InnovaFonds backs SPC Group's MBO

InnovaFonds used its Partenaire Croissance I vehicle to fund the transaction, which specifically backs companies based in the Auvergne-Rhône-Alpes region. 

The management team, led by new president Frederic Roques, acquired a majority stake, while a former director and several other unidentified shareholders exited their investments, according to French publication Capital Finance.

The backing by InnovaFonds will allow SPC to invest in product development and expand internationally.

InnovaFonds invests in growth capital and buyout transactions, providing equity tickets of up to €20m for minority or majority stakes. 

Company
With roots dating back to 1902, SPC is a manufacturer of filling equipment. It specialises in developing and manufacturing liquid dosage tools and dosage and powder compression tools. It mainly serves clients in the pharmaceutical, cosmetics and biotechnology industries.

Based in Rillieux La Pape, SPC generates a €10m turnover and employs 60 people.

People
InnovaFonds – Anthony Dubut, Cyril Chaumien (managing partners).
SPC Group – Frederic Roques (president).

Advisers
Equity – Arthaud & Associes (financial due diligence); CM-Tax (tax); Pericles Avocats (legal).
Company – Clairfield International (corporate finance); Constant Avocats (legal).

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