Ace and IRDI inject €4.5m into ARM

Ace and IRDI provided equal amounts of equity in this round. On top of this, ARM received a grant from state-backed bank Oséo. Ace invested via its aerospace-focused Aerofund II fund, which closed on €90m in 2008. The GP recently held a first close for its third Aerofund vehicle on €150m.

The fresh capital will notably be used to finance the acquisition of family-owned business MGA. It will also fund ARM's ongoing development.

Company
Established in 1974, ARM specialises in spare parts used in the aerospace industry. The enlarged company will employ 300 staff and generate a €30m turnover following the acquisition of MGA, which currently has revenues of €5m.

People
Delphine Dinard and Gilles Daguet worked on the deal for Ace. IRDI was represented by Alain Fabre. Ludovic Couillaud is president of ARM.

Advisers
Equity – Exelmans, Eric Guedj, Manuel Manas (Financial due diligence); DLA Piper, Xavier Norlain, Elodie Cavazza (Legal).
Company – Juriconseil, Jean-Christophe Sablière, Charles Duflo (Legal).

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• Topics
• France
• Expansion
• Industrials
• ACE Management