Amundi acquires stake in Altix

The Paris-based private equity house took a 35% stake in the business, according to French publication Capital Finance. It also reported that InnovaFonds, which invested €1.2m in 2012, exited the firm along with several angel investors.

Altix plans on using the fresh capital to expand globally in the consumer electronics and automotive electronics markets, and plans on investing in product development.

Company
Headquartered in Val-de-Reuil, France, and founded in 2009, Altix designs equipment for the automatic production of rigid or flexible printed circuits for the computer and consumer electronics industries.

Around 95% of the company's turnover is from exports, generated by its international commercial and technical presence through two subsidiaries operating in China and the US. According to media reports, Altix recorded €15m turnover in 2017.

People
Altix Group – Jérôme Van Straaten (president).
Amundi – Frédéric Exshaw (partner).

Advisers
Equity – Oderis Consulting, Aurélien Vion (financial due diligence); Apollo Societe d'Avocats, Florence Savouré, Emmanuelle Prost, Laura Smyrliadis (legal).
Company – NFinance Securities, Maxime Dugast (financial due diligence); Plantrou-de La Brunière & Associates, Arnaud de la Bruniere, Chloé Courtas (legal).

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• Topics
• Buyouts
• France
• Industrials
• France
• Amundi Private Equity
• Minority investing