BPI, Amundi et al. in €16.5m round for Pernat Industrie

BPI, which invested via its automotive-dedicated Fonds Avenir Automobile (FAA) vehicle, comes in as new investor in this round with a €13m equity commitment. Meanwhile, Crédit Agricole des Savoie Capital and Amundi had already invested in the group in a previous expansion round in 2013, and re-upped for €2m and €1.5m respectively.

The transaction also marks the exit of Expansinvest and other previous backers, including Siparex. Pernat CEO Roger Pernat retains a controlling stake in the group.

Since 2013, Pernat has raised its turnover from €54m to €75m. The group notably completed two bolt-on acquisitions in France and expanded into Romania in 2014. The new funding round will be mostly dedicated to supporting the group's international development, with a first extension planned in Turkey for 2017 that should be followed by other emerging countries.

Previous funding
Siparex, via FRI Rhône-Alpes I, along with Crédit Agricole des Savoie Capital and Amundi, backed a €4.84m expansion round for Pernat in January 2013. The funding aimed to allow the company to increase its capacity investments to meet demand for its main customer.

Company
Established in 1963, Pernat is a supplier of mechanical parts to car makers and original equipment manufacturers. Headquartered in Marignier, the group services large corporations within the automobile sector such as Ford, Volswagen and PSA, as well as smaller groups. The company generates a €75m turnover and employs 450 people.

People
BPI France – Alexandre Ossola, Hubert Hernandez, Alessandro Gonella, Sophie Simsi
Crédit Agricole des Savoie Capital – Jean-Yves Riowal
Amundi Private Equity Funds – Amar Douhane

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• Topics
• Expansion
• France
• Industrials
• Exits
• France
• Amundi Private Equity
• Credit Agricole Corporate & Investment Bank
• BPI France
• Siparex