Investment Summary

NiXEN Partners Exit Vulcain Engineering Group

On June 24, 2019, private equity firm Equistone, asset manager Sagard and private equity firm NiXEN Partners invested in engineering company Vulcain Engineering Group from NiXEN Partners

Investment Highlights
  • This is Equistone’s 5th, Sagard’s 1st and NiXEN Partners’ 2nd transaction in the Engineering sector.
  • This is Equistone’s 67th, Sagard’s 28th and NiXEN Partners’ 26th transaction in France.
Investment Fate
  • Vulcain Engineering Group was sold to a consortium of financial buyers in 2023.

Investment Summary

Date 2019-06-24
Target Vulcain Engineering Group
Sector Engineering
Investor(s) Equistone
Sagard
NiXEN Partners
Sellers(s) NiXEN Partners
Deal Type Secondary Buyout

Target

Vulcain Engineering Group

Neuilly- Sur- Seine, France
Vulcain Engineering Group is an engineering consultancy group. The company specializes in energy, oil and gas, pharmaceutical and transportation sectors. Vulcain Engineering Group was founded in 1998 and is based in Neuilly- Sur- Seine, France.

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Investor(S) 3

Investor

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 227 of 252
Sector: Engineering M&A 5 of 5
Type: Secondary Buyout M&A Deals 71 of 83
Country: France M&A 67 of 72
Year: 2019 M&A 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 CH&CO

Reading, United Kingdom

CH&CO provides contract and hospitality catering services to a broad range of sectors including workplaces, venues, tourist destinations, independent and State schools, further education, healthcare, and events. CH&CO was founded in 1991 and is based in Reading, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Sateco

Mirebeau, France

Sateco is a French provider of metal formworks and safety platforms. Sateco designs and manufactures metal formworks and safety platforms, which are sold to clients primarily in the construction industry. The business also offers complementary services such as equipment rental, maintenance, technical support and training. Sateco was founded in 1953 and is based in Mirebeau, France.

Buy -
Investor

Sagard

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.


DEAL STATS #
Overall 32 of 41
Sector: Engineering M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 17
Country: France M&A 28 of 34
Year: 2019 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Sabena Technics

Paris, France

Sabena Technics is a provider of maintenance, repair, and overhaul (MRO) services for both the military and civil aerospace sector. Sabena Technics was founded in 1968 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Audensiel

Boulogne-Billancourt, France

Audensiel is a consulting company specialised in technological innovation and digital transformation. Audensiel was founded in 2012 and is based in Boulogne-Billancourt, France.

Buy -
Investor

NiXEN Partners

Paris, France

Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NiXEN is a French private equity group that targets investments in middle-market companies valued between €30 and €300 million. iXEN looks to invest €20 to €25 million of equity capital to support management buyouts/buy-ins, leveraged build-ups, owner buy-outs (OBOs), and public to private deals. The Firm is a 'hands-on' investment group and will consider opportunities in a variety of sectors, including manufacturing, consumer goods, specialist retailing, restaurants, and services. iXEN is supported by Natixis Private Equity and was formerly known as Natexis Industrie. The Firm was formed in 1998 and is based in Paris.


DEAL STATS #
Overall 27 of 30
Sector: Engineering M&A 2 of 2
Type: Secondary Buyout M&A Deals 7 of 8
Country: France M&A 26 of 29
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Weave SA

Paris, France

Weave SA is a provider of consultancy services in France and Belgium for operational strategy. Weave was formed in 2001 and is based in Paris, France.

Sell €120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 SMRD-Bat 92

Le Bourget, France

SMRD-Bat 92 is a construction company focused on providing services related to adaptation for people with reduced mobility and the aging population, roofing and terrace, TCE works, common and external areas, and housing. SMRD-Bat 92 is based in Le Bourget, France.

Buy -

Seller(S) 1

SELLER

NiXEN Partners

Paris, France

Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NiXEN is a French private equity group that targets investments in middle-market companies valued between €30 and €300 million. iXEN looks to invest €20 to €25 million of equity capital to support management buyouts/buy-ins, leveraged build-ups, owner buy-outs (OBOs), and public to private deals. The Firm is a 'hands-on' investment group and will consider opportunities in a variety of sectors, including manufacturing, consumer goods, specialist retailing, restaurants, and services. iXEN is supported by Natixis Private Equity and was formerly known as Natexis Industrie. The Firm was formed in 1998 and is based in Paris.


DEAL STATS #
Overall 27 of 28
Sector: Engineering M&A 1 of 2
Type: Secondary Buyout M&A Deals 16 of 17
Country: France M&A 26 of 27
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Weave SA

Paris, France

Weave SA is a provider of consultancy services in France and Belgium for operational strategy. Weave was formed in 2001 and is based in Paris, France.

Sell €120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 SMRD-Bat 92

Le Bourget, France

SMRD-Bat 92 is a construction company focused on providing services related to adaptation for people with reduced mobility and the aging population, roofing and terrace, TCE works, common and external areas, and housing. SMRD-Bat 92 is based in Le Bourget, France.

Buy -