Tikehau, BPI France invest €38m in Addev Materials

Tikehau Capital is investing via its minority growth equity fund, Tikehau Growth Equity II and Addev will be the fourth investment. The vehicle, which held a first close in Q3 2018, targets small and medium-sized businesses across western Europe with EBITDA in the range of €5-50m, providing investment tickets between €20-75m and taking minority stakes.

PE backers will support the business in its external growth operations in Europe and North America, in order to step up its materials custom converting activities and strengthen its position in the aerospace industry.

Company
Founded in 2006 and based in Lyon, Addev Materials is an industrial company specialised in the conversion and custom cutting of high-performance materials (insulation, technical films, adhesives, foams, etc). With facilities both in Europe and North America, Addev Materials employs 500 people and generates a turnover of almost €110m. The business was able to double its turnover in the past five years.

People
Tikehau Capital - Emmanuel Laillier (head of private equity).
BPI France - Arnaud Legardeur (investment director).
Addev Materials - Pascal Nadobny (chairman).

Advisers
Company – Alantra, Franck Noat, Florian Touchard, Alexis Leblanc, Romain Castex (corporate finance).

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• Topics
• Expansion
• France
• Industrials
• France
• Tikehau Capital
• BPI France