Ace invests €8m in Asquini-Sofop Aero

The combined group will be renamed Asquini-Sofop Aero and is expected to post a combined turnover of €70m in 2013. The fresh capital provided by Ace via its Aerofund II and Financière de Brienne vehicles will notably be used to finance the company's acquisitive growth strategy. Of the €8m, €3m has already been deployed to pursue previously identified opportunities.

Company
Established in 1971 and 1974 respectively, Sofop and Asquini specialise in high-precision parts engineering for the aerospace industry. Sofop employs 250 staff and posted a €31m turnover in 2012. Asquini reported similar revenues last year and employs 225 people.

People
Corinne d'Agrain and Erwin Yonnet worked on the deal for Ace.

Advisers
Equity - Fidal, Sébastien Péronne, Laurence Louvet (Legal, tax); Ernst & Young, Jérôme Guirauden, Olivier Scheffel (Financial due diligence).
Company - KPMG, Jean-Marc Laborie (Corporate finance); ACE Expertise, Madeleine Drapé (Corporate finance).

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• Topics
• France
• Buyouts
• Industrials
• France
• ACE Management