Elaïs Capital backs France Elevateur

Co-investment was provided by minority shareholders including Argos Expansion, Capital Export, the management team, the firm's founders and key managers of the group.

The firm intends to use the fresh funding to boost its international expansion, initially focusing on a select product group.

Launched in 2014, Elaïs acquires minority and majority stakes in French businesses with an enterprise value of €20-100m. The fund is managed on behalf of eight family-office investors.

Company
Founded in 1986, France Elevateur manufactures aerial lifts. The business employs more than 200 staff and generated revenues of €41m in 2013, with average annual growth of 10% per annum in the last five years.

Customers include operators of aerial networks, including railway, energy, telecoms and utility service providers, alongside local authorities.

The firm's product range includes aerial lifts on trucks, light vehicles and vans, as well as specific machines. It is the sole seller of CRE aeriel lifts in France and Benelux, and offers financing for short- and long-term rental.

France Elevateur has eight facilities in France, seven in Germany and one in Belgium. The company is based in Flavigny sur Moselle.

People
Stephan Pham, former CEO of inspection and management services business Trigo, becomes CEO of France Elevateur as part of the deal. Thibaut de Chassey is managing partner of Elaïs.

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