Siparex, Arkea exit Nadia Group

The management team, led by Christian Diabas, acquired a majority stake in the business, taking over from some senior executives and GPs Siparex and Arkea, which backed Nadia in 2013.

Siparex MidMarket III was the vehicle used by Siparex in 2013, a spokesperson for Siparex confirmed. The vehicle typically provides equity tickets in the €10-20m range to French SMEs valued in excess of €40m.  

Unexo reinvested both in capital and through its debt fund.

Previous funding        
Siparex, Arkea and Unexo acquired a minority stake in Nadia as part of a management buyout in 2013.

The transaction marked the third generation of management controlling the majority of the company. Previous CEO Alain Durand, who purchased the company alongside management in 1999 from Jean Ollivier, remained a shareholder in Nadia following the buyout.

In 2017, the group sold its Prodont activities to Groupe Acteon, while in 2018 it proceeded with two acquisitions, BS Clautralu and Groupe Arcadias.

Company  
Founded in 1962 and based in Cholet, the diversified industrials group operates seven branches, relying on three main segments: gates, shutters and aluminum garage doors; road signalling equipment and aluminium fences; and food preparation devices for catering professionals.

The business is expected to generate a turnover of more than €100m in 2018.  

People
Nadia Group – Christian Diabas (president).
Unexo – Antony Lemarchand, Vincent Lhermenier (investment directors).
Siparex – Alexandre Tremblin (partner).
Arkéa Capital – Thomas Trideau (investment director).

Advisers
Vendors – Cornet Vincent Segurel, Arthur Pierret, André Watbot (legal).

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• Topics
• Exits
• Buyouts
• France
• Industrials
• France
• Siparex
• Secondary buyout