M&A Deal Summary

Seven2 and BNP Paribas Developpement Acquire CEME Group

On March 17, 2022, private equity firm Seven2 and growth capital firm BNP Paribas Developpement acquired engineering company CEME Group from Azulis Capital

Acquisition Highlights
  • This is Seven2’s 2nd and BNP Paribas Developpement’s 2nd transaction in the Engineering sector.
  • This is Seven2’s 20th and BNP Paribas Developpement’s 15th transaction in France.

M&A Deal Summary
Date 2022-03-17
Target CEME Group
Sector Engineering
Buyer(s) Seven2
BNP Paribas Developpement
Sellers(s) Azulis Capital
Deal Type Secondary Buyout

Target

CEME Group

Lyon, France
CEME Group specializes in electrical engineering, climate control, and the creation of automated systems for the industrial environment, hospitals, the services sector, and housing. CEME Group was founded in 1949 and is based in Lyon, France.

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Buyer(S) 2

Buyer

Seven2

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 4.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Seven2 is a private equity firm focused on investments in listed and unlisted small and midcap companies located in Continental Europe. The Firm targets growing businesses in the tech and telecom, consumer, and healthcare services sectors valued between €10 million and €1 billion. Seven2 generally has a five year investment horizon and considers minority and majority positions. Seven2 was established in 1972 and is headquartered in Paris, France.

DEAL STATS #
Overall 27 of 33
Sector (Engineering) 2 of 3
Type (Secondary Buyout) 12 of 14
Country (France) 20 of 26
Year (2022) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-17 CEME

Avermes, France

CEME provides electrical engineering, climatic engineering, heating, ventilation, air conditioning (HVAC) engineering and maintenance services. It is mainly involved in energy optimization processes for industrial, tertiary and residential buildings, for corporates. CEME was founded in 1949 and is based in Avermes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Vitaprotech

Vaulx-en-Velin, France

Vitaprotech is an electronic security player providing a full suite of coherent and complex software and hardware solutions focusing on medium to high security sites (including regulated and sensitive sites). Vitaprotech was founded in 2012 and is based in Vaulx-en-Velin, France.

Buy -
Buyer

BNP Paribas Developpement

Investor

Category Growth Capital Firm
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BNP Paribas Developpement is the growth-oriented development arm of financial services firm and bank BNP Paribas. BNP Paribas Developpement supports a range of lower middle-market companies and looks to invest in minority positions to support growth. BNP Paribas Developpement was formed in 1988 and is based in Paris, France.

DEAL STATS #
Overall 17 of 21
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 5 of 6
Country (France) 15 of 17
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Baobag

Floirac, France

Baobag is a pure distributor of Flexible Intermediate Bulk Containers (“FIBC”), commonly known as big bags. The company operates throughout the value chain, including design, sourcing, transportation, and storage. Baobag was formed in 2007 and is based in Floirac, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Saphyre

Hoboken, New Jersey, United States

Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, any client firms to broker-dealers and custodians, and much more. Saphyre was founded in 2017 and is based in Hoboken, New Jersey.

Buy -

Seller(S) 1

SELLER

Azulis Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Azulis Capital is a private equity investment firm that targets buyout, recapitalization, and growth capital investments in France. Azulis looks to invest in mid-sized businesses with €20 to €120 million in enterprise value. Sectors of interest include consumer products and services, manufacturing, communications, healthcare, and chemicals. Azulis generally seeks to commit between €7 and €30 million per transaction. Azulis Capital was formerly known as Banexi Capital and is based in Paris.

DEAL STATS #
Overall 45 of 49
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 26 of 28
Country (France) 45 of 49
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Helios Group

France

Helios Group is a building construction, road marking, and signage specialist. Helios Group is based in France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Novasep

Lyon, France

Novasep provides cost-effective solutions for the sustainable production of molecules for the life sciences. Novasep offers a comprehensive range of services including process development, turnkey purification systems and contract manufacturing. The company specializes in challenging active molecules for pharmaceutical, biopharmaceutical, fine chemical, food and functional ingredients, as well as fermentation and chemical commodities industries. Novasep is based in Lyon, France.

Sell -
Mergr

Product

Company

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