Apicap backs Hava3D MBI

The management buy-in transaction sees new manager Stanislas Clicquot invest in the business. Clicquot and founders Vincent Albert and Alexandre Heran will hold a joint 40% stake in the business, according to French publication Capital Finance.

The GP is drawing equity from its Ardens IV fund, closed in 2016 on €100m. The vehicle typically provides tickets in the €1-10m range. 

Banks Crédit Agricole Anjou Maine, Crédit Mutuel, Caisse d'Epargne Pays de Loire and CIC Ouest provided debt for the transaction.

Company
Founded in 2013, Hava3D specialises in additive manufacturing (3D printing). It operates under three brands: Neofab, Sotec3D and Makershop. Based in Le Mans, Hava3D generated sales of €12m in 2018, Capital Finance reported.

People
Hava3D – Vincent Albert, Alexandre Heran (founders).

Advisers
Vendor – Acticam (corporate finance); Denckers (legal); Cifralex (financial due diligence).
Equity – Interface Entreprises (M&A); Orsan (legal); EY (financial due diligence); Insight Connect (commercial due diligence).

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