Raphael Brenier
Aurignac Finance
Semip-Codechamp
Deal Type
Company sale
Sector
Industrials
Completion Date
13th July 2023
Deal Value
Not disclosed
Company Background
Founded in 1959, the Semip-Codechamp Group is a key player in the field of high-performance angular position sensors, serving the most demanding markets such as defence, aerospace, civil nuclear, and motorsport.
Deal Summary
This sale has been structured as a LBO transaction. It is the first operation carried-out by Eiréné, the new fund dedicated to French SMEs and mid-caps companies in the security and defense sector raised by Weinberg Capital Partners. Eiréné has taken a majority stake in the group's capital while the seller and the management team has reinvested significantly in the transaction, thus demonstrating their strong confidence in the group's potential.
This operation aims to accelerate the development and structuration of the group, support its growth ambitions on its historical markets, expand into new markets (both civil and international), and initiate an external growth strategy.
Value Added
We brought a very strong and close support to the seller and the management in their discussion with both strategic buyers and PE funds. They had no experience in this kind of process and the conterparts were all larger and well experienced in M&A.
In addition, a good management of the process and its timing has enabled to find the best option for the sellers and the group as regards transaction's conditions as well as project for the management team and the companies.
