M&A Deal Summary

IN Groupe Acquires Surys

On August 5, 2019, IN Groupe acquired safety/security company Surys from Cathay Capital Private Equity and Abénex

Acquisition Highlights
  • This is IN Groupe’s 1st transaction in the Safety/Security sector.
  • This is IN Groupe’s 1st transaction in France.

M&A Deal Summary

Date 2019-08-05
Target Surys
Sector Safety/Security
Buyer(s) IN Groupe
Sellers(s) Cathay Capital Private Equity
Abénex
Deal Type Add-on Acquisition

Target

Surys

Seine et Marne, France
Surys is a provider of optical and digital security solutions used to authenticate identity documents, vehicle registrations, fiduciary documents, branded products, and tax labels.

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Buyer(S) 1

Buyer

IN Groupe

Paris, France

Category Company
Sector Safety/Security
DESCRIPTION

IN Groupe offers identity solutions and secure digital services in the field of identity and services, especially in security components for identity documents and banking activities, biometric solutions, digital identity offering, and traceability of sensitive products. IN Groupe is based in Paris, France.


DEAL STATS #
Overall 1 of 2
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: France M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Nexus Group

Hägersten, Sweden

Nexus Group provides secure solutions that make it easy to issue, manage and make valuable use of trusted identities for both people and things. Nexus Group specializes in software that empowers a smooth, automated and governed solution to manage the full lifecycle of both physical and digital identities for both people and objects.

Buy -

Seller(S) 2

SELLER

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 13 of 31
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 8
Country: France M&A 8 of 21
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 medifa

Finnentrop, Germany

medifa is an owner-run and internationally active complete solution provider in medical technology. The product and service portfolio covers all operating room requirements including modular wall, door, ceiling, and cabinet systems (RooSy Room Systems) for the turnkey operating room; operating tables, table accessories, and operating lights. medifa is based in Finnentrop, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-02 Terminal

San Francisco, California, United States

Terminal offers community-oriented workplaces, professional development, and unmatched opportunities for remote engineers around the world. Terminal recruit, house, support, and nurture developers for a company. Terminal is based in San Francisco, California.

Buy -
SELLER

Abénex

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Abénex Capital SA is a French private equity firm focuses on acquiring mid-market companies throughout France. The Firm seeks to hold both majority and minority equity interest in companies along with the management teams. Specific areas of interest include consumer productsinterests, business services, industry and healthcare sector. The Firm will consider variety of transaction includes MBOs, MBIs, and LBO. Abénex, Capital SA was formerly known as ABN Amro Capital France and became independent of ABN Amro in 2008. Abénex Capital SA is based in Paris.


DEAL STATS #
Overall 12 of 23
Sector: Safety/Security M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 8
Country: France M&A 11 of 22
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 Blanchon Group

Saint-Priest, France

Blanchon Group is a manufacturer of wood finishes products for professionals and individuals. The Blanchon Group manufactures 7000 references sold under the Blanchon brand in professional distribution networks and the Syntilor brand in DIY stores. The Blanchon Group also produces varnishes for PVC floors for world leaders in flooring manufacturing. Present in several countries in Europe and in major export markets. Blanchon Group was founded in 1832 and is based in Saint-Priest, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 Cruiseline

Monaco, Monaco

Cruiseline is an online travel agency specializing in the sale of cruises in Spain, and Italy. It operates its own internet sites as well as the cruise pages for generalist online travel agencies. Cruiseline was founded in 2005 and is based in Monaco.

Buy -