M&A Deal Summary

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 Highlights
  • This is PAI Partners’ 2nd and Naxicap Partners’ 7th transaction in the Distribution sector.
  • This is PAI Partners’ 40th and Naxicap Partners’ 129th transaction in France.

M&A Deal Summary

Date 2023-06-14
Target ECF Group
Sector Distribution
Buyer(s) PAI Partners
Naxicap Partners
Sellers(s) Naxicap Partners
Deal Type Secondary Buyout

Target

ECF Group

Grigny, France
ECF Group is a supplier of small equipment, hygiene products, furniture, and heavy equipment for food service professionals. The Group operates in France (with its brands Chomette, Ecotel, Noveo, Cobal and Coldis), Australia (Reward Hospitality), Italy (CHS), and the United Arab Emirates (Restofair). ECF Group founded in 1880 and is based in Grigny, France.

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Buyer(S) 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 STATS #
Overall 88 of 95
Sector: Distribution M&A 2 of 2
Type: Secondary Buyout M&A Deals 42 of 47
Country: France M&A 40 of 42
Year: 2023 M&A 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 STATS #
Overall 137 of 139
Sector: Distribution M&A 7 of 8
Type: Secondary Buyout M&A Deals 38 of 38
Country: France M&A 129 of 131
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Sylvatek Groupe

La Chapelle-Faucher, France

Sylvatek Groupe specializes in the design, manufacturing, and distribution of wood packaging solutions. The company offers a comprehensive range of products, including pallet boxes, custom pallets, and wooden crates, tailored to meet the needs of the agricultural, construction, and industrial sectors. Sylvatek Groupe was founded in 1949 and is based in La Chapelle-Faucher, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 SOLUTYS Group

Lisses, France

SOLUTYS Group specializes in the integration of identification, traceability and professional digital mobility solutions. The Group offers a comprehensive range of hardware and software products, through top-tier partnerships with manufacturers and market leaders such as Zebra and Honeywell, as well as high value-added technical services: site surveys and network audits, technical integration, consultancy, etc. SOLUTYS Group was founded in 2002 and is based in Lisses, France.

Buy -

Seller(S) 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 STATS #
Overall 63 of 65
Sector: Distribution M&A 2 of 2
Type: Secondary Buyout M&A Deals 30 of 31
Country: France M&A 61 of 63
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Sylvatek Groupe

La Chapelle-Faucher, France

Sylvatek Groupe specializes in the design, manufacturing, and distribution of wood packaging solutions. The company offers a comprehensive range of products, including pallet boxes, custom pallets, and wooden crates, tailored to meet the needs of the agricultural, construction, and industrial sectors. Sylvatek Groupe was founded in 1949 and is based in La Chapelle-Faucher, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 SOLUTYS Group

Lisses, France

SOLUTYS Group specializes in the integration of identification, traceability and professional digital mobility solutions. The Group offers a comprehensive range of hardware and software products, through top-tier partnerships with manufacturers and market leaders such as Zebra and Honeywell, as well as high value-added technical services: site surveys and network audits, technical integration, consultancy, etc. SOLUTYS Group was founded in 2002 and is based in Lisses, France.

Buy -