IDI-backed Alkan acquires Seca Automatismes

The acquisition comes 16 months after IDI and family office Groupe Chevrillon acquired Alkan from TCR Capital.

The consolidated business will generate a turnover of around €50m, up from €37.3m at the time of IDI and Chevrillon's initial investment, 55% of which will be accounted for by international sales.

Alkan is a military and civil aerospace equipment manufacturer that specialises in the production of carriage, release and ejection systems.

Company
Founded in 1978 and headquartered in Saint-Soupplets, Île-de-France, Seca Automatismes designs and manufactures data processing and electronic equipment for use in the aeronautical, defence, spatial, railway and industrial sectors. The business generates a turnover of €7m and has a headcount of 30.

People
IDI – Julien Bentz (partner, executive committee member).
Alkan – Armand Carlier (president).

Advisers
Equity – Goetzpartners Corporate Finance, Guillaume Piette (corporate finance); HBC Avocats, Erwan Cossé (legal); Hogan Lovells, Laurent Ragot, Alexander Premont, Ariane Berthoud (legal, tax); Oderis Consulting, Aurélien Vion, Paul Locatelli (financial due diligence).
Company (Seca Automatismes) – Aurignac Finance, Raphaël Brenier, Christine Kairouz (corporate finance); LMT Avocats, Antoine Lemétais (legal).

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• Topics
• Expansion
• France
• Industrials
• France
• IDI
• Build-up
• Hogan Lovells
• Oderis Consulting