M&A Deal Summary

Sparring Capital Acquires Afitexinov

On January 17, 2023, private equity firm Sparring Capital acquired manufacturer Afitexinov from Africinvest

Acquisition Highlights
  • This is Sparring Capital’s 3rd transaction in the Manufacturing sector.
  • This is Sparring Capital’s 35th transaction in France.

M&A Deal Summary
Date 2023-01-17
Target Afitexinov
Sector Manufacturing
Buyer(s) Sparring Capital
Sellers(s) Africinvest
Deal Type Secondary Buyout

Target

Afitexinov

Champhol, France
Afitexinov produces and markets geosynthetic materials for the construction, public works, environment and mining sectors. Afitexinov is based in Champhol, France.

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Buyer(S) 1

Buyer

Sparring Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 850M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sparring Capital is a private equity firm focused on acquiring majority positions in private medium-sized French companies. Pragma looks to fund leveraged buyouts and development capital financings of businesses with high barriers to entry and that lead their respective market niches. The Firm typically seeks companies with at least €10 million in revenue and at least €1.5 million of EBITDA. Sparring Capital was formed in 2002 and is based in Paris.

DEAL STATS #
Overall 37 of 40
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 16 of 16
Country (France) 35 of 38
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 IMX Distribution Group

Pantin, France

IMX Distribution Group is an international delivery platform. IMX offers a wide variety of delivery services (parcels, letters, press publications, tracked shipments, delivery with signature, return goods, etc.) at optimized cost from the very first shipment. IMX Distribution Group was established in 1989 and is based in Pantin, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 MyKitVan

Coueron, France

MyKitVan transforms utility vehicles into leisure vehicles for which it has a team of experienced technicians. MyKitVan’s multiple-chassis strategy, allows it to meet all the needs of a diversified customer base of both individuals and professionals. MyKitVan is based in Coueron, France.

Buy -

Seller(S) 1

SELLER

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.

DEAL STATS #
Overall 11 of 12
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 3 of 4
Country (France) 1 of 1
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 InstaDeep

London, United Kingdom

InstaDeep is an Artificial Intelligence company that makes use of AI to help businesses make complex decisions, better design their products and solve problems that are not easily solved with traditional approaches. InstaDeep was founded in 2014 and is based in London, United Kingdom.

Sell £362M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Justrite

Sango Ota, Nigeria

Justrite is a Nigerian retail department store. The Company provides everyday essentials, such as groceries, confectionaries, and clothing to consumers in largely underserved neighborhoods. Justrite was founded in 2000 and is based in Sango Ota, Nigeria.

Buy -
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