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M&A Deal Summary

NewAlpha Asset Management Acquires Presto Engineering

On December 12, 2018, asset manager NewAlpha Asset Management acquired semiconductors company Presto Engineering from Credit Mutuel Equity

Acquisition Highlights
  • This is NewAlpha Asset Management’s 1st transaction in the Semiconductors sector.
  • This is NewAlpha Asset Management’s 2nd transaction in France.

M&A Deal Summary
Date 2018-12-12
Target Presto Engineering
Sector Semiconductors
Buyer(s) NewAlpha Asset Management
Sellers(s) Credit Mutuel Equity
Deal Type Secondary Buyout

Target

Presto Engineering

Grenoble, France
Presto Engineering provides ASIC design and integrated semiconductor services. The Company helps innovative companies imagine and implement microelectronic solutions for tomorrow, in high-value markets such as Medical, Automotive, Industrial and Communication, while reducing risk, minimizing fixed cost structure, and accelerating time-to-market. Presto Engineering was founded in 2006 and is based in Grenoble, France.

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Buyer(S) 1

Buyer

NewAlpha Asset Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2009
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

New Alpha Asset Management is an asset management and advisory firm operating across multiple asset classes globally including public equities, private equity, private credit, infrastructure, hedge funds, and liquid alternatives. NewAlpha Asset Management was established in 2004 and is headquartered in Paris, France.

DEAL STATS #
Overall 2 of 7
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: France M&A 2 of 7
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 BioBank

Lieusaint, France

BioBank is a human origin bone bank who provide services from bone collection (femoral heads) to transformation, and then the distribution of virally inactivated and sterile bone grafts used in orthopaedic and dental surgery. BioBank was founded in 1999 and is based in Lieusaint, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Sinari

Cesson-Sevigne, France

Sinari provides business software solutions intended for road hauliers and logisticians, in France and the Benelux. Sinari is based in Cesson-Sevigne, France.

Buy -

Seller(S) 1

SELLER

Credit Mutuel Equity

Investor Investor Investor Investor Investor

Category Asset Manager
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.

DEAL STATS #
Overall 23 of 39
Sector: Semiconductors M&A 1 of 2
Type: Secondary Buyout M&A Deals 14 of 20
Country: France M&A 22 of 35
Year: 2018 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Coprodex Compagnie Des Produits D Extrusion SAS

Saint-Avold, France

Coprodex Compagnie Des Produits D'Extrusion SAS is a maker of profiles and accessories for joinery manufacturers and installers. Coprodex Compagnie Des Produits D'Extrusion was founded in 1997 and is based in Saint- Avold, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 DBF Automobiles

Artigues-pres-Bordeaux, France

DBF Automobiles offers new and used vehicles along with after-sales services including maintenance, repair, and bodywork. The group also provides online used vehicle sales, automotive services for professionals such as car sharing, and pursues a targeted acquisition strategy. DBF Automobiles was founded in 2008 and is based in Artigues-pres-Bordeaux, France.

Buy -
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