Tikehau Capital in exclusivity for Nexteam Group

Francesca Veronesi
26 April 2018

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Tikehau Capital has entered into exclusivity over the acquisition of a minority stake in Nexteam Group, a French supplier of metals to the aerospace industry.

The company's management team is also due to invest alongside Tikehau Capital.

According to Unquote's sister publication Mergermarket, French GP Ace Management has been looking to sell its stake in the business since March.

The vendor invested €8m in the business in 2013, backing the merger of Asquini and Sofop.

Ace then provided follow-on funding in Q1 2015, alongside GSO Capital and Multicroissance, providing acquisition finance to support the bolt-on of Gentilin. Following the deal the company was renamed as Nexteam Group. Ace funded the transaction via Financière de Brienne, Aerofund II and III.

Nexteam was founded in 1974 and is based in Marmande. It is an engineering company that specialises in the design and production of hard metals for the aviation, aerospace, and defence industries.

The business employs 850 people, generating an annual turnover of €150m. Its products are manufactured across six facilities in France, one facility in Poland and one facility in Romania.