Alantra advised the shareholders of ADDEV Materials on the sale of a minority stake to Tikehau and Bpifrance

Apr 2019

Sell-side advisory & Debt financing

Alantra acted as financial advisor to ADDEV Materials in the context of a minority investment of €38m of Tikehau and Bpifrance, as well as a refinancing with regional banks of the group financial debt.

ADDEV Materials is an industrial company specialised in the conversion and custom cutting of high-performance materials (insulation, technical films, adhesives, foams, etc.). ADDEV Materials employs 500 people across Europe and North America and generates revenues of almost €110m. Through this investment, Tikehau Capital and Bpifrance will provide ADDEV with the means to boost international development and strengthen its position in fast-growing markets such as the aerospace industry, primarily through external growth operations in Europe and North America. They will also seek to sustain the company’s fast growth, including a doubling of the turnover in the past five years.

Tikehau Capital’s investment was made through Tikehau IM’s Pan-European growth equity fund dedicated to growing intermediate-sized companies. The aim of this minority fund is to target structures with high growth potential in buoyant markets.

The transaction represents an important milestone for Alantra’s French team as it strengthens its track record with entrepreneurs and reaffirms its strategy to develop marketing initiatives in French provinces, especially Lyon. Moreover, it reinforces Alantra’s industrial and A&D sector expertise.