M&A Deal Summary

InnovaFonds Acquires Chloride

On December 1, 2021, private equity firm InnovaFonds acquired electrical equipment company Chloride from Vertiv

Acquisition Highlights
  • This is InnovaFonds’ 2nd transaction in the Electrical Equipment sector.
  • This is InnovaFonds’ 18th transaction in France.

M&A Deal Summary

Date 2021-12-01
Target Chloride
Sector Electrical Equipment
Buyer(s) InnovaFonds
Sellers(s) Vertiv
Deal Type Buyout (LBO, MBO, MBI)

Target

Chloride

Chassieu, France
Chloride is a global supplier of industrial UPS systems, safety lighting, and related services, ensuring reliable power for critical applications across energy, transport, industry, and infrastructure sectors. Chloride was founded in 1891 and is based in Chassieu, France.

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Buyer(S) 1

Buyer

InnovaFonds

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 500M 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 €3 to €25 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, France.


DEAL STATS #
Overall 19 of 34
Sector: Electrical Equipment M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 12
Country: France M&A 18 of 33
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Alpex Protection

Saint-Chamond, France

Alpex Protection is a manufacturer of technical textiles by lamination/laminating (combination of multiple supports). Alpex Protection is based in Saint-Chamond, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-01 Novae

Paris, France

Novae specializes in consulting and technical expertise in France and abroad for the high tech industries defense, aerospace, aeronautics and transportation. The Group has 3 activities Support Engineering and Maintenance of operational Conditions, Knowledge transfer, Design Engineering and Manufacturing. Novae was founded in 2003 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Vertiv

Columbus, Ohio, United States

Category Company
Founded 2016
Sector Electrical Equipment
Employees27,000
Revenue 8.0B USD (2024)
DESCRIPTION
Vertiv's corporate headquarters in Columbus, Ohio.
Vertiv's corporate headquarters in Columbus, Ohio.

Vertiv designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks, and commercial and industrial facilities. Vertiv was established in 2016 and is based in Columbus, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 E+I Engineering

Donegal, Ireland

E+I Engineering is a global provider of electrical switchgear and power distribution solutions with a proven track record for quality, technical expertise, and customer service. E+I Engineering was founded in 1986 and is based in Donegal, Ireland.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-17 Great Lakes Data Racks & Cabinets

Edinboro, Pennsylvania, United States

Great Lakes Data Racks & Cabinets specializes in the manufacturing and integration of indoor/outdoor enclosures for the storage and protection of IT equipment. Great Lakes Data Racks & Cabinets was founded in 1985 and is based in Edinboro, Pennsylvania.

Buy $200M