Carvest aquires Sertip-Sami group, completes bolt-on

The management buyout sees managing director Guillaume Cocquet acquire a stake in the group alongside the financial sponsor, which became majority owner.

According to Carvest, which completed the investment earlier this month, the transaction marks the third management buyout for Sertip-Sami, after a first transaction in 2008 and a second in 2011, through which the group Michel Fraisse Festion et Investissement (MFGI) became majority owner.

The new transaction is mainly aimed at enabling Cocquet to increase his stake in the group, and to enable MFGI, as well as other previous private investors, to realise returns on their investments and exit the group, according to the GP.

According to information found on Siparex's website, the GP also took a minority stake in the group in 2012, investing from the FIP and FCPR Rhône-Alpes and Apicil Proximité funds.

Alongside the transaction, Carvest announced it had completed a first bolt-on for Sertip-Sami, acquiring French competitor Chimicolor, specialised in the creation of technical plates and the production of labels. Chimicolor also provides services such as industrial marking, silkscreen printing and chemical and mechanical engraving. It claimed revenues of €4.8m in 2015. Together, the combined entity should generate revenues of €12m this year.

Company
Based in Varennes Vauzelles, Sertip-Sami is a company specialised in industrial serigraphy. It manufactures identification products such as labels and nameplates, and human-machine interfaces such as soft keyboards, front panels and machined brackets. The company has an in-house design and prototyping department in order to manage its manufacturing process. It services clients in the defence and military, medical, aerospace and industrial sectors.

The group is part of the larger group Holser, which also includes the entity EDM-Sodusi, specialised in the cutting and stamping of metal. The combined entity employs 170 people in two industrial sites based in Nevers and Grenoble.

According to Siparex, Sertip-Sami recently generated a €7m turnover.

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• Topics
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• France
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• France
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• Secondary buyout