ACE Management injects €7m into Le Piston Français

ACE invested via its Aerofund II vehicle, which closed on €90m in 2008. The fresh capital will be used to fund LPF's organic growth as well as strategic acquisition opportunities.

Company
Established in 1947, Le Piston Français supplies parts to the aerospace industry. The Toulouse-based business has five production sites in France, Morocco and Poland, and employs 340 staff. It is expecting to post a €50m turnover in 2011.

People
Corinne d'Agrain, Benoit Perrot and Erwin Yonnet led the deal for ACE.

Advisers
Equity – Sarrau Thomas Couderc, Frederic Bucher, Alexis Frasson-Gorret, Faustine Carrière (Legal); KPMG, Christian Liberos (Financial due diligence).
Company – Loyve, Laurent Soucaze (Legal).

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• Topics
• France
• Expansion
• Industrials
• France
• KPMG