Controlab (France) - Jan 2008

Demeter Partners took a majority stake of around 80% with the management in FCT Group, the holding company for Controlab and Testwell, for an undisclosed amount. Demeter Partners bought the capital from Paluel Marmont Bank and UI Gestion. Both Paluel Marmont Bank and UI Gestion, via its FCPR Montparnasse Investissement III fund, held 70% of the group since 2002.

Company

Controlab specialises in the French instrumentation market intended for the control and testing of materials for civil and mechanical engineering laboratories. Controlab has revenues close to €9m with around 45% of its sales generated from exports. Testwell also specialises in instrumentation, but its product is intended for controls and testing of materials primarily in the French car industry, the aviation industry and metallurgy. Testwell generates revenue of about €4m. The group employs about 60 people.

People

Sophie Paturl-Guesnerote and Bastien Gambini worked on the deal for Demeter Partners. François Vergon, Xavier Leprêtre and Laurent Naze represented the management. Jean Jacques Vaury represented UI Gestion while Michel d’Huart and Xavier Poppe worked on the deal for Paluel Marmont.

Advisers

Vendor - Brunswick, Alexandra Pottier, Philippe Brunswick (Legal)

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• France
• Secondary buyout