Idinvest backs Vision Systems in SBO

Previous backer A Plus Finance has exited the investment.

Idinvest used its Novi 2 fund for the transaction. The vehicle closed on €290m in July 2015 and typically invests between €3-20m in debt and equity in businesses with a turnover ranging between €30-200m, according to Unquote Data.

The company had been backed by A Plus Finance since 2013. Before then, in 2005, MBO Partenaires had acquired a stake in the company via its MBO Capital I fund. 

Company
Founded in 2005, Vision Systems mainly produces items such as mirrors for special vehicles, camera mirrors, opaque solar windows and onboard entertainment systems.

Vision Systems employs 250 people and generated a turnover of €32m in 2017. Headquartered in Brignais, it has a US subsidiary and offices in Dubai and Singapore.

People
Vision Systems – Carl Putman (CEO); Catherine Robin (executive vice-president).
Idinvest – Christophe Baviere (CEO); Benoist Grossmann (managing partner); Emmanuelle Pierret (investment director).

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• IDInvest Partners (AGF Private Equity)