HIG sells minority stake in VM Industries to ActoMezz

The company's management, lead by CEO Marc Laisné, acquired the majority share in the company, while ActoMezz bought the remaining shares. 

HIG acquired VM in a turnaround deal in 2009. The GP stated it grew the company into a solid and international business and invested in research and development. VM also acquired competitor Jokon during HIG's ownership in 2012. The company produces lighting systems for motor vehicles and has sites in Germany and France.

Previous funding
VM was founded by HIG in 2009 after the GP acquired the automobile connectivity business from French automotive company Molex.

Company
Founded in December 2009 on the former industrial facility of Molex France in Villemur-sur-Tarn, VM specialises in the design and manufacturing of connector systems for the automotive and railway industries. The business has 270 employees in France, Germany and the UK.

People
VMI Group – Marc Laisné (CEO).
HIG France – Olivier Boyadjian (managing director).
ActoMezz – Laurent Fichter (director).

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