Alantra advised IDI and Chevrillon on the acquisition of Alkan from TCR Capital

Jul 2017

Buy-side advisory

Alantra advises investment firms Chevrillon and Idi on the acquisition of aeronautics equipment supplier Alkan.

With consulting from Alantra, investment firms Chevrillon and Idi signed a protocol for the acquisition of civil and military aeronautics supplier Alkan, together with this company’s President Armand Carlier. The transaction should be completed by end-July 2017.

French company Alkan, based in the Paris region, was founded in 1923 and is a leader in carriage and ejection systems. The group registered €37.3 million in revenue in 2016, of which 51% through export to more than 65 countries, in particular numerous armed forces, major defense systems manufacturers such as Safran, Thalès, MBDA, Raytheon, and international aeronautics companies including Dassault Aviation, Eurocopter, Embraer, Saab, etc.

Alkan is majority owned by the TCR capital fund, which is selling its entire share, and 15% by IDI. Following this transaction, Chevrillon and Idi will each hold a 37% share in the capital, with the remainder owned by the company’s President and management. The Direction Générale de l’Armement (French General Directorate for Armament) has been informed of the transaction.