Capital Croissance acquires Vlad from UI Gestion

Francesca Veronesi
21 December 2018

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Capital Croissance has acquired a stake in Vlad, a France-based supplier of medical batteries, from UI Gestion.

The GP invested alongside the management team, led by Jean-Louis Jarry, Vincent Piton and Stephane Jaud, who have increased their stake in the business.

Capital Croissance used its €75m Cairn Capital I fund for the transaction.

UI Gestion, which backed an MBO of Vlad in 2016, has fully exited the investment, while founder Michel Megly and earlier investor BPI France will retain minority stakes in the business.

Company
Founded in 1985 and based in Parçay-Meslay, Vlad is a supplier of medical batteries serving private companies, governments and hospitals. The company selects, designs and assembles battery packs for applications including medical devices, connected objects, tools, measuring instruments, autonomous lighting and telecommunications.

Vlad recorded a €8m turnover in 2016 and targets €20m in 2020. It has a headcount of 50 people.

People
Vlad – Jean-Louis Jarry, Vincent Piton, Stephane Jaud (directors).

Advisers
Company – Arcole (legal).
Equity – Themis (legal); Squareness (corporate finance).
Vendor – Orsan (legal).