Sale of ELVIA to Tikehau Ace Capital
Paris (France), the 6th of January 2022,
Tikehau Ace Capital has entered into exclusive negotiations for the acquisition – subject to the completion of the conditions precedent – of ELVIA PCB group, French leader in the manufacture of Printed Circuit Boards (PCB) for demanding industries and severe environments such as the aerospace and defense sectors. The unique and high grade PCB technologies developed by ELVIA include rigid, flex-rigid, multi-layer and hyper-frequency boards.
ELVIA PCB generated €60m revenues pre-covid and has a staff of over 450 employees in France through 5 production sites.
ELVIA PCB has been owned for close to 20 years by a pool of individual investors led by its CEO Bruno Cassin, that has over the years transformed the group by positioning it on the growing Aerospace & Defense markets and on PCB future applications. FDC advised Elvia PCB shareholders in this transaction that will allow the group to continue its development path with a well-established and recognized new shareholder.
This transaction is an example of FDC’s deep knowledge of the Electronics, High Tech, Space & Defense sectors, and its strong commitment to the ongoing process of consolidation of the subcontracting chain.
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