Financière de Courcelles advised TECOFI’s shareholders on their capital reorganization
Financière de Courcelles advised Tecofi Group shareholders on its capital restructuring with the support of Africinvest, Bpifrance, and Garibaldi Participations.
Lyon, France, December 11, 2025
Tecofi Group continues its development by announcing the acquisition of a stake in its capital by the Franco-African Fund 2, managed by AfricInvest Europe, which joins two existing financial shareholders, Bpifrance and Garibaldi Participations. The management team, led by Fabien Fayard, assisted by David Oundjian and Christelle Million, and under the leadership of Chairman Jean Paul Colombel and Group co-founder Jean-Claude Renard, is taking advantage of this transaction to increase its shareholding.
Founded in 1985, Tecofi specializes in the design and manufacture of industrial valves, primarily butterfly and guillotine types, as well as taps and check valves for various high-growth sectors (water, energy, HVAC, paper, food processing, chemicals, etc.).
The Group employs approximately 240 people across five subsidiaries covering Europe, Africa, the Middle East, and Asia, and relies on a network of local partners to distribute its products in over 110 countries.
Tecofi operates in the most resilient segments of the industrial valve market and serves a wide range of end markets, all of which are growing. This growth is reflected in the Group’s financial performance, with revenue increasing by an average of 8% annually in recent years, reaching approximately €60 million.
Tecofi is also continuing to strengthen its CSR policy by optimizing its industrial processes to reduce its carbon footprint and consolidating its production base in France. The Group is prioritizing increasingly localized production—either brought back to France or carried out as close as possible to its customers—in order to simultaneously improve its lead times and its environmental impact. In 2025, Tecofi became the first purpose-driven company in the valve industry.
With the support of investment funds, Tecofi’s management team, under the leadership of Jean-Paul Colombel (Chairman) and Fabien Fayard (CEO), aims, with this new round of financing, to accelerate the Group’s development by combining organic growth and acquisitions, in order to penetrate potential new markets (nuclear, hydrogen), diversify its products, and expand its customer base. To achieve this, Tecofi will be able to leverage its expertise across the entire value chain from design and production, its international presence, its established brand image, its experienced and dynamic management team, as well as sound financial management and a clear strategic vision. The company will also fully benefit from the expertise of its financial partners, particularly Africinvest Europe, to consolidate and strengthen its presence on the African continent, where it already operates through a subsidiary in Egypt.
Sale of TEAMS Engineering subsidiaries to the Gagneraud Group
Exco Finance & Transactions and the Financière de Courcelles teams advised TEAMS Ingénierie, a design office and general contractor specializing in industrial engineering, on the sale of its subsidiaries to the Gagneraud Group.
Lyon, November 27, 2025
Exco Finance & Transactions and the Financière de Courcelles teams advised TEAMS Ingénierie on the sale of its subsidiaries dedicated to industrial project engineering to the Gagneraud Group, a leading French player in the construction industry with over €700 million in revenue.
Founded in 2012 in Clermont-Ferrand by Patrice Dupouyet, TEAMS Ingénierie (hereinafter the “Group”) is a recognized design office, initially focused on industrial process engineering. The Group has progressively expanded its expertise to include building engineering, energy, and utilities for industrial sites. It works on new and existing projects and systematically co-develops its operations from the initial study phase through to completion. Its services cover a wide range of missions, from process optimization and industrial site expansion to energy audits, utility work, and maintenance.
The divested business encompasses several complementary entities:
- DH Contracting and Dupouyet Contracting, specializing in the optimization of industrial processes (manufacturing, packaging, storage, transfers, etc.);
- Ingebat Contracting, focused on the construction and renovation of industrial buildings;
- The MDE Contracting brand, dedicated to energy auditing, diagnostics, and optimization.
Historically positioned as a general contractor, the Group undertakes projects involving the creation or renovation of industrial lines and processes. Its technical expertise and the high quality of its teams’ work have enabled it to forge lasting relationships with leading clients in the food processing, pharmaceutical, financial services, and bioplastics sectors.
This transaction allows Gagneraud to strengthen its presence at the heart of the industrial building sector and address the needs of production sites, leveraging the Group’s expertise and skills to deploy these capabilities on a larger scale.
Patrice Dupouyet, Head of Teams Engineering
“This acquisition will allow us to embark on a new phase of development. By joining a solid and structured player, we will be able to better support the sustained growth of our clients, while preserving our technical DNA and the close relationships that have always been our strength.”
Jacques Schwab, Executive Director, Financière de Courcelles and Exco Finance & Transactions
“We are very proud to have supported Patrice Dupouyet and his team in this transaction, which allows them to join a recognized family-owned group in the construction sector, while preserving its core identity. This transaction illustrates our expertise in supporting shareholder-managers in primary transactions.”
About the Gagneraud Group
Founded in 1880, Gagneraud is a major player in the construction and public works sector. Historically present in public works and with a network of over 50 independent companies, Gagneraud has diversified and expanded its activities into materials processing, civil engineering, construction, and industrial services, enabling it to achieve a turnover of approximately €700 million.
Financière de Courcelles advises EM6 Worldwide on its asset sale to Trax Technologies
Paris (France), November 25, 2025
EM6 Worldwide sells a portfolio of strategic assets related to its freight audit & payment activities to Trax Technologies, enabling Trax to strengthen its platform and presence among major international clients
EM6 Worldwide has sold a portfolio of strategic assets related to its freight audit & payment activities to Trax Technologies. This transaction enables Trax to further strengthen its transport spend management and audit solutions offering, while expanding its presence among major international clients in Europe.
Financière de Courcelles advised EM6 Worldwide and its shareholders on this asset disposal transaction, supporting the group throughout the process up to the signing of the agreement.
Specializing in freight audit & payment solutions for multinational clients across all transportation modes, EM6 Worldwide will continue to operate independently with its teams and proprietary expertise, as the transaction only relates to a defined perimeter of assets (including certain client contracts and technological components).
Trax Technologies, a global leader in transport spend management and freight audit solutions, will further strengthen its platform and its ability to serve clients worldwide through the integration of the acquired EM6 assets into its global offering.
Suresh C. Sainanee, Founder and CEO of EM6 Worldwide, commented:
"This transaction with Trax Technologies reflects our strategy to streamline and refocus our portfolio of activities, while ensuring service continuity for the relevant clients within a leading global platform."
Henri Mion, Managing Partner at Financière de Courcelles, added:
"We are delighted to have supported EM6 Worldwide in this strategic transaction. It highlights the ongoing consolidation in the freight audit & payment sector and the key role played by specialized players such as EM6 and Trax in optimizing transportation costs for large international corporations."
Financière de Courcelles advises “Groupe TERA” (EPA:ALGTR) on the sale of its subsidiaries TERA Environnement and Toxilabo to CELNOR Group
Marseille (France), 12 October 2025,
Groupe TERA (EPA:ALGTR), a leading player in real-time air quality measurement and assessment, has sold TERA Environnement and Toxilabo, two subsidiaries of its “chemical laboratory analysis” business, to CELNOR, backed by Inflexion Private Equity Partners.
Founded in 2001, TERA Environnement is specialised in providing analysis, monitoring and control services for chemical and biological contaminants present in the air and on surfaces. The company performs accredited analyses of ambient air quality, indoor air, outdoor air, emission air, workplace air and soil gases, measuring a wide range of pollutants, including VOCs, fine particles, heavy metals, and PFAS, using passive and active sampling methods.
Through its three accredited laboratories in France (Crolles, Fuveau, and Nantes), TERA Environnement delivers fast, high-quality, and customized services to leading industrial companies including many CAC40 companies, international TIC leaders, Tier 1 Engineering consulting firms, worldwide laboratories and healthcare organizations, all in compliance with regulatory requirements.
Established in 2000, Toxilabo is a subsidiary of Tera Environnement. It supports professionals in occupational health, industrial hygiene, and environmental safety by providing comprehensive testing services to assess and manage chemical risks in workplaces and environments.
The Company offers a full range of capabilities, including air quality testing, surface residue analysis, and biological monitoring through the analysis of samples such as blood, urine, and hair. Their in-house team of chemists and biologist advises clients on sampling strategies, equipment choices, and analysis to ensure compliance with regulatory standards.
Groupe TERA’s “chemical laboratory analysis” business is recognized for its innovation, reliability, and commitment to improving air quality as well as environmental and occupational health through proven and science-driven solutions.
With more than 80 employees, this activity represented 84% of the group’s consolidated revenue in 2024, with an EBITDA margin exceeding 20%.
Founded in 2023 by Simon Parrington, Celnor Group is a UK-based platform bringing together entrepreneur-led companies in the Testing, Inspection, Certification, and Compliance (TICC) sector. Backed by private equity firm Inflexion, Celnor operates across four divisions: Built Environment, Safety & Compliance, Risk Management, and Analytical Sciences, delivering trusted services ensuring people, buildings, and the environment remaining safe and compliant.
With almost 2,000 colleagues, Celnor supports more than 7,000 clients across 40 locations in Europe and North America. Its acquisition model targets high-growth businesses with £2–30m turnover and strong leadership continuity, enabling scale without sacrificing identity. Recent additions include John Turner Consulting (USA), Ethos Environmental Planning, Scaled Solutions, Airey Miller Group and Building Monitoring Services.
Celnor fosters collaboration, technical mentoring, and joint bidding across its network, driving innovation and long-term value. Committed to ESG excellence, the Group continues to champion sustainable practices and regulatory compliance, positioning itself as the most trusted home for specialist TICC firms.
Simon Parrington, CEO & Founder of Celnor Group: « The addition of Tera Environnement and Toxilabo marks another important milestone in Celnor’s international growth journey, becoming our first French Group member. After expanding into the US earlier this year the addition of Tera Environnement and Toxilabo reflects our ambition to build a strong global presence in TICC (Testing, Inspection, Certification, and Compliance) industry. Their market leading position and extensive experience in the industry make them an invaluable addition to the Group. It’s fantastic to see our Analytical Sciences division expand with such a well-known and highly respected team. »
Laurent Lequin, Managing Director of TERA Environnement: « This achievement is a clear demonstration of the unparalleled expertise and capabilities of the teams at TERA Environnement and Toxilabo. The backing of the Celnor Group is a strategic milestone in the development of both companies in France and internationally, offering significant opportunities for growth. »
Alexandre Forget, Managing Partner at Financière de Courcelles: « This groundbreaking transaction for Celnor will also enable Tera Environnement and Toxilabo to leverage the momentum of their new partner to continue their strong growth. This transaction perfectly illustrates both our ability to execute cross-border deals and our expertise in the TICC sectors. »
Pascal Kaluzny, CEO & Founder of TERA Group: « The FDC team understood our objectives and defended our interests with professionalism and rigour in a transaction carried out with a British group. We appreciate the quality of the communication established and the great availability of FDC's team, all with a consistently pleasant atmosphere. We would be keen to request FDC's assistance again if a new opportunity arises. ».
Financière de Courcelles advised Philibert Group on its sale to Saphine Group
Lyon (France), September 24, 2025
Philibert Group, which is celebrating its century of existence this year, is a leading national player in transportation and travel organization:
- Transport Division: A key mobility provider in the Auvergne-Rhône-Alpes region, offering regular and occasional transportation services for passengers toward schools, urban areas, workplaces, and leisure destinations.
- Tourism Division: Sales and organization of travels in France and around the world (custom tours, package holidays, cruises, etc.) for both corporate and individual clients.
Founded in 1925 by Adolphe Philibert and later managed by Léo and then by Marc Philibert, its current CEO, Philibert Group currently employs nearly 600 people and operates a fleet of 460 vehicles that cover over 16 million kilometers annually.
The Group is mainly established in the Auvergne-Rhône-Alpes region, with around twenty sites ensuring proximity to its clients (local authorities, transport companies, cruise operators, businesses, and individuals).
The sales to Saphine Group reflects the acquiror’s ambition to strengthen its presence in the Auvergne-Rhône-Alpes region by relying on a strong regional brand and a deep-rooted family identity. It aims to continue developing the Philibert Group, “with a particular focus on environmental and CSR initiatives,” according to its CEO Jean-Sébastien Barrault.
Financière de Courcelles advises MAKAO on its primary minority LBO with Florac
Paris (France), September, 10 2025
MAKAO welcomes Florac as a minority shareholder to support its organic growth and accelerate its external growth strategy.
Financière de Courcelles advised MAKAO’s shareholder on the successful completion of this primary minority LBO and the related financing.
Founded in 2011 in Paris, the MAKAO Group is a recognized player in the design and manufacturing of premium packaging and high value-added gifts for the Fine Food segment as well as other luxury sectors. Thanks to its integrated hybrid “Trade or Make” model, combining a network of quality partners with in-house production capacity through Ets Edmond in Mâcon (created to build a French manufacturing tool and expertise), MAKAO controls the entire value chain, from creation to production. The Group also operates a Paris-based workshop dedicated to design, conception and prototyping, enabling high responsiveness and close collaboration with clients from the earliest stages of product development. This Parisian studio allows clients to meet the creative teams and visit the showroom.
MAKAO leverages widely recognized creative and technical excellence, strong innovation capabilities and great operational agility to develop multi-material and multi-purpose products. These strengths make it a trusted strategic partner for the most demanding houses in the Fine Food, Wines & Spirits, Niche Perfumery and Cosmetics sectors.
With Florac’s support, MAKAO aims to continue its organic development and accelerate its external growth strategy, expanding its expertise into new verticals, new clients and new geographies, while further structuring its operations to meet growing client demands for quality, innovation and sustainability.
On this occasion, David Jankowski, the Group’s founder and CEO, has significantly reinvested, remaining the majority shareholder, and will continue to lead MAKAO’s development with the support of the Management team, who are also investing alongside him.
David Jankowski, CEO of MAKAO
“I greatly appreciated the collaboration with the Financière de Courcelles team, whose commitment and attentiveness were constant throughout the process. Their sector expertise, and in particular Jonathan Bursztyn’s deep knowledge of the packaging market, was a valuable asset for the success of this transaction.
Jonathan Bursztyn, Managing Partner at Financière de Courcelles
“We are very proud to have supported David Jankowski and his team in this primary minority LBO. This transaction enables MAKAO to partner with a long-term investor, while preserving its independence and entrepreneurial DNA. This deal once again illustrates our expertise in supporting owner-managers through primary and ambitious growth transactions.”
About MAKAO
Founded in 2011, the MAKAO Group specializes in the design and manufacturing of premium packaging solutions for high-end artisanal houses. Initially focused on the Fine Food segment, MAKAO has gradually expanded into Wines & Spirits, Niche Perfumery and Cosmetics. With an integrated production model in France and recognized creative expertise, the Group has established itself as a trusted partner for the most prestigious brands. MAKAO offers comprehensive expertise in design, conception and prototyping, with a Paris-based studio and a production facility in Mâcon. Its multi-product, multi-material creations combine aesthetic excellence with technical complexity, positioning MAKAO as a key player in premium packaging and high-value gifts at the crossroads of craftsmanship and luxury.
About Florac
Florac is an investment company owned by Marie-Jeanne Meyer and her children, historical shareholders of the Louis Dreyfus Group. Florac invests ticket sizes ranging from €15 million to €100 million alongside strategic partners, founders or executives, in companies with strong long-term growth potential. Since its creation in 2009, Florac has invested in nearly 40 companies as a majority or minority shareholder, in France, Europe and the United States. Its family ownership and flexible investment horizon enable it to support companies over the long term. Florac has offices in Paris and Los Angeles.
Financière de Courcelles advises Even on the sale of its subsidiary Le Saloir du Périgord to Groupe Jean Floc’h
Marseille (France), September 1, 2025
EVEN, a French agri-food cooperative group, has sold its subsidiary Le Saloir du Périgord to Groupe Jean Floc’h, a leading independent player in pork meat processing.
Founded in 1987, Le Saloir du Périgord is a long-standing player in the dry-cured meat industry, processing over 5,000 pieces of cured ham and related products (saucisson, coppa, lomo) each week for retail, foodservice, industrial clients, and wholesalers.
A founding member of the “Le Porc du Périgord” sector initiative, the company stands out for its commitment to sustainable practices, offering high-quality products while supporting responsible farming and the preservation of natural resources.
Operating across two sites in Saint-Barthélemy-de-Bussière (Dordogne) and Pézenas (Hérault), the company employs around 60 people and generates revenues of approximately €18 million.
This acquisition is aligned with Groupe Jean Floc’h’s growth strategy — a group generating over €1 billion in revenue — and aims to strengthen its presence in the premium cured meats segment. The deal will allow the group to consolidate its position in the charcuterie market by leveraging Le Saloir du Périgord’s brand recognition and artisanal expertise.
At the same time, Le Saloir du Périgord will benefit from being part of a leading French pork industry player, while maintaining its distinct identity and artisanal know-how.
Alexandre Forget, Managing Partner at Financière de Courcelles, commented:
"This transaction addresses two key objectives for EVEN: continuing the implementation of its strategic refocus, and ensuring the long-term future of Le Saloir du Périgord by aligning it with a group of sufficient scale to meet the sector’s challenges. Our deep industry knowledge and spin-off expertise enabled us to successfully support this operation."
About EVEN
Founded in Brittany in 1930 around the dairy sector, EVEN is a French cooperative agri-food group supported by over 1,000 member farmers and nearly 6,500 employees. It is now a major player in the French food industry.
EVEN is structured around the Even Cooperative, the Group’s parent company, and four complementary business units: upstream agricultural services, dairy products, food distribution, and a diversification division.
Driven by the values of agricultural cooperation, EVEN’s ambition is clear: to help everyone access quality food while sustainably creating human and economic value for its member farmers, employees, Brittany, and all the regions where it operates.
Financière de Courcelles advised Weem’s founders-directors on the sale of a majority stake to the Menway Group
Paris (France), July 2, 2025
WEEM, a key player in top-tier independent talent, has reached a major milestone in its expansion by joining forces with Menway, a leading HR-solutions group. The partnership accelerates WEEM’S strategic roadmap and amplifies Menway’s Group high-end consulting capabilities, both in France and worldwide.
« We are delighted to welcome WEEM to Menway Group. This partnership reflects our shared belief that people are the driving force behind sustainable transformation. It deepens our leadership in premium consulting and interim management and empowers us to build a next-generation offering agile, hybrid, and unmistakably human powered by a network of top-tier independent talent in France and around the world. »
Valérie Mathieu, Chief Executive Officer, and Jean-Louis Petruzzi, Chairman, Menway Group
Since its inception in 2018, WEEM has rapidly positioned itself as a market leader in highly qualified independent talents. The company now relies on a network of more than 4,000 consultants, spanning strategy, management, and interim management roles. WEEM has already collaborated with a third of the CAC 40, as well as a wide range of private equity funds, startups and SMEs.
Leslie Garçon and Aristide Varvounis, WEEM’S co-founders:
« Partnering with Menway Group is a decisive step toward our ambition to become the benchmark for top-tier independent talent. Menway’s extensive footprint across France and the Francophone markets gives us a springboard to accelerate growth at home and abroad while preserving the DNA and agility that define WEEM. Our offering dovetails with Menway’s existing portfolio, enabling both firms to provide a broader suite of services to our respective clients »
This marks Financière de Courcelles’ eighth transaction in the HR and consulting sector over the past three years.
About Weem:
Founded in 2018, WEEM is a specialist matchmaking platform that connects companies with highly qualified professionals. The platform holds a vetted bench of 4,000+ strategy and management talents, functional experts, and interim executives drawn from tier-one consultancies and blue-chip corporates. Powered by a 48-hour matching engine that aligns technical expertise and cultural fit, WEEM deploys talents on agile, tailor-made engagements ranging from one to 200 days. More than 250 clients, including Carrefour, Pernod Ricard, Allianz, BlaBlaCar, BPCE, Danone, L’Oréal, and multiple private equity funds, already rely on its services. In 2024, the firm generated €16 million in revenue.
About Menway Group:
Menway, an independent HR group founded in 2002, employs over 500 people and supports companies in all their human resources challenges. With a nationwide and international presence, it deploys complementary areas of expertise: health and quality of life at work with Prévia, Pros-Consulte and Ma Bonne Fée; HR consulting with Latitude RH and Talent Consulting; interim management with NIM Europe, NIM Suisse and MCG Managers; executive search with MacAnders and Altigapharma; and permanent and temporary recruitment with Menway Emploi, Abil Ressources, Enthalpia Lux and Yupeek. The Menway Group generated sales of 185 million euros in 2024.
Financière de Courcelles advises the shareholders of Neoptim on the acquisition of Strategy Conseil
Paris (France), July 2nd 2025
Created in 2009, Neoptim is a consulting firm specializing mainly in the optimization of tax and social charges for public and semi-public service players in France (local authorities, public nursing homes, public health establishments and associations) and the private sector. The Company has about fifty employees and has agencies in Paris, Lyon and Montpellier.
Based on a proactive commercial approach and a corporate culture based on agility and high standards, the Company articulates its offer around 4 main activities: social security contributions, taxation, research tax credits, accidentology and occupational diseases and offers more than thirty optimization levers.
Having developed a strong capacity for innovation, itself based on a permanent monitoring of regulatory developments, Neoptim systematically enriches the optimization possibilities offered to a customer base of more than 4,000 players. Benefiting from a business model offering visibility and recurrence, the Company has a very good track record of organic growth in recent years and generated revenue of €17 million in 2024.
Since March 2023, Neoptim has benefited from the financial, strategic, and operational support of B & Capital, with the objective of complementing its strong organic growth with a targeted external growth strategy.
The acquisition of Strategy Conseil is the first transaction carried out by Neoptim, which intends to position itself as one of the leading consolidators in the sector. Strategy Conseil is a firm specializing in obtaining public funding (local, national and European subsidies) and tax credits for SMEs and mid-caps.
This operation reflects a shared ambition to:
- To create a national player of reference by combining two very complementary territorial networks: Neoptim is located in Paris, Lyon and Montpellier, while Strategy Conseil covers the South-West (Agen, Bordeaux, Pau, Toulouse);
- Deploy an increased commercial dynamic, thanks to the pooling of expertise, customer portfolios and a better ability to address complex calls for tenders;
- Generate concrete operational synergies, via shared access to cross-offers, internal skills and the group's support functions.
This transaction once again illustrates Financière de Courcelles' expertise in supporting targeted external growth strategies in business services, and more specifically in the consulting sector.
Guillaume Piette, Managing Partner of Financière de Courcelles:
"We are delighted to have supported Neoptim's teams and shareholders in their first acquisition in France in a sector in full consolidation. This transaction reflects Financière de Courcelles' know-how in supporting ambitious companies and our ability to convince entrepreneurs to join consolidation platforms. We look forward to working again in such close collaboration with Neoptim and B & Capital!”
Financière de Courcelles advised the shareholders of Save Concept on its sale to Patriarca Group
Lyon (France), July 1st 2025
Since 2012, Save Concept has developed a comprehensive and tailor-made solution dedicated to energy management and smart buildings through its unique and innovative concept:
- Collection and transmission of energy consumption data through the installation of an on-site box,
- Remote analysis, monitoring, and control instructions to optimize energy consumption.
Thanks to its automated data centralization and ease of use, the solution can be easily adapted to any sector (banking, insurance, logistics, industry) and any type of need (single or multi-site).
The merger with the Patriarca Group, a national player in corporate real estate management, strengthens the service offering dedicated to energy management, while addressing regulatory and technical challenges.
The new entity employs 120 employees across 7 cities in France, providing national coverage.
Financière de Courcelles advises the founder of Atlas Sécurité on the majority sale of its capital to Groupe BSL
Paris (France), June 18th, 2025
Founded in Rouen in 2003 by Stéphane Chergui, Atlas Sécurité is one of the leading independent players in physical security, surveillance, and reception services in the west of France. With revenues of nearly €35 million, primarily generated from major corporate clients and public institutions, the Group is pursuing a strategy of sustained growth, illustrated in particular by the acquisition of an agency in Nantes in 2020, which strengthened its presence along the Atlantic coast.
Atlas Sécurité is also a member of the Securalliance, alongside Groupe BSL.
As part of this dynamic, Groupe BSL is acquiring Atlas Sécurité with the aim of:
- Expanding geographic coverage and building a national group: Atlas has a strong historical presence in the Grand Ouest (Normandy, Brittany, Pays de la Loire), while BSL operates in the Île-de-France and South-East regions;
- Accelerating commercial development: leveraging shared key account references and scaling up for complex tenders by combining geographic coverage, sector expertise, and enhanced operational capabilities;
- Creating operational synergies and sharing Atlas's newly launched training center.
This transaction once again highlights Financière de Courcelles’ expertise in supporting founder-managers and the business services sector.
Financière de Courcelles and Exco Finance et Transactions advised the shareholder of CIM (Chaudronnerie Industrielle du Midi) on its sale to Holding Virage
Toulouse (France), on 24 th April 2025
Financière de Courcelles and Exco Finance et Transactions advised the shareholder of CIM (Chaudronnerie Industrielle du Midi) on its sale to Holding Virage
CIM (Chaudronnerie Industrielle du Midi) is a leading player in the manufacturing of components for the civil and military aerospace sectors.
Founded in 1971 by the father of Laurent Gattoni—current CEO and shareholder—CIM has built long-standing relationships with major aerospace OEMs in France.
Based in Cornebarrieu (Haute-Garonne), and backed by a team of around 100 employees, the company is forecasting nearly €15 million in revenue for 2025.
CIM holds EN 9100, ISO 9001, and Nadcap certifications, demonstrating its technical and quality expertise across all stages of manufacturing and assembling complex sub-assemblies.
Holding Virage is the investment vehicle of Jérôme Labhar, a seasoned multi-entrepreneur. Together with Gérard Mattiussi, with whom he previously acquired, developed, and recently sold GIT (Galvanoplastie Industrielle Toulousaine, now Liebherr-Aerospace Coatings SAS), the pair were drawn to CIM’s positioning, its teams, and its technical know-how.
The team at Exco Finance et Transactions, together with the sector expertise of Financière de Courcelles, is proud to have supported the owner-manager in this succession transaction with Jérôme Labhar, who continues to pursue his acquisition strategy.
This acquisition marks a new development phase for CIM, enabling the company to strengthen its position in technical metalworking and the production of complex parts and assemblies for the aerospace and defense industries.