CM-CIC, SGCP exit Alstef

CM-CIC and Societe Generale backed Alstef in 2011, acquiring a 15% and 5% stake respectively. At the time, CEO Pierre Marol retained a 45% stake, the management team 17% and employees of the company the remainder.

Alstef has been acquired by FFC in the context of the merger between Alstef and BA Robotic Systems, a French provider of automated guided vehicles (AGV) service. The merger has seen the creation of a new company, B2A Technology, in which FCC bought a 32% stake. Senior debt for the transaction was provided by Societe Generale, Crédit Agricole and BNP Paribas.

FFC is a partnership between CDC International Capital and Qatar Investment Authority established in 2014, dedicated to direct investments alongside other sovereign funds and international institutional investors.

Prior to the merger with Alstef, BA Robotic Systems was backed by family office Kreizig Invest, which also sold its stake in the business. 

Company
Alstef is an automated handling systems manufacturer. Founded in 1961 under the name CGMS, it was rebranded in 2000. Headquartered in Boigny-sur-Bionne, Alstef has established subsidiaries in Canada, Turkey, Russia and most recently in Croatia.

People
CM-CIC Investissement – César Darcy, Cédric Vojetta (directors).
Alstef – Pierre Marol (CEO).
BA Robotic Systems Group – Jean-Luc Thomé (CEO).

Advisers
Equity – Clairfield International, Emmanuel Xerri, Alexandre Forget (corporate finance); De Pardieu Brocas Maffei, Cédric Chanas, Marion Lavigne-Delville, Jeanne Rochmann, Nadine Gelli, Priscilla Van Den Perre, Sébastien Boullier de Branche (legal); EY, François Poncet, Jean-François Nadaud (financial due diligence); Jean-Christophe Sabourin (legal).
Company – Fidal, Pierre de Gouville, Julien Bertrand (legal); Oderis Consulting, Aurélien Vion, Nicolas Boucher (corporate finance).

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