Naxicap exits robotics specialist Machines Pagès

As part of the transaction, founder and owner Daniel Pagès fully exited the company, while the company's current CEO Philippe Olichon took a stake in Machines Pagès alongside the three new investors.

InnovaFonds took the lead in the funding round, with BNP Paribas and Carvest as minority co-investors.

Machines Pagès will also benefit from a new debt package, enabling it to pursue international growth and acquisitions. The company's international transactions already account for 70% of its turnover, according to the company.

Debt
A senior debt package was provided jointly by CIC, Crédit Agricole and Banque Populaire.

Previous funding
In 2007, Naxicap invested in the group alongisde founder Daniel Pagès. The transaction was part of the GP's small-cap investments.

Company
Machines Pagès manufactures high-speed robotics systems for the packaging, medical, consumer and technical markets. The company also supplies plastic injectors to a range of industries.

The company is based in Foncine-Le-Haut, counts 70 employees and registered a €17m turnover in 2015.

People
InnovaFonds – Anthony Dubut (managing partner); Pauline Eloy (senior associate).
BNP Paribas Développement – Ludovic Robert (investment director); Pierre Larue (financial & legal adviser).
Carvest – Paul Lambert (investment director).

Advisers
Equity – ACA-Nexia, Olivier Lelong, Hervé Teran (financial due diligence); Lamartine Conseil, Fabien Mauvais, Camille Le Foyer de Costil (legal).
Vendor – Clairfield International, Jean-Noël Combasson, Julien Buronfosse (corporate finance); AlcyaConseil, Laurent Simon (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Exits
• France
• France
• Secondary buyout
• Naxicap
• BNP Paribas