EdRip acquires Klaxcar

EdRip is acquiring the shares from Klaxcar's founding Mizrahi family, including CEO Cédric Mizrahi, who retains his role and invested alongside the GP.

The GP draw the equity from its small-cap fund Cabestan Capital II, closed on its €165m hard-cap last year. It is the third transaction completed with the vehicle, after software company Otium and Belgium-based electrical components producer Advanced Circuit Boards last year.

Cabestan II invests for both minority and majority stakes in companies with a turnover between €10-100m, committing equity tickets ranging from €4-10m in first investment rounds, and of up to €16m in subsequent rounds.

The business will pursue its international roll-out, strengthening its existing locations and targeting new ones, such as Latin America. Klaxcar said it would also look to enhance the standard and quality of its services.

Debt
A senior debt package provided by Caisse d'Epargne Ile-de-France supported the transaction.

Company
Founded in 1994, Klaxcar designs and produces automotive spare parts. Manufactured parts include braking systems, clutches and transmission, suspension and steering parts, cooling systems, vision, filtration and electronics. The company services large international car companies, such as Volkswagen, as well as garages.

Based in Dourdan, France, the Klaxcar distributes its 8,000 references in 85 countries, including in Maghreb and the Middle East. It generates €17m in revenues and employs around 40 people.

People
EdRip – Romain Caron, Mayeul Caron (directors); Léopold Brichard (senior associate).

Advisers
Equity – Exelmans Audit & Conseil, Stéphane Dahan, Manuel Manas (financial due diligence); Helix International, Denis Chabaneix, Florian Sabbag (commercial due diligence); Lamartine Conseil, Maxime Desquene, Pierre Lagresle (legal).
Vendor – MK Finance, Mikaël Levy (corporate finance); CEC Avocats, Christophe Edon (legal).
Debt – Volt & Associés, Alexandre Tron, François Jubin (legal).

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