Chequers Capital
Deal Type Secondary Buyout

Target

Fime

Antony, France
Fime is a provider of consulting and market integration services for secure chip based applications, tokens and devices. Fime was founded in 1962 and is based in Antony, France.

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Buyer(S) 1

Buyer

Gallant Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gallant Capital is a private equity firm focused on control investments of profitable lower middle-market companies with up to $40 million of EBITDA. The Firm targets individual or family-owned companies as well as corporate divestitures. Broad areas of interest include technology, industrials, and business services. Gallant Capital was established in 2018 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 11 of 12
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 3 of 3
Country (France) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Arctiq

Irvine, California, United States

Arctiq is a professional IT services, cybersecurity, and risk management organization. Arctiq delivers exceptional, cost-effective professional IT consulting services, end-to-end IT solutions, managed IT services, and IT product sales to state and local government, educational, healthcare and enterprise customers in the largest IT markets nationwide. Arctiq is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-23 Navient - Government Services business

Herndon, Virginia, United States

Navient’s Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO. Navient’s Government Services are based in Herndon, Virginia.

Buy -

Seller(S) 1

SELLER

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium, and large-sized companies in partnership with management. Chequers primarily seek opportunities in France, Germany, Italy, Benelux, Switzerland, and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris, France.

DEAL STATS #
Overall 23 of 24
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 16 of 17
Country (France) 9 of 9
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Nayak Aircraft Service

Dusseldorf, Germany

Nayak Aircraft Service is able to provide line maintenance support for aircraft wherever assistance is required. In addition, our flexible team is able to support on AOG basis, being able to reach any airport within Europe to bring your aircraft back to service. Nayak Aircraft Service was founded in 1974 and is based in Dusseldorf, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Somacis

Castelfidardo, Italy

Somacis focuses on designing and manufacturing highly engineered Printed Circuit Boards (PCBs), targeting advanced technological applications across several end markets including aerospace & defense, telecom infrastructure, industrials, IT, automotive/EV, and medical devices. The company boasts a synergetic global production footprint with five manufacturing facilities across Italy (Castelfidardo, Manfredonia), the UK (Devon), the US (Poway, CA), and China (Dongguan). It leverages an integrated business model strategically designed to position itself as a worldwide one-stop-shop platform matching its global customers’ highest technology, quality, and service standards. Somacis was founded in 1972 and is based in Castelfidardo, Italy.

Sell -
Mergr

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