Capzanine invests in Alphitan

Capzanine said Feb. 8 that it is investing in Alphitan alongside its management. Financial terms weren’t announced. Alphitan, of Bordeaux, France, specializes in maintaining electronic components and motorization equipment used in industrial processes.


Paris, 8 February 2018

Capzanine, a European private investment management company, is investing in Alphitan alongside its management.

Alphitan is the European specialist in the maintenance of electronic components and motorisation equipments used in industrial processes. Operating in numerous sectors (automobile, food processing, metallurgy, and more), Alphitan has a reputation for technical expertise that has led to its involvement in cutting-edge technologies (robotics, microelectronics and railway) and enabled it to develop close ties with the biggest manufacturers.

Based in Bordeaux, the group which employs 270 people and boasts sales of over €30m, benefits from a strong international presence and in particular an office in China (opened in 2015), a major development for the group given the country’s growth in the field of robotics.

Alphitan’s management team has major ambitions for development, both internationally, especially in China, and with respect to cutting-edge technologies. It is seeking both organic growth and external growth. Capzanine has chosen to support the company’smanagers by investing in the group alongside them, within the framework of its Capzanine 4 Flex Equity fund.

In the words of Benoit Choppin, Partner at Capzanine, “Alphitan is a company with major ambitions, both in France and abroad. We are excited to support the management team in this new stage of development, particularly by enabling them to become majority shareholders.”

As Jérôme Siat and Jean Louis Yang from Alphitan put it, “Capzanine is a partner we aredelighted to have found, one that we share the same entrepreneurial and human values with. Alphitan now has a strong shareholder structure that is well-adapted to its future challenges in terms of international development and the acquisition of cutting-edge technologies.”

List of participants

Transaction arranger and investor: Alphitan (Jérôme Siat, Jean-Louis Yang), Capzanine (Benoit Choppin, Clément Colin, Clémence Megarbane)

Senior debt: Crédit Agricole Aquitaine, coordinator (Pierre Breffeilh), Crédit Agricole Aquitaine and LCL, co-arrangers (Ivan Piqueras), Caisse d’Epargne Aquitaine Poitou Charentes (Eric Ducos), BNP Paribas (Jérôme Vigier)

Legal advice (banks): Franklin (Olivier Borenstejn)

Financing: BPI France Nouvelle Aquitaine (Antony Morgand)

Transaction consultants: Equalis Capital (Matthieu Courbon, Jean-Philippe Debas), Palazzari & Turries (Alberto Pentimalli, Fabrice Turries)

Legal advice (management): Villemot, Barthès & Associés (Edgard Sarfati, CatherineBarthès-Hallé)

Legal advice (Capzanine): Gaftarnik, Le Douarin et Associés (Mickaël Lévi, Sarah Mobtahij)

Tax structuring: LM Avocats (Laurent Mamou)

Legal, social and fiscal due diligence: Gaftarnik, Le Douarin et Associés (Mickaël Lévi, Sarah Mobtahij), Bonna Auzas (Sigmund Briand), LM Avocats (Laurent Mamou)

Strategic due diligence: Indéfi (Julien Berger, Mehdi Belefqih)

Financial due diligence: Aca Nexia (Hervé Krissi, Hervé Téran)

Financial instrument valuation: NG Finance (Ghislain d’Ouince Christophe Lam)