M&A Deal Summary

Sagard Acquires Alvest

On April 21, 2015, asset manager Sagard acquired aerospace company Alvest from LBO France

Acquisition Highlights
  • This is Sagard’s 1st transaction in the Aerospace sector.
  • This is Sagard’s 21st transaction in France.
Investment Fate
  • Alvest was sold to a consortium of financial buyers in 2017.
  • Alvest was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2015-04-21
Target Alvest
Sector Aerospace
Buyer(s) Sagard
Sellers(s) LBO France
Deal Type Secondary Buyout

Target

Alvest

Paris, France
Alvest designs, manufactures, and distributes technical products for the aviation industry, which include aviation ground support equipment, spare parts and services, and technical adhesives and markings for the aerospace and industrial markets. Alvest was founded in 2006 and is based in Paris, France.

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Buyer(S) 1

Buyer

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 24 of 41
Sector: Aerospace M&A 1 of 2
Type: Secondary Buyout M&A Deals 11 of 17
Country: France M&A 21 of 34
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Les Délices des 7 Vallées

Tincques, France

Les Délices des 7 Vallées is a provider of premium frozen desserts that are sold in speciality department stores, retail outlets, and restaurants in France, as well as in export markets (22% of sales). The company produces around 700 different dessert items and is the leader in the French market for mini-doughnuts and mini-muffins. Les Délices des 7 Vallées was founded in 1996 and is based in Tincques, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 Cerelia

Paris, France

Cerelia is a provider of innovative bakery solutions with a product portfolio including ready-to-bake pie and pizza dough, pancakes, crepes, and cookies. Cerelia was founded in 1999 and is based in Paris, France.

Sell -

Seller(S) 1

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 30 of 59
Sector: Aerospace M&A 1 of 1
Type: Secondary Buyout M&A Deals 17 of 34
Country: France M&A 26 of 49
Year: 2015 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 stow Group

Spiere-Helkijn, Belgium

stow Group manufacturer of customised racking and storage solutions for warehouses. stow Group is involved in the conception, production and installation of storage systems: racks, warehouse automation and metallic furniture. stow Group was founded in 1985 and is based in Spiere-Helkijn, Belgium

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 Worldwide Flight Services

Roissy, France

Worldwide Flight Services is a provider of ground services at over 60 major airports. WFS provides ramp, passenger, cargo, and technical services for more than 200 domestic and international airlines, including American, Continental, British Airways, Cathay Pacific, and Korean Airlines. Worldwide Flight Services was founded in 1984 and is based in Roissy, France.

Sell -