Portefeuille

Capzanine 1
http://www.taliance.fr
Software edition
2016 sales 
LMBO November 2017

Taliance creates, develops and distributes the first software solution for modelling alternative investment portfolios, combining the flexibility and the security that these specific assets require. Taliance helps GPs, LPs, pension funds, investors or investment managers to optimise the performance of their international alternative investment portfolios in sixteen countries.

Based in Paris, London and New York, Taliance employs 30 staff. Taliance works principally for Generali, Amundi, Aviva Investors, Gecina, Scor, Aberdeen Asset Management, UBS, la Caisse des Dépôts, Placements du Québec and BNP Paribas Real Estate.

  • INVOLVMENT OF CAPZANINE IN 2007
  • Nature of the deal: LMBO

 

Capzanine 4 Sponsorless
http://www.cbe-tunnels.com/fr/
The worldwide leader in the production of moulds and automated plants for tunnel segments
2016 sales €37 M
MBI October 2017

Founded in 1987 in the Tours region, CBE is a French manufacturer of moulds for the production of tunnel segments, which are pre-cast concrete components vital to the construction of large-diameter water supply and transport tunnels dug by tunnel boring machines. The company has diversified into supplying end-to-end segment and large concrete component pre-cast plants, and into vacuum lifting and handling equipment. The CBE group, which employs 250 people, has a strong international presence, especially in China where the group has been operating since setting up a subsidiary there in 2009.

  • Chairman: Philippe Samama
  • Nature of the deal: MBI
  • Date of the first investment: October 2017
Capzanine 4
http://www.marle.fr/fr/
Manufacturer of orthopaedic prosthetics
2016 sales €81m
Unitranche July 2017

Marle is a CMO (Contract Manufacturing Organization), specialized in the production of orthopaedic implants, mainly hips and knees , and to a lesser extent, shoulders, ankles, elbows and spinal implants. The group also produces medical instruments.

  • Chairman: Antonio Gil
  • Nature of the deal: Unitranche
  • Date of investment: July 2017

Established in 1964, Marle is among the top three players in the world (largest European player) in hip prostheses and 11% in knee prostheses manufacturing. Marle is headquartered in Nogent and owns 6 production sites in France and 1 in Switzerland. It has the capacity to supply small quantities of a large number of stock references.

In this transaction, Capzanine provided an unitranche financing.

Capzanine 4 Sponsorless
http://www.mca-ingenierie.fr/fr
Engineering and high-tech consulting specialist
2016 sales €74 M
Sponsorless July 2017

Founded in 1991, MCA is a service provider in the field of engineering and high-tech consulting. MCA provides intellectual engineering services through R&D projects for major clients in the automotive, energy, aerospace, and biology sectors (Renault, Valeo, Engie, Safran, etc.), and employs close to 1,000 people. The group began expanding internationally in 2012 and is now present in France, Belgium, Germany, the Netherlands, Sweden, Spain and Italy.

  • Chairman: Pierre Ebenstein
  • Nature of the deal: Sponsorless
  • Date of the first investment: July 2017
Capzanine 4
http://www.elivie.fr/
Provider of home healthcare services
2016 sales €144 M
Unitranche July 2017

Elivie (ex IPS) is a provider of home healthcare services, specialising in medical equipment that is specific to respiratory illnesses, insulin therapy and perfusion.
With a diversified base of 9,000 prescribers and a network of some 60 agencies and distributed throughout the country, Elivie has established itself as the 3rd player in the hospitalization market in home.

  • Chairman: Larbi Hamidi
  • Nature of the transaction: Unitranche
  • Date of the investment: July 2017

 

 

Capzanine 4
http://www.intech-medical.com/
Worldwilde leader in orthopedic surgical instruments
2016 sales €55 M
Unitranche July 2017

In’Tech Medical develops and manufactures orthopedic surgical instruments, used by surgeons in order to implement implants inside the patient’s body. The products are spread between spine instruments, knee instruments, shoulder instruments and other products.

  • Chairman: Laurent Pruvost
  • Nature of the deal: Unitranche
  • Date of investment: July 2017

Headquartered in Pas-de-Calais, with subsidiaries in Toulon, the USA and Malaysia, In’Tech Medical was established in 1999 as a carve-out from Medtronics. The group employs c. 500 persons.

In’Tech’s main end markets are the US and France, even though the instruments are then re-exported all over the world by In’Tech’s clients who serve a worldwide population of surgeons. In’Tech is an ‘Approved supplier’ for all the main OEMs (Medtronic, Depuy, Stryker, Zimmer Biomet, Nuvasive) and the first supplier of most of the main players (Stryker Spine, Zimmer Biomet Spine, Nuvasive).

Capzanine 4
http://www.nexeya.com
Electronics products and services
2016 sales €123 M
Unitranche July 2017

Nexeya is a French specialist of electronical engineering. It designs and manufactures value added electronical systems and sub-systems (power convertors, tests benches for planes…) for “critical” applications (for which the failure rate should not exceed 10-9) in various industries (aeronautics, spatial, energy…). Thanks to a strong track-record and long term relationships with the main actors of the market, Nexeya has developed strong know-how and expertise on very technical and specific products.

  • Chairman: Jean-Yves Rivière
  • Nature of the deal: Unitranche
  • Date of investment: July 2017

The Group runs 3 manufacturing sites in France and 2 abroad (Canada and Germany) and distributes its products globally.
Founded in 1997, the Group employs more than 950 people.

Capzanine 4
http://www.entrepose-echafaudages.com/
French leader in scaffolding and shoring equipment rental to firms.
2016 sales €94M
Unitranche July 2017

Scaff’Holding designs and manufactures scaffoldings, shoring systems and staircases which are leased or sold, through two brands, Entrepose and Mills. Established in 2002 from a carve-out from Suez, Scaff’Holding employs c. 500 people and owns two productions sites in France. The group has a large and diversified customer base and operates primarily in construction, industry and events sector in France.

  • Chairman: Anne-Marie Lambilliotte
  • Nature of the deal: Unitranche
  • Date of reinvestment: July 2017
Capzanine 3
http://www.nexeya.fr
Electronics products and services
July 2017

Founded in 1997, Nexeya is now a group of 1,200 people mainly involved in the defence, aerospace, energy and transport markets. The group designs and supplies critical electronics systems to the system integrators and prime contractors in these industries.

  • INVOLMENT OF CAPZANINE IN 2013
  • Nature of the deal: Secondary P2P/MBO

 

Capzanine 2
http://www.directmedica.com
Remote management of sales and customer relations in the field of healthcare
July 2017

Direct Medica is specialised in remote management of sales and customer relations in the field of healthcare. The company has developed solutions for interaction between players in the healthcare sector, such as remote direct sales of medicine to pharmacies, remote training of healthcare professionals, patient monitoring programmes and pharmacovigilance. It assists the major pharmaceutical laboratories, like Pfizer and Astra, in monitoring their portfolios of client pharmacies and in improving the traceability of their specialities. Directmedica provides support for the distribution of medicine.

  • Capzanine's involvement: 2010
  • Nature of the deal: OBO

 

Capzanine 3
http://www.marle.fr
Manufacturer of orthopaedic prosthetics
Unitranche July 2017

Marle International, the European leader in the manufacturing of orthopaedic implants (mainly hips and knees), has experienced a sustained growth over the past ten years. Through a relevant external growth strategy, the group has become one of the only "one- stop-shop" manufacturer in the market (complete production capacity). The group has six production sites in France with approximately 600 employees.

  • Chairman: Antonio Gil
  • Nature of the deal: Unitranche
  • Date of reinvestment: June 2016

The group Marle International, owned by The Carlyle Group since 2009, has been acquired by IK Investment Partners. Capzanine has been selected to arrange a unitranche facility to finance this transaction. IK Investment Partners is willing to support the group in its international growth and its product line expansion. The management, The Carlyle Group and the founder's family remain shareholders of the group. 

Capzanine 2
http://www.cleor.com
Jewellery stores
Secondary LBO June 2017

Founded in 1997 by its current managers, Gilles Bennejean and Pierrick Chatron-Michaud, the Cléor Group is a chain of jewellery shops. The group located in shopping centres in the north of France. The Group is positioned in “bottom-of-the-range” products for customers of all ages, with a product mix focusing on silver-plated costume jewellery.

  • Capzanine's involvement: december 2007
  • Nature of the deal: Secondary LBO