Arkéa invests €5m in Ingeliance buyout

The private equity arm of insurer Groupe Mutuel Arkéa, Arkéa Capital is an SME-focused investor targeting assets in Aquitaine, Brittany and other western French regions.

Under its tenure, Ingeliance will look to reinforce operations in France and abroad, with plans to grow via add-ons. In June, the company was one of the six members of trade body Normandie AeroSpace coming together to set up Normandy Advanced Technologies, a new aeronautics actor representing €170m in revenues and a 1,600-strong workforce.

The takeover is the second to be supported by Arkéa in the last month. In early November, the firm joined forces with Ouest Croissance for the €16m MBO of catering equipment business Roller Grill.

Debt
The buyout was supported with a senior package supplied by Arkéa Banque Entreprises & Institutionnels and Banque Populaire Aquitaine Centre Atlantique.

Company
Founded in 1998, Ingeliance provides engineering services to clients within the aeronautics, aerospace, naval construction, automotive, energy and nuclear industries.

The company operates via a network of 14 sites in France – its Bordeaux headquarters, Paris, Nantes, Toulouse and Grenoble, among others – and is also present abroad, with offices in Germany and Singapore.

The business employs 480 staff and most recently posted revenues of €32m.

People
Arkéa was represented by investment director Franck Callé and project manager Yohann Vimont. Jean-François Clédel is the current CEO of Ingeliance, while Marc Poullin is the company's managing director.

Advisers
Equity – Exeme, Pierre Gramage, Cécile Bayle-Demilly, Vincent Gorse (Legal); Deloitte Finance, Mathieu Perromat, Damien de Toma (Financial due diligence);Lange & Associés, François Lange (Tax); Exeme social, Maxence Ducellier (Social due diligence).
Vendor – Cabinet Jaso, Lionel Dulaurent (Legal).

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