Sale of Microrectif-Micromec to Tikehau Capital
Paris (France), November 17, 2023,
Microrectif-Micromec is a French leader in high-precision machining and grinding, specializing in custom work and small series production of critical and complex parts for major first-tier clients. The Group is involved in the entire industrial process: machining, grinding, and metrology.
Following the acquisition of Visco in July 2022—a recognized player in the high-precision mechanical machining of hard or exotic metals for advanced industries—this new acquisition aligns perfectly with the alternative asset manager Tikehau Capital’s strategy to support and strengthen its position as a key partner in major French industrial sectors.
With the support of Microrectif-Micromec, the new Visco-Microrectif-Micromec entity will be able to offer comprehensive services from machining to grinding within short and controlled timeframes. Expertise in the manufacturing of complex sub-assemblies in small and medium series, combined with unique capabilities, especially in metrology (using the Zeiss Xenos three-dimensional machine, one of the most precise in the world), will meet the requirements of strategic industries, including defense, aerospace, space, energy, and healthcare.
The team at Financière de Courcelles / Exco Finance & Transactions is delighted to have assisted Microrectif-Micromec in this transaction, confirming its strong momentum in the industry and aerospace sectors.
ABOUT FINANCIERE DE COURCELLES (FDC)
Founded in 1928, Financière de Courcelles is a historical and independent player in mergers and acquisitions advisory. With a team of 30 professionals, FDC advises executives and shareholders of SMEs and mid-cap companies in France and internationally on their operations (sale, acquisition, fundraising, and financing advice). As a founding member of the Global M&A Partners network (over 400 M&A professionals in 35 countries), FDC has a strong capacity to support its clients internationally. As a global M&A actor with a strong sectoral approach, FDC is particularly recognized for its historical presence in regions, reinforced by new partnerships established in 2021.
ABOUT THE EXCO & EXCO FINANCE ET TRANSACTIONS NETWORK
With a turnover of 200 million euros and a presence throughout France and internationally, the Exco Network is in the top 10 multidisciplinary networks in France. Created in 2002 and chaired by Bruno Geeraert, this audit, accounting, and consulting network relies on 25 regional structures, totaling more than 3000 collaborators operating in the 140 Exco offices present in 17 countries. With its local presence, Exco supports its clients throughout the life cycle of their companies. A member of Kreston International, a global network present in 100 countries, Exco is also directly represented abroad through its offices in Poland, Portugal, Morocco, and Africa. www.exco.fr Created in 2021, Exco Finance et Transactions handles activities related to sale, acquisition, financing, and transmission. For more information, visit www.exco.fr.
OPERATION PARTICIPANTS On the seller’s side:
- Company: Microrectif-Micromec (Gérald Chatain)
- M&A Advisory: Financière de Courcelles and Exco Finance & Transactions (Jacques Schwab, Philippe Dore, Julien Page, Nikita Picard)
- Legal Advisory: Ydès (Marcello Mazzilli, Valérie Ciancia, Benoit Colson)
- Financial Advisory: Exco Loire (Fabrice Rabérin, Julien Mandon) and BM&A (Guilhem de Montmarin, Emilien Poquet, Adrien Pichot); On the buyer’s side:
- Tikehau Capital (Marwan Lahoud, Cyril Moulin, Marie-Laurence Perrier, Jules Chevallier, Pierre de la Morinerie)
- Visco (Fabrice Doizon, Pierre-Emmanuel Gires)
- M&A Advisory: Alantra (Florian Touchard, Louise Bernard, Chloé Louis)
- Debt Advisory: Alantra (Pierre-Louis Nahon, Simon Berta)
- Legal Advisory: Franklin (Lionel Lesur, Laura-Isabelle Danet)
- Financial Advisory: EY (Gratien de Pontville, François Estin)
- Tax Advisory: EY (Lionel Benant, Benjamin Bardet, Valentin Deschamps)
- Strategy Advisory: Alba & Co (Isabelle Carrère)
- ESG Advisory: ADIT (Amélie Steiner, Edouard Pipet, Kajsa Guyomard)
- Environmental Advisory: ERM (Maryelle Ouvrard)
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