
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater