Arve Industries Capital, BPI in €5m round for AlpenTech

The two GPs joined existing backers Crédit Agricole des Savoie Capital and Banque Populaire Auvergne Rhône Alpes (BP Aura), which had first invested in the company upon inception in 2010.

Arve Industries Capital, an FPCI fund managed by Amundi Private Equity, invested €3.5m in the round, while BPI France contributed €1m.

AlpenTech will use the fresh funding to expand into new locations, including the US, Asia and Mexico through a joint venture.

Previous funding
In 2010, Crédit Agricole des Savoie Capital and Banque Populaire Auvergne Rhône Alpes (BP Aura) led a first round of funding of an undisclosed size for AlpenTech.  

Company
Founded in 2010, AlpenTech is a precision engineering company working in the field of turning, and in other fields such as computer numerical control (CNC) machining, transfer machining, and the finishing and control processes of components. The company produces machined components mainly for the automobile sector, and to a lesser extent for the sport and housing sectors.

AlpenTech operates a manufacturing plant in Hungary and has established partnerships in Germany. It recorded €75m in revenues in 2016, 70% of which were made abroad.

People
Amundi Private Equity Funds - Amar Douhane (partner). 
Crédit Agricole des Savoie Capital - Jean-Yves Riowal (managing director), Christophe Cheminal (associate).
BPI France - Camille Samarut (deputy investment director).

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• Topics
• Expansion
• France
• Industrials
• France
• Venture
• BPI France
• Amundi Private Equity