LBO France buys minority stake in Alantys Technology
LBO France has acquired a minority stake in France-based Alantys Technology, a specialist distributor of electronic components, while management has retained a majority.
The deal will fund the company's next organic and external growth phase, which will focus on international expansion. Founders Sylvain Maillard and Florian Deloppinot, as well as Mikaël Coffre, head of sales, will remain majority shareholders once the deal is complete.
Société Générale has provided debt for the transaction.
LBO France is investing via its LBO France Capdev FRR France fund, which provides growth capital to French SMEs. The fund is backed by the Fonds de réserve pour les retraites (FRR), which awarded a €500m management mandate for LBO France, Azulis and Isatis in September 2018.
Company
Founded in 2001, Alantys Technology specialises in the distribution of electronic components through three main business lines: cost saving, shortage and obsolescence and franchised distribution.
Alantys Technology acts as an outsourced procurement office for its customers and is able to source a wide range of electronic components with full traceability.
Based in Argenteuil, it has subsidiaries in Germany and China and representative offices in Italy in Spain and 85% of its revenues are generated abroad. With 65 employees, Alantys Technology achieved a revenue of €32m in 2018.
People
LBO France - Philippe Karmin (partner), Emmanuel Fiorentino (investment manager), Charles Béal (analyst).
Alantys Technology - Sylvain Maillard (co-founders), Mikaël Coffre (head of sales), Florian Deloppinot (manager).
Advisers
Management - Alice Karoubi (legal).
Equity – Everlaw, Ran Hamou, Vanessa Itzkovitch (legal); EY, Jean-François Nadaud, Philippine de Lalun (financial due diligence); L.E.K., Serge Hovsepian, Frédéric Dessertine, Ronan Bourgain (commercial due diligence).
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