Secondary Buyout • Distribution

PAI Partners and Naxicap Partners Acquire ECF Group

On June 14, 2023, private equity firms PAI Partners and Naxicap Partners acquired distribution company ECF Group from Naxicap Partners

Acquisition Context
  • This is PAI Partners’ 2nd and Naxicap Partners’ 7th transaction in the Distribution sector.
  • This is PAI Partners’ 40th and Naxicap Partners’ 130th transaction in France.

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M&A Deal Summary

Date June 14, 2023
Target ECF Group
Sector Distribution
Buyer(s) PAI Partners
Naxicap Partners
Sellers(s) Naxicap Partners
Deal Type Secondary Buyout

Target Company

ECF Group

Grigny, France
ECF Group is a supplier of small equipment, hygiene products, furniture, and heavy equipment for food service professionals. ECF Group founded in 1880 and is based in Grigny, France.
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Buyers Overview 2

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


Deal Context for Buyer #
Overall 88 of 95
Sector: Distribution 2 of 2
Type: Secondary Buyout 42 of 47
Country: France 40 of 42
Year: 2023 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Looping

Saint-Malo, France

Looping is a pan-European leisure park operator that owns and operates 18 local and regional leisure parks, including theme parks, waterparks, wildlife parks, and aquariums, attracting over six million visitors a year. The group’s parks span eight European countries, including France, the UK, Spain, Switzerland, the Netherlands, Croatia, Germany, and Portugal. Looping was founded in 2011 and is based in Saint-Malo, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 Alphia

Denver, Colorado, United States

Alphia manufactures natural, functional, and organic foods and treats for dogs, cats, fish, and reptiles. With multiple, state-of-the-art manufacturing facilities centrally located in the heart of America’s breadbasket, it serves domestic and international markets with products of the quality standards available. Alphia was founded in 1985 and is based in Denver, Colorado.

Buy -
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 Context for Buyer #
Overall 139 of 144
Sector: Distribution 7 of 9
Type: Secondary Buyout 38 of 39
Country: France 130 of 135
Year: 2023 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 F.P. PACK

Appoigny, France

F.P. PACK is a manufacturer of folding boxes and cases, a flat cardboard converter. F.P. PACK designs, prints, cuts, folds and glues food packaging. F.P. PACK was founded in 2002 and is based in Appoigny, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Apixit

Les Ulis, France

Apixit is a provider of integrating IT infrastructure and telecom solutions. Apixit has developed a comprehensive round of audit and consulting services to help effectively upstream of the project. Company design office can provide an effective technology watch from different manufacturers and publishers in the market. Apixit was founded in 1992 and is based in Les Ulis, France.

Sell -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 67 of 73
Sector: Distribution 2 of 2
Type: Secondary Buyout 31 of 33
Country: France 65 of 71
Year: 2023 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 F.P. PACK

Appoigny, France

F.P. PACK is a manufacturer of folding boxes and cases, a flat cardboard converter. F.P. PACK designs, prints, cuts, folds and glues food packaging. F.P. PACK was founded in 2002 and is based in Appoigny, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Apixit

Les Ulis, France

Apixit is a provider of integrating IT infrastructure and telecom solutions. Apixit has developed a comprehensive round of audit and consulting services to help effectively upstream of the project. Company design office can provide an effective technology watch from different manufacturers and publishers in the market. Apixit was founded in 1992 and is based in Les Ulis, France.

Sell -

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