TRUSTINSOFT RAISES €5M TO CONQUER THE SELF-DRIVING CAR AND IOT MARKETS
Through its Brienne III fund – France’s first cybersecurity fund – ACE Management has completed this round of fundraising with contributions from TrustInSoft’s long-standing investors, Idinvest Partners, and business angels.
ACE MANAGEMENT COMPLETES CLOSING FOR ITS NEW BRIENNE III FUND
ACE Management has announced the first closing for its Brienne III fund, securing investments of €80m. This fund’s strategy is to provide funding for start-ups that offer innovative cybersecurity technology and to assist their management teams with their inorganic growth strategy, both in France and elsewhere. The investment universe will cover all cybersecurity needs: industry 4.0, smart cars and boats, smart grid, eHealth, transportation, energy transition and IOT, to name a few.
A consortium made up of Andera Partners, through its WINCH Capital 4 fund, and Omnes, through its Omnes Croissance 4 fund, has acquired a majority stake in the SPHEREA group, alongside the group’s management and long-standing financial shareholders (ACE Management, through Aerofund III, and IRDI-SORIDEC Gestion, through SCR IRDI).
TIKEHAU CAPITAL LOOKING TO FUND THE STRUCTURAL DEVELOPMENT OF THE EUROPEAN SUPPLY CHAIN
Tikehau Capital, which took over the specialised fund ACE Management six months ago, is seeking to continue consolidating parts suppliers and sub-contractors. Read the interview with executives Marwan Lahoud, Chairman of the Supervisory Board, and Thierry Letailleur, Founder and Chairman of ACE Management.
The OCEA Group, aluminium boat design and construction specialists, has undertaken a replacement capital transaction to continue its growth. Affecting 18.4% of its capital, the deal brings in three new regional investors, Ouest Croissance, Unexo and Océan Participations, while preserving the branch funds managed by ACE Management.
LPF GROUP CONSOLIDATES POSITION AS A LEADING MID-MARKET COMPANY IN THE AVIATION SECTOR
A major manufacturer of mechanical parts and assemblies for aeroplane, helicopter and engine manufacturers and aviation parts suppliers, the LPF Group is reshaping its shareholding structure around ACE Management, its long-standing partner since 2011, while welcoming GSO Capital to the round of fundraising.
RAFAUT DOUBLES IN SIZE WITH AEDS GROUP ACQUISITION
The Rafaut Group, aviation engineering experts, has reached a deal on the acquisition of the AEds Group with its founders, Maurice Laffly and Jean-Christophe Bertolo, and with ACE Management, Bpifrance Investissment and BNP PARIBAS Développement.
Sentryo, pioneers in cybersecurity and Industrial Internet solutions and Gartner’s “Cool Vendor in Industrial IoT and OT Security, 2018”, has raised €10m from European investors to boost its international growth.
TIKEHAU CAPITAL SIGNS DEAL TO ACQUIRE ACE MANAGEMENT
Tikehau Capital, an alternative asset management and investment group, has announced it has acquired the management company ACE Management. Marwan Lahoud, with his considerable sector expertise, will join the management team to boost the group’s private equity business.
NEXTEAM GROUP ACTIVELY PURSUING GROWTH WITH INCORPORATION OF MECAFI GROUP
Ludovic Asquini, Chairman of the Nexteam Group, a key player in assembly manufacture, complex part machining and hard metals for the aviation and defence industries, has announced the beginning of a new growth phase, starting with the incorporation of the Mecafi Group (registered office at Châtelleraut / 86), specialists in precision mechanical assemblies and the machining of complex aluminium parts for the aviation and engine industries.
SOCOMORE BLASTS OFF AS A GLOBAL MID-MARKET COMPANY ON THE AVIATION MARKET
Aviation product surface preparation and treatment specialist, Socomore has completed its fourth round of fundraising, securing €53.5m in investments. CM-CIC Investissement, subsidiary of the Crédit Mutuel-CM11 Group and top shareholder since 2011, and RAISE, a new investor, subscribed to a capital increase of €20m each in the holding company of the group Chairman, Frédéric Lescure. This was topped up by a total of €13.5m from ACE Management, shareholder since 2013, and Bpifrance, a new investor. Frédéric Lescure retains majority control of the group.
The DUQUEINE Group, the top French designer and manufacturer of high-performance composite aviation parts and assemblies, is taking its growth path to the next level by reworking its shareholding structure and increasing its capital by €8m. These two measures, which will release more than €35m, will see IDIA Capital Investissment, Crédit Agricole Régions Investissement and long-standing partner ACE Management join founding director Mr Gilles Duqueine, who will remain the majority shareholder.
Paris, 12 June 2018. Kalray (ALKAL), pioneering manufacturer of processors for new smart systems, is now listed on the Euronext Growth index after having raised the biggest capital increase recorded in the market’s history – €43.5m.
This second round of fundraising, run by GO CAPITAL and the two long-standing investors ACE Management and Auriga Partners, will allow the company to produce phages under GMP conditions, launch two clinical trials and set up a pharmaceutical manufacturing facility in Nantes.
UWINLOC SPEEDS UP GROWTH IN INDUSTRY OF THE FUTURE
UWINLOC, a tech company that devised a system for identifying assets and tracing production flows, is aiming to raise €1m to boost its business growth with key industrial accounts. As part of this round of fundraising, the company is welcoming ACE Management, through its Aerofund III fund, as a new shareholder alongside private investors and long-standing partners.
KALRAY RAISES €23.6M TO LAUNCH NEXT-GENERATION MICROPROCESSORS
Kalray, pioneering manufacturer of low-power, high-efficiency next-generation manycore microprocessors, has announced that it raised a total of €23.6m at the Paris Air Show. New shareholders include Safran and the Asian investment fund Pengpai, who join long-standing shareholders ACE Management, CEA Investissement, EUREKAP! and Inocap Gestion.
BOUY AND SUBSIDIARY AUSARE MAROC JOIN WEARE AEROSPACE GROUP
Shareholders in the company Buoy (ETS JEAN CLAUDE BOUY SAS) and the WeAre Aerospace Group have reached a deal that will see WeAre acquire all of BOUY’s business activities in France as well as those of its subsidiary AUSARE MAROC. The deal will allow both parties to forge a sustainable shared industrial strategy and offer their clients competitive, high-tech solutions.
Set up in late 2000 in Aix-en-Provence by Bruno Guimbal, former project lead at the Airbus Helicopters research unit, Hélicoptères Guimbal designed and developed an innovative, lightweight two-seater helicopter with unparalleled flight safety: the Cabri G2.
MULTIX RAISES €3.5M FROM OMNES CAPITAL AND LONG-STANDING INVESTORS
MultiX, leading company in the field of X-ray spectroscopy for airport security and non-destructive tests, has announced that a new round of fundraising raised €3.5m from long-standing investors and two newcomers, Omnes Capital and H3C (private investor).
ACE MANAGEMENT AND LAURENT LECOLE SHAPE LEMER GROUP TAKEOVER WITH OUEST CROISSANCE AND LITTO INVEST
Nantes, 30 January 2017. Laurent Lécole, CEO, is taking over the Lemer Group from the founding family. The group consists of two subsidiaries, Fonderie Lemer and Fonderie Dejoie, and specialises in the manufacture of low melting point lead or alloy components and the production of aluminium assemblies and security seals. To successfully complete the deal, Lécole is working with ACE Management (through its Atalaya maritime fund), Ouest Croissance and Litto Invest. As evidence of her support for the takeover, Pascaline Lemer of the founding family is also involved in the deal.
AEROFUND III BECOMES ADF SHAREHOLDER; ADF ACQUIRES LATECOERE SERVICES
ADF, the Vitrolles-based industrial engineering and maintenance services specialist, is now in a position to make greater inroads into the aviation sector. This is not ADF’s first acquisition. The group, a spin-off out of the Gaz de France services business managed by Marc Eliayan, made a significant acquisition back in 2006, but its acquisition of Latécoère Services opens up new opportunities.
3DTRUST BRINGS ADDITIVE MANUFACTURING INTO THE INDUSTRIAL ERA
Toulouse, 20 September 2016. 3DTRUST, a start-up specialising in the digitisation of additive manufacturing processes, welcomed new shareholders ACE Management and the WeAre Aerospace group during a round of fundraising which secured €1m in investments. This capital injection will allow the company to provide its solution to its industrial partners.
ARIES ALLIANCE CONTINUES GROWTH WITH CM-CIC INVESTISSEMENT, BNP PARIBAS DEVELOPPEMENT AND ACE MANAGEMENT
With its third LBO, the Nantes-based mid-market company, a global specialist in aerospace metal moulding techniques and parts manufacture, has expanded its round of fundraising through its long-standing partners CM-CIC Investissement and BNP Paribas Développement, shareholders since 2000, and ACE Management, a new “pure player” investor focused on the aviation sector. Thanks to a dynamic aviation market and successful organic and inorganic growth strategies, Aries Alliance has recorded constant growth since its inception. A total of €87m of equity capital will be invested in this deal.
RB3D RAISES €4M AND SPEEDS UP TIME-TO-MARKET FOR ITS OCCUPATIONAL EXOSKELETON RANGE
Auxerre, 30 June 2016. RB3D, specialists in collaborative robotics (“cobotics”) for support with arduous tasks in industry, has announced the end of its third round of fundraising, after securing investments of €4m. This capital increase, achieved thanks to long-standing financial investors ACE Management, ATI, IDEB, INOCAP, Alto Invest and the founding directors, was also bolstered by Colas through its CIB Développement investment fund.
WEARE AEROSPACE GROUP FORMED THROUGH FARELLA ACQUISITION OF CHATAL WITH ACE MANAGEMENT SUPPORT
The Montauban-based FARELLA Group has announced its acquisition of CHATAL, a company based in Herbignac. This deal gives rise to a new mid-market company, the WeAre Aerospace group (€60m turnover and 400 staff), which is the leading European company for turning parts intended for aviation or medical use.
FRENCH START-UP SENTRYO, INDUSTRIAL INTERNET CYBERSECURITY PIONEER, RAISES €2M
Lyon, 27 January 2016. Sentryo protects the Industrial Internet against cyber risks. Operating since mid-2014, the company has just raised €2m from ACE Management and Rhônes-Alpes Création (through its RAC II and R2V funds). This new capital will help boost Sentryo’s business growth in Europe, with a focus on France and Germany.
ACE MANAGEMENT AND BPIFRANCE INVESTISSEMENT BOLSTER CORIOLIS COMPOSITES CAPITAL
Lorient, 8 September 2015. ACE Management and Bpifrance Investissment have become shareholders in Coriolis Composites, alongside founders Clémentine Gallet and Alexandre Hamlyn, and the regional investor Société Financière Lorient Développement (SFLD).
FERMENTALG – ACTIVE INGREDIENT PATENT GRANTED FOR MIXOTROPHIC MICRO-ALGAE PRODUCTION TECHNOLOGY
Libourne, 27 July 2015. Fermentalg, an industrial biotech firm specialising in micro-algae oil and protein production, has announced the grant of an active ingredient patent for its dominant-heterotroph mixotrophy technology.
SPHEREA TEST & SERVICES IMPROVES MARKET POSITION IN ELECTRICAL ENERGY SECTOR
Toulouse, France, 18 June 2015. In line with the roadmap released to the press the day after ACE Management and IRDI’s purchase, on 26 May 2015 SPHEREA completed its first inorganic growth deal by acquiring the Puissance Plus Group.
Paris, 17 June 2015. ACE Management, manager of the Aerofund fund, has become a shareholder of the RAFAUT Group alongside the group’s management team. RAFAUT, led by Jacques Rafaut since 1960, is a leading French parts supplier for civil and military aircraft.
Neuilly-sur-Seine, 11 May 2015. MultiX, leading company in the field of X-ray spectroscopy for airport security and non-destructive tests, has announced that its third round of fundraising raised €3m from ACE Management, Amorçage Technologique Investissement, CEA Investissement, EurekaP, Expansinvest, Rhône-Alpes-Création and Thales Corporate Ventures, as well as banking partners BPI and BNP.
Romainville, 18 March 2015. Pherecydes Pharma has announced that it has secured total investments of €2.6m from ACE Management, the company’s long-standing partner, and from Auriga Partners and business angels.
LOIRETECH PURCHASES NANTES-BASED SUBSIDIARY OF ALLIO GROUP
Loiretech, a firm based in Mauves sur Loire specialising in tools for composite materials, has just announced that it is to acquire the Allio Group’s subsidiary in the Loire region, a renowned manufacturer of metal tools.
Toulouse, 23 February 2015. The ASQUINI-SOFOP AERONAUTIQUE Group (ASSO AERO), one of the major machining specialists in the aviation and defence sectors, has announced that it has acquired the company GENTILIN, based in Launaguet (31), and will change its name to the NEXTEAM GROUP.
Bertin Technologies, a subsidiary of the French industrial group CNIM1, has bolstered its position in instrumentation products and systems by acquiring the Saphymo Group. The acquisition will take effect from January 2015.
SPRING Technologies is funding a new growth phase by raising funds from CM-CIC Capital Innovation, the company’s long-standing partner, and from ACE Management, through the Aerofund III fund, and CM-CIC Capital Privé. The deal is being supplemented by an innovation loan from Bpifrance.
AIRBUS GROUP TRANSFERS MAJORITY STAKE IN TEST & SERVICES TO ACE MANAGEMENT AND IRDI
Toulouse, 10 July 2014. On 10 July 2014, Airbus Group (AIR) transferred 66.5% of its shares in the firm Test & Services to ACE Management and the regional development institute IRDI (Institut Régional de Développement Industriel de Midi-Pyrénées), after receiving the green light from the authorities. Airbus Group had already signed a preliminary withdrawal agreement in June 2014.
MUQUANS RAISES €1.7M FROM ACE MANAGEMENT, IRDINOV AND AQUITI GESTION
Set up in 2011, MUQUANS is a high-tech firm specialised in developing and manufacturing ultra high-precision measurement instruments. The firm was borne out of the research carried out by CNRS researchers Philippe Bouyer and Arnaud Landragin at the Paris Observatory, and is the first company in the world to use laser-cooled atoms to develop fully integrated commercial solutions.
SLP RAISES €700,000 FROM THE ATALAYA FUND, MANAGED BY ACE MANAGEMENT, AND LOGODEN PARTICIPATIONS
Cancale/Paris, 27 May 2014. ACE Management, through its maritime fund ATALAYA, and Logoden Participations, a business angels association based in Ille-et-Vilaine, are investing €700,000 in the company Slipper Limpet Processing (SLP).
Created in 2000, BIO-UV is an innovative industrial group specialised in UV water treatment. The firm is the top French manufacturer of UV water treatment equipment and the European leader in the private and public swimming pool and spa market.
FERMENTALG STOCK MARKET FLOTATION A HUGE SUCCESS RAISING €40.4M
Libourne, 10 April 2014. Fermentalg, an industrial biotech firm specialising in micro-algae oil and protein production, has today announced the spectacular success of its flotation on the regulated market Euronext in Paris (compartment C).
Orsay, Paris, France, 4 April 2014. KALRAY, designer and supplier of low-power, high-performance manycore processors, today announced that Eric Baissus has been appointed CEO of the company. Concurrently, Kalray has secured $8 million in funding, led by ACE Management, CEA Investissement and private investors including Eurekap! to further develop its international market presence and prepare its next-generation chip. Gilles Delfassy and Eric Bantegnie, two prominent industry leaders, have joined the company's Supervisory Board as President and Vice-President respectively.
MECACHROME, A WORLD LEADER IN PRECISION MECHANICS FOR AEROSPACE, HAS CONFIRMED ITS AMBITIONS TO CONSOLIDATE THE BUSINESS AND IS BOLSTERING ITS ORGANISATIONAL STRUCTURE: JULIO DE SOUSA, NEW CHAIRMAN, IS TRANSFERRING GENERAL MANAGEMENT OF THE COMPANY TO ARNAUD DE PONNAT.