Ace Management invests €10m in Duqueine

Ace invested in Duqueine via the Aerofund II vehicle, which closed on €90m in 2008, as well as the fund's predecessors Aerofund I and Financière de Brienne.

The GP had already provided Duqueine with €3.6m of growth capital in mid-2007. since then, the business's turnover increased fivefold. The company's founder, Gilles Duqueine, remains majority shareholder.

The fresh capital will allow Duqueine to increase its current production capacity and to pursue relevant acquisition opportunities. The group is aiming to reach a €100m turnover within the next three years.

Aerospace-focused Ace Management held a first close for its latest vehicle, Aerofund III, on €150m at the end of January.

Company
Founded in 1982, Duqueine designs and produces composite parts used in the aerospace industry. It notably works as a rank 1 supplier to Airbus.

The group posted a €60m turnover in 2012 and employs 750 people.

People
Benoît Perrot led the deal for Ace.

Advisers
Equity – Deloitte, Dominique Valette, Eric Boucharlat (Financial due diligence); Cabinet Joffe, Thomas Saltiel, Virginie Belle (Legal).
Company – Fidextra, Hervé Durand (Corporate finance).

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• Topics
• France
• Expansion
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• ACE Management