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Sale of SAH LEDUC to Aria Finance

Paris (France), 29 April 2021,

Financière de Courcelles (FDC) advised the shareholders of SAH LEDUC – the Leduc family and BNP Paribas Développement – on the divestment of 100% of the shares to Aria Finance, owner of SAHGEV, another major industrial player in the hydraulic cylinders sector.

Founded in 1945, SAH LEDUC is family-owned company based in Ligné near Nantes in France. With more than 300 employees on 2 industrial sites, the company produces more than 230,000 cylinders per year and acts as an OEM for leading European manufacturers.

FDC organized and managed the M&A process and assisted Joël Leduc – CEO and majority shareholder – in the selection of Aria Finance’s industrial project.  The acquiring company is owned and managed by the Quivogne family and is based in the East of France. The group owns SAHGEV (70), SOGRAYDIS (70) and VRH (38), 3 industrial companies that are all operating on the hydraulic cylinders sector. This acquisition enables Aria Finance– which has a strong historical presence in the agricultural market – to diversify its range of products with larger cylinders and to target new sectors such as construction, building and public works, industrial handling, etc. The combination of these two complementary, medium-sized, family-owned groups will create a European industrial champion in hydraulic cylinders with a production capacity of more than €100 million in turnover.

This transaction confirms Financière de Courcelles’ ability to assist shareholders in the transmission of their family industrial groups and reinforces its renowned expertise in the hydraulic cylinders segment. With more than 10 deals in the West of France since 2015, this transaction also highlights the regional footprint of FDC.

List of the other advisors:

Advisors to sellers:

  • Legal: Valther law firm (Bruno Fiacre, Matthieu Labat-Labourdette)

Advisors to buyers:

  • Legal: BPS law firm (Olivier Pittet, Remy Tromenschlager)
  • Audit: Gamet audit firm (Emilie Moutaud)

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