M&A Deal Summary

Initiative & Finance and Siparex Acquire Syscom-Prorep

On February 1, 2024, private equity firms Initiative & Finance and Siparex acquired electronics company Syscom-Prorep

Acquisition Highlights
  • This is Initiative & Finance’s 1st and Siparex’s 2nd transaction in the Electronics sector.
  • This is Initiative & Finance’s 34th and Siparex’s 41st transaction in France.

M&A Deal Summary

Date 2024-02-01
Target Syscom-Prorep
Sector Electronics
Buyer(s) Initiative & Finance
Siparex
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Capitalmind International B.V. (Financial)

Target

Syscom-Prorep

Lisses, France
Syscom-Prorep is a French-Italian distributor and integrator of electronic components and sub-assemblies. The company is currently involved in numerous applications: medical, industrial, military, automotive, telecom. Syscom-Prorep was founded in 1983 and is based in Lisses, France.

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Buyer(S) 2

DESCRIPTION

Initiative & Finance is a private equity firm that targets small and mid-sized companies in France, Belgium, and Switzerland across all sectors. The Firm considers all types of buyouts and growth projects as a majority or minority shareholder. The Firm's investment horizon is 4 to 7 years. Initiative & Finance looks to invest between €2 and €50 million in businesses with revenue of €5 to €200 million. Initiative & Finance was established in 1984 and is headquartered in Paris, France.


DEAL STATS #
Overall 38 of 39
Sector (Electronics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 20 of 21
Country (France) 34 of 35
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Réseau Vert L Objectif

Paris, France

Réseau Vert L'Objectif is a French group of temporary employment agencies operating mainly in the landscape maintenance market. The Group operates a network of six branches in four regions (Ile-de-France, Auvergne-Rhône-Alpes, Aquitaine and Occitanie), serving a customer base of professionals, operators and service providers. Réseau Vert L'Objectif was founded in 1999 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 Ocellis

Suresnes, France

Ocellis is a general contractor initially present in the Paris region and active in the design, renovation, fitting out and maintenance of tertiary spaces (including retail and hotels). The group then diversified with the creation of Ocellis Energie, a specialist in HVAC engineering, and expanded with the launch of Ocellis Région. Ocellis was founded in 1999 and is based in Suresnes, France.

Buy -
Buyer

Siparex

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Siparex is a French private equity firm that looks to invest mezzanine or equity capital in companies at all stages of development. The Firm separates its investment activity into mid-market, mezzanine, and small-cap. Within mid-market, Siparex looks to invest €2.5 to €40 million in companies with at least €15 million in sales. Prospective transaction situations include buyouts, shareholder liquidity events, and growth capital financings. The Firm will consider all business sectors. Within its mezzanine group, Siparex looks to invest €2 to €10 million to support growth, acquisitions, refinancings, and restructurings. The small-cap group seeks investments starting at €300K in early-stage companies as well as those undergoing expansion or being sold. Siparex was formed in 1977 and is based in Paris.


DEAL STATS #
Overall 44 of 45
Sector (Electronics) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 17 of 17
Country (France) 41 of 42
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 NG Travel

Paris, France

NG Travel is a tour operator. The group offers a very wide range of tourist stays covering a choice of nearly 30 destinations. The group distributes this offer via its Boomerang Voyages and Promosejours brands, and also offers tailor-made trips on the Directours.com website. NG Travel was founded in 2008 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Groupe ADF

Vitrolles, France

Groupe ADF is a provider of industrial engineering and maintenance services. Groupe ADF specialising in three business lines engineering & expertise, the supply of production and testing equipment, and production & maintenance services. Groupe ADF serves the Aeronautics, Space & Defense Industry, Energies, Oil & Gas sectors. Groupe ADF is based in Vitrolles, France.

Buy -