Eurazeo, Naxicap buy 2RH Group
Eurazeo has become the majority shareholder of France-based 2RH Group, a protective motorcycle and winter sports equipment manufacturer, investing alongside Naxicap and management.
Eurazeo invested via Eurazeo PME, which deploys equity tickets of €20-100m in mid-cap businesses valued between €50-200m.
Naxicap first invested in 2RH in May 2015 – at the time, the company was valued at €60m. The GP disclosed that it has doubled the amount invested in 2015 in the latest buyout transaction.
The GPs' backing will help 2RH to proceed with external growth operations.
Company
Founded in 2008, 2RH designs and manufactures protective motorcycle and winter sports equipment. Its brands include Shark Helmets, Bering, Segura, Bagster and Cairn.
2RH has a workforce of 600 and has three production sites in France, Portugal and Thailand. With a turnover of €100m in 2017, the group currently generates more than half of its sales outside France, principally in Europe.
People
2RH Group – Patrick Francois (chair, CEO).
Eurazeo – Erwann Le Ligné (managing director).
Naxicap Partners – Angèle Faugier (managing director).
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