Eurazeo backs 3S Photonics MBO

The initial €27m investment will be followed up with a €10m capital injection, which will bring the total stake to around 83%. Management will retain the remaining 17% stake in the company. The deal gave the company an enterprise value of €46m, 12x EBIT.

3S Photonics has been acquired from multiple previous investors, including Fonds Stratégique d'Investissement (FSI) which invested $10m in the company, previously known as Alcatel Optronics, in mid-2009.

Company
3S Photonics, founded in 1994, manufactures optical and opto-electronic components for submarine and terrestrial telecoms applications. The company has one production centre in France, specialising in laser chips, and one in Canada, focussing on optical fibers. It supplies products to industrial, medical, and defence markets. Based in Nozay, France, it recorded €51m revenues in the fiscal year leading up to June 2011 and employs around 400 staff.

People
Fabrice de Gaudemar, executive board member, managed the deal on behalf of Eurazeo. Thierry Sommelet, director of investment, worked on the deal for FSI. Alexandre Krivine is the president of 3S Photonics.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Buyouts
• Technology
• Now researching
• France
• Eurazeo