M&A Deal Summary

Siparex Acquires Sodikart

On May 2, 2023, private equity firm Siparex acquired automotive company Sodikart from Evolem

Acquisition Highlights
  • This is Siparex’s 2nd transaction in the Automotive sector.
  • This is Siparex’s 74th transaction in France.

M&A Deal Summary

Date 2023-05-02
Target Sodikart
Sector Automotive
Buyer(s) Siparex
Sellers(s) Evolem
Deal Type Secondary Buyout

Target

Sodikart

Saint-Herblain, France
Sodikart is an automotive company that designs and manufactures karts and related equipment for professional racing, rental, and leisure markets. The Company also provides accessories, spare parts, and event services for karting operators and drivers worldwide. Sodikart was founded in 1981 and is based in Saint-Herblain, France.

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Buyer(S) 1

Buyer

Siparex

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Siparex is a French private equity firm that looks to invest mezzanine or equity capital in companies at all stages of development. The Firm separates its investment activity into mid-market, mezzanine, and small-cap. Within mid-market, Siparex looks to invest €2.5 to €40 million in companies with at least €15 million in sales. Prospective transaction situations include buyouts, shareholder liquidity events, and growth capital financings. The Firm will consider all business sectors. Within its mezzanine group, Siparex looks to invest €2 to €10 million to support growth, acquisitions, refinancings, and restructurings. The small-cap group seeks investments starting at €300K in early-stage companies as well as those undergoing expansion or being sold. Siparex was formed in 1977 and is based in Paris.


DEAL STATS #
Overall 80 of 102
Sector: Automotive M&A 2 of 2
Type: Secondary Buyout M&A Deals 13 of 18
Country: France M&A 74 of 95
Year: 2023 M&A 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 Kokoon Animal Shop

Brignoles, France

Kokoonshop is a retailer specialising in pet supplies, offering food, accessories, and equipment for pets (dogs, cats and other companions). The Company operates a network of physical stores in southern France alongside an online sales channel. Kokoon Animal Shop was founded in 2005 and is based in Brignoles, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 Clardian

Arcueil, France

Clardian is a management software publisher dedicated to the pharmaceutical, medical and cosmetic industries. Clardian was founded in 2004 and is based in Arcueil, France.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

Evolem is a family-backed investment platform focused on lower middle-market company acquisitions, start-up investing, real estate development, and philanthropy projects. Within its small business investment platform, Evolem looks to acquire majority or minority positions in growth-oriented companies with €10 to €100 million of revenue. Evolem was formed in 1997 and is based in Lyon, France.


DEAL STATS #
Overall 3 of 3
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: France M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Acoem

Limonest, France

Acoem provides smart monitoring and engineering services committed to the protection of the environment. Acoem was founded in 2011 and is based in Limonest, France.

Buy -