M&A Deal Summary

Naxicap Partners, Ardian and IDIA Capital Investissement Acquire Lagarrigue

On April 27, 2021, private equity firm Naxicap Partners, private equity firm Ardian and corporate investor IDIA Capital Investissement acquired medical products company Lagarrigue from Ardian

Acquisition Highlights
  • This is Naxicap Partners’ 6th, Ardian’s 7th and IDIA Capital Investissement’s 3rd transaction in the Medical Products sector.
  • This is Naxicap Partners’ 125th, Ardian’s 181st and IDIA Capital Investissement’s 80th transaction in France.

M&A Deal Summary

Date 2021-04-27
Target Lagarrigue
Sector Medical Products
Buyer(s) Naxicap Partners
Ardian
IDIA Capital Investissement
Sellers(s) Ardian
Deal Type Secondary Buyout

Target

Lagarrigue

Toulouse, France
Lagarrigue is a designer and distributor of prosthetic and orthotic devices. Lagarrigue was founded in 1976 and is based in Toulouse, France.

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Buyer(S) 3

Buyer

Naxicap Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 6.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Naxicap Partners is a private equity firm focused on leveraged buyouts and growth capital investments in small to medium-sized businesses in France, the Benelux, Spain, and Germany. Naxicap invests in a variety of sectors including business services, technology, healthcare, food, real estate, and consumer products. Naxicap Partners was established in 2005 and is headquartered in Paris, France.


DEAL STATS #
Overall 133 of 139
Sector: Medical Products M&A 6 of 6
Type: Secondary Buyout M&A Deals 36 of 38
Country: France M&A 125 of 131
Year: 2021 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Agro Service 2000

Menat, France

Agro Service 2000 is a provider of distribution network specialized in products to professionals involved in agriculture, forestry and DIY (do-it-yourself). Its merchandise includes materials, tools and other supplies. Agro Service 2000 was founded in 1982 and is based in Menat, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 SFP Expansion

Aix-en-Provence, France

SFP Expansion specializing in training activities for healthcare professionals. SFP Expansion is based in Aix-en-Provence, France.

Buy -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 401 of 464
Sector: Medical Products M&A 7 of 7
Type: Secondary Buyout M&A Deals 126 of 155
Country: France M&A 181 of 206
Year: 2021 M&A 9 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Streem Group

Levallois-Perret, France

Streem Group is a provider of industrial railcars and tank containers leasing services. Streem Group was founded in 1956 and is based in Levallois-Perret, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Solina

Bréal-Sous-Monfort, France

Solina is a European manufacturer of ingredient and seasoning blends for the food industry. The company serves more than eighteen thousand clients with 2, 250 employees across twenty-seven sites across Europe and Canada. It is exposed to resilient food consumption markets and to secular growth trends fuelled by the shift in food consumption towards more premium and natural ingredients. Solina puts sustainability at the center of its activities by creating healthier food solutions and more sustainable diets as well as by contributing to the development of meat alternatives. Solina was formed in 1988 and is based in Bréal-Sous-Monfort, France.

Sell -
Buyer

IDIA Capital Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 1980
PE ASSETS 2.9B EUR
Size Large
Type Sector Focused
DESCRIPTION

IDIA Capital is a long-term agroindustry investor. Specific areas of interest include sectors related to the food industry, wine, agriculture production, and forestry. IDIA typically provides growth capital and can commit €1 to €50 million per transaction. IDIA is a unit of Credit Agricole Group’s Private Equity & Finance Division. The Firm is based in Paris.


DEAL STATS #
Overall 82 of 114
Sector: Medical Products M&A 3 of 4
Type: Secondary Buyout M&A Deals 13 of 18
Country: France M&A 80 of 112
Year: 2021 M&A 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Smartway

Saint-Herblain, France

Smartway supports distributors in the fight against food waste. Based on artificial intelligence, the software solution makes it possible to detect products approaching their expiry date and decide on the best way to revalue them (labeling of a relevant discount, simplified donation to charities, etc.). Smartway was founded in 2012 and is based in Saint-Herblain, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Sun R

Paris, France

Sun'R is a developer and operator of photovoltaic plants. Sun'R was founded in 2007 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 195 of 247
Sector: Medical Products M&A 4 of 5
Type: Secondary Buyout M&A Deals 71 of 92
Country: France M&A 97 of 116
Year: 2021 M&A 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Streem Group

Levallois-Perret, France

Streem Group is a provider of industrial railcars and tank containers leasing services. Streem Group was founded in 1956 and is based in Levallois-Perret, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Solina

Bréal-Sous-Monfort, France

Solina is a European manufacturer of ingredient and seasoning blends for the food industry. The company serves more than eighteen thousand clients with 2, 250 employees across twenty-seven sites across Europe and Canada. It is exposed to resilient food consumption markets and to secular growth trends fuelled by the shift in food consumption towards more premium and natural ingredients. Solina puts sustainability at the center of its activities by creating healthier food solutions and more sustainable diets as well as by contributing to the development of meat alternatives. Solina was formed in 1988 and is based in Bréal-Sous-Monfort, France.

Sell -