Tikehau Capital backs Nexteam Group

Nexteam's management team retained a majority stake in the business.

Tikehau will draw equity from its fund, TGE II, which targets mid-sized growth companies, and the Novi vehicle. The official launch of TGE II should take place by the end of Q2, Unquote understands.  

Novi closed in 2015 on €290m. It invests in expansion, growth capital, debt and quasi-equity transactions across French companies operating in the industrial and service sectors. The vehicle typically invests between €3-20m in debt and equity in businesses with a turnover ranging between €30-200m.

Company
Founded in 2013, Nexteam is a precision mechanics and machining service for complex and hard-metal parts. The business serves the aviation, aerospace and defence industries. The company has six production units in France, one unit in Poland, and one in Romania.

With 900 employees, Nexteam generates annual revenues of around €150m. It is aiming to reach a turnover in excess of €500m by 2023 through international expansion.

People
Nexteam Group – Ludovic Asquini (president).
Tikehau Capital – Antoine Flamarion (co-founder).  

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France
• Industrials
• France
• Tikehau Capital