M&A Deal Summary

Tikehau Ace Capital, Airbus and Safran Acquire Aubert & Duval

On February 22, 2022, private equity firm Tikehau Ace Capital, Airbus and Safran acquired metals/mining company Aubert & Duval from Eramet

Acquisition Highlights
  • This is Tikehau Ace Capital’s 2nd, Airbus’ 1st and Safran’s 1st transaction in the Metals/Mining sector.
  • This is Tikehau Ace Capital’s 12th, Airbus’ 3rd and Safran’s 10th transaction in France.

M&A Deal Summary

Date 2022-02-22
Target Aubert & Duval
Sector Metals/Mining
Buyer(s) Tikehau Ace Capital
Airbus
Safran
Sellers(s) Eramet
Deal Type Divestiture

Target

Aubert & Duval

Paris, France
Aubert & Duval designs and develops advanced metallurgical solutions in the form of long products and parts for the most demanding sectors: aerospace, defense, energy, motorsports, and medical industries. Its core activity is developing, melting, and hot processing (open and closed-die forging and rolling, casting or powder metallurgy) special steels, superalloys, aluminum alloys, and titanium alloys which need to meet our clients’ stronger specifications. Aubert & Duval was formed in 1907 and is based in Paris, France.

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Buyer(S) 3

Buyer

Tikehau Ace Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.3B EUR
Size Large
Type Sector Focused
DESCRIPTION

Tikehau Ace Capital is an investment group focused on European and North American companies operating in the cybersecurity, aerospace/defense, and industrials sectors. The Firm will consider businesses at all stages of development, including development capital, buyout, and restructuring situations. Tikehau looks to build partnerships with large corporates when considering opportunities. Tikehau Ace Capital is a business unit of asset manager Tikehau Capital. The Firm is based in Paris, France.


DEAL STATS #
Overall 13 of 20
Sector: Metals/Mining M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 12 of 18
Year: 2022 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Mecachrome

Blagnac, France

Mecachrome is specializing in machining of mechanical parts and high-precision assemblies, sheet metal work and the assembly of larger assemblies (batches). Mecachrome was founded in 1937 and is based in Blagnac, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 LMB Fans & Motors

Malemort-sur-Correze, France

LMB Fans & Motors is a provider of military & aerospace grade AC/DC fans, blowers, motors, and specialized rotating machines. LMB Fans & Motors was founded in 1941 and is based in Malemort-sur-Correze, France.

Buy -
Buyer

Airbus

Leiden, Netherlands

Category Company
Founded 1998
Sector Aerospace
Employees157,935
Revenue 69.2B EUR (2024)
DESCRIPTION
Airbus office in Herndon, Virginia.
Airbus office in Herndon, Virginia.

Airbus is a designer and manufacturer of commercial aircraft. Airbus' product line ranges from the single-aisle A320 Family to the double-deck A380. Airbus was founded in 1998 and is based in Leiden, Netherlands.


DEAL STATS #
Overall 8 of 8
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: France M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 PFW Aerospace

Speyer, Germany

PFW Aerospace GmbH is a manufacturer of precision-made aerospace tubing and components for Airbus and other aircraft manufacturers. PFW Aerospace aerospace components including titanium and aluminum tubing and ducting, structural assemblies, auxiliary fuel tanks, and cargo loading systems. PFW Aerospace was founded in 1913 and is based in Speyer, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 UP42

Berlin, Germany

UP42 is a next-generation Earth observation platform that simplifies how organizations order, access, and analyze Earth observation (EO) data. UP42 is based in Berlin, Germany.

Sell -
Buyer

Safran

Paris, France

Category Company
Founded 1924
Sector Aerospace
Employees96,390
Revenue 27.7B EUR (2024)
DESCRIPTION

Safran operates in four segments: aerospace propulsion, aircraft equipment, defence, and security. Safran was founded in 1924 and is based in Paris, France.


DEAL STATS #
Overall 23 of 25
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
Country: France M&A 10 of 11
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Orolia

Les Ulis, France

Orolia provides resilient positioning, navigation, and timing (PNT) solutions which improve the reliability, performance, and safety of critical civilian, military and space operations, including in harsh or altered Global Navigation Satellite System (GNSS) environments. The company has a broad portfolio of technologies across the Resilient PNT value-chain with full system capabilities, and is a provider of PNT equipment, simulation and test solutions. It is also providing emergency locator beacons for commercial aviation and military applications. Orolia was formed in 2006 and is based in Les Ulis, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 DRIESSEN

Alkmaar, Netherlands

DRIESSEN is a provider of catering equipment offering a complete range of trolleys and containers for the catering activities of airlines and rail companies. The company’s leadership stems from its complete range of high-quality products, a global network and long-lasting, trusting relationships with more than 200 airlines. DRIESSEN was founded in 1986 and is headquartered in Alkmaar, The Netherlands.

Sell -

Seller(S) 1

SELLER

Eramet

Paris, France

Category Company
Founded 1880
Sector Metals/Mining
Employees8,782
Revenue 2.9B EUR (2024)
DESCRIPTION

Eramet is a mining and metallurgical group operating internationally. Eramet specializes in extracting, producing, and selling non-ferrous metals and in producing and transforming alloys. Eramet was founded in 1880 and is based in Paris, France.


DEAL STATS #
Overall 3 of 5
Sector: Metals/Mining M&A 3 of 5
Type: Divestiture M&A Deals 3 of 5
Country: France M&A 2 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Eramet SA - TiZir Titanium & Iron Business

Tyssedal, Norway

Eramet's TiZir Titanium & Iron (TTI) Business produces high-grade titanium slag and high-purity pig iron with an annual capacity of approximately 230,000 tons and 90,000 tons, respectively.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Erasteel

Paris, France

Erasteel offers a wide range of steel grades and alloys produced either by powder metallurgy or conventional metallurgy. Erasteel is based in Paris, France.

Sell -