M&A Deal Summary

InnovaFonds, BNP Paribas Developpement and Demeter Partners Acquire Avidsen

On May 19, 2014, private equity firm InnovaFonds, growth capital firm BNP Paribas Developpement and private equity firm Demeter Partners acquired electronics company Avidsen from HF Company for 24M EUR

Acquisition Highlights
  • This is InnovaFonds’ 1st, BNP Paribas Developpement’s 1st and Demeter Partners’ 2nd transaction in the Electronics sector.
  • This is InnovaFonds’ 0th, BNP Paribas Developpement’s 0th and Demeter Partners’ largest (disclosed) transaction.
  • This is InnovaFonds’ 2nd, BNP Paribas Developpement’s 3rd and Demeter Partners’ 25th transaction in France.

M&A Deal Summary
Date 2014-05-19
Target Avidsen
Sector Electronics
Buyer(s) InnovaFonds
BNP Paribas Developpement
Demeter Partners
Sellers(s) HF Company
Deal Type Divestiture
Deal Value 24M EUR

Target

Avidsen

Tours, France
Avidsen designs and distributes solutions and connected equipment for individuals and professionals. Avidsen markets a wide range of products through different brands. Avidsen is based in Tours, France.

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Buyer(S) 3

Buyer

InnovaFonds

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 350M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

InnovaFonds is a private equity firm focused on acquiring and investing in small to mid-sized French companies. The Firm looks to invest €2 to €15 million to support a variety of businesses with proven industrial, technological, and commercial expertise. InnovaFonds will consider both majority or minority positions. InnovaFonds was formed in 2011 and is headquartered in Paris.

DEAL STATS #
Overall 2 of 25
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 2
Country (France) 2 of 24
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Avencall/Xivo

Lyon, France

AVENCALL is a provider of software solutions that supports Call Centers & Public Authorities in their critical and unified communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-23 Numalliance

Saint-Michel-sur-Meurthe, France

Numalliance is a manufacturer of CNC machine tools specializing in bending and cold forming of metal wires, tubes, and flats. Numalliance is based in Saint-Michel-sur-Meurthe, France.

Buy -
Buyer

BNP Paribas Developpement

Investor

Category Growth Capital Firm
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BNP Paribas Developpement is the growth-oriented development arm of financial services firm and bank BNP Paribas. BNP Paribas Developpement supports a range of lower middle-market companies and looks to invest in minority positions to support growth. BNP Paribas Developpement was formed in 1988 and is based in Paris, France.

DEAL STATS #
Overall 5 of 21
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 3 of 17
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 Luminator

Plano, Texas, United States

Luminator is a provider of advanced information systems and LED displays and lighting products for a wide range of applications in metropolitan and commercial transportation systems, including systems for the rail, bus, and aerospace industries. Luminator was founded in 1928 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Falières Nutrition

Captieux, France

Falières Nutrition specializes in the production and packaging of meal boxes. Falières Nutrition is based in Captieux, France.

Buy -
Buyer

Demeter Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Focused
DESCRIPTION

Demeter is a private investment group focused on providing expansion and development capital to renewable energy and environmental companies. The Firm primarily looks for opportunities in France, but also pursues companies in greater Europe. The Firm will consider businesses at all stages of development and seeks to commit €1 to €30 million per investment. Demeter was formed in 2005 and is based in Paris.

DEAL STATS #
Overall 37 of 44
Sector (Electronics) 2 of 2
Type (Divestiture) 3 of 3
Country (France) 25 of 31
Year (2014) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 Agri-Espirit SAS

Strasbourg, France

Agri-Espirit SAS is a provider of software enabled farm management solutions to medium to large farms and cooperatives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Delta Recyclage

Lansargues, France

Delta Recyclage is a provider of waste management and recycling services. Delta Recyclage every year collects 160,000 tonnes of waste, including paper/cardboard, routine industrial waste, and selective collections. Delta Recyclage is based in Lansargues, France.

Sell -

Seller(S) 1

SELLER

HF Company

Tauxigny, France
Category Company
Sector Manufacturing
DESCRIPTION

HF Company is an international manufacturer and retailer on equipment as terrestrial and TV reception, digital peripheries, home automation, and networks (ADSL, VDSL and CPL). HF Company is based in Tauxigny, France.

DEAL STATS #
Overall 1 of 2
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 2
Country (France) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 VOXX German Holdings

Pulheim, Germany

VOXX German Holdings GmbH is a manufacturer and supplier of consumer electronics products. VOXX also operates worldwide, has developed a wide range of products under a portfolio of well-known brands for decades. These brands include: MAGNAT , MAGNAT.LZR , OEHLBACH , HECO , MAC AUDIO , AUDIOVOX , 360FLY , SCHWAIGER , ACOUSTIC RESEARCH , 808audio. VOXX German Holdings GmbH is based in Pulheim, Germany.

Buy $19M
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