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M&A Deal Summary

InnovaFonds Acquires Neotec

On March 10, 2023, private equity firm InnovaFonds acquired automotive company Neotec from Ixo Private Equity and Bpifrance Investissement

Acquisition Highlights
  • This is InnovaFonds’ 2nd transaction in the Automotive sector.
  • This is InnovaFonds’ 23rd transaction in France.

M&A Deal Summary
Date 2023-03-10
Target Neotec
Sector Automotive
Buyer(s) InnovaFonds
Sellers(s) Ixo Private Equity
Bpifrance Investissement
Deal Type Secondary Buyout

Target

Neotec

Bressols, France
Neotec specializes in design and manufacture of sub-assemblies, equipment, chassis and vehicle transmission components for industrial applications, particularly railway applications. Neotec was founded in 1991 and is based in Bressols, 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 24 of 34
Sector: Automotive M&A 2 of 2
Type: Secondary Buyout M&A Deals 5 of 6
Country: France M&A 23 of 33
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 SPC Group

Rilleux-la-Pape, France

SPC Group specializes in the design and manufacturing of high precision pumps and dosing-filling needles for pharmaceutical laboratories and equipment manufacturers for the pharmaceutical industry. SPC Group is based in Rilleux-la-Pape, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Papiers A. Paviot

Corbas, France

Papiers A. Paviot is a family group specializing in the manufacture of “food contact” packaging solutions in paper and aluminum. Papiers A. Paviot was founded in 1867 and is based in Corbas, France.

Buy -

Seller(S) 2

SELLER

Ixo Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 970M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ixo Private Equity is a private investment firm focused on acquiring and investing in companies at all stages, including venture, growth, and buyout. The Firm's buyout group does not have any sector preferences and looks to invest €2 to €30 million. Ixo's geographic preference is for opportunities throughout Western Europe. Ixo Private Equity was formed in 2002 and is based in Toulouse, France.

DEAL STATS #
Overall 14 of 30
Sector: Automotive M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 8
Country: France M&A 13 of 28
Year: 2023 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-16 Altereo

Venelles, France

Altereo is a group whose activities are water and environmental engineering, consulting in the management of public services, sustainable development of the city and the territory and the publication of geographic information software. Altereo was founded in 1989 and is based in Venelles, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 J V Group

Merignac, France

J V Group is specialized in production of basic parts, sub-assemblies and tools for aircraft structures, helicopters, satellites, launchers, missiles, etc. J V Group was founded in 2002 and is based in Merignac, France.

Sell -
SELLER

Bpifrance Investissement

Category Private Equity Firm
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 15 of 21
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 12 of 15
Country: France M&A 15 of 21
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 Tennaxia

Changé, France

Tennaxia is a publisher of SaaS solutions to help listed companies and SMEs/mid-market companies in France with their CSR strategies. The company's mission is to help clients managing their CSR performance (Corporate Social Responsibility), facilitating their HSE governance EHS governance (Environment, Health, and Safety), reducing EHS risks and costs, complying with their main regulatory obligations, and anticipate stakeholder expectations. Tennaxia was founded in 2001 and is based in Changé, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 Naldeo

Lyon, France

Naldéo is a french engineering and design office company specialised in the environment especially in water, waste and energy markets. Naldeo is based in Lyon, France.

Buy -
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