EMZ Partners, Bpifrance & Amundi Private Equity invest in Nexteam
Context
Nexteam completed a shareholder reorganization following a competitive process led by Crédit Agricole CIB and Indosuez Corporate Advisory. As part of the transaction, a consortium comprising EMZ Partners, Bpifrance and Amundi Private Equity Funds acquired a minority stake in the company to support its next phase of growth. The new investors succeed Tikehau Capital, which had been a minority shareholder since 2018, while management, led by Ludovic Asquini and Christophe Maury, increased its ownership and retained control of the business through the backing of the long-standing “Friends of Nexteam” shareholder group. The process attracted significant interest from both financial sponsors and strategic investors, including parties considering potential consolidation opportunities within the aerospace supply chain. Following the auction, Nexteam selected a partnership structure allowing management to preserve its independence while securing additional resources to execute its long-term growth strategy. The selection of EMZ, a specialist in flexible capital solutions, reflected management’s preference for investors capable of supporting future expansion while maintaining the company’s existing governance framework. The transaction marks a new stage in Nexteam’s development, providing additional support for organic growth initiatives, international expansion and future acquisition opportunities.
Nexteam, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).
-> Deep-dive in Industry & Manufacturing market trends
Target
Nexteam is a specialized industrial group manufacturing critical components and sub-assemblies for the aerospace, defense and space industries. The company focuses on the production of highly engineered and complex mechanical parts used in strategic civil and military programs. Built through the integration of several specialized industrial businesses, Nexteam has developed strong expertise across three core manufacturing processes: precision machining, foundry operations, and sheet metal fabrication. This multi-technology platform enables the group to supply mission-critical components meeting stringent quality, safety and performance requirements. Nexteam (Tier-1 / Tier-2 supplier) serves leading global aerospace and defense OEMs, including Airbus, Safran and ArianeGroup.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Nexteam
Other operations with EMZ Partners / Bpifrance / Amundi Private Equity
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2026 | EMZ PARTNERS | SNIC TECHNOLOGIES | FRANCE | Railways |
| 07/2024 | EMZ PARTNERS | FAUCHE | FRANCE | Maintenance |
| 11/2023 | EMZ PARTNERS | YURI & NEIL | FRANCE | Digital Marketing, SEO, SEA, Data Analytics |
| 12/2018 | EMZ PARTNERS | VIGNAL GROUP | FRANCE | Auto Parts & Systems |
| 06/2018 | EMZ PARTNERS / BNP PARIBAS DEVELOPPEMENT / IDIA CAPITAL INVESTISSEMENT | DIAM | FRANCE | Marketing & Events |
Similar deals in Aerospace, Naval & Defense
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2026 | THE CARLYLE GROUP | SECTURION SYSTEMS | UNITED STATES | Electronics |
| 07/2026 | THALES | EXAIL TECHNOLOGIES | FRANCE | Naval |
| 06/2026 | MDA SPACE | BLUE CANYON TECHNOLOGIES | UNITED STATES | Aerospace, Naval & Defense |
| 06/2026 | SOCIETE GENERALE CAPITAL PARTENAIRES / IXO PRIVATE EQUITY / BNP PARIBAS DEVELOPPEMENT | AIR SUPPORT | FRANCE | MRO (Maintenance, Repair & Overhaul) |
| 06/2026 | LATOUR CAPITAL / BPIFRANCE | CERBAIR | FRANCE | Electronics |
| 06/2026 | FJORD DEFENCE GROUP | PARTNERTECH KARLSKOGA AKTIEBOLAG | SWEDEN | Weaponry & Ammo |
| 06/2026 | BAIN CAPITAL | EVERLLENCE | GERMANY | Engines & Systems |
| 06/2026 | KRAKEN ROBOTICS | COVELYA GROUP | UNITED KINGDOM | Naval |
| 05/2026 | HIG CAPITAL | INTERNATIONAL AEROSPACE COATINGS IAC | UNITED STATES | MRO (Maintenance, Repair & Overhaul) |
| 05/2026 | PAI PARTNERS | MECAER AVIATION GROUP | ITALY | Engines & Systems |
REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €250–500M
EBITDA range: €50–100M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Nexteam by EMZ Partners / Bpifrance / Amundi Private Equity are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: nexteam
Acquirer: amundi private equity / emz partners / bpifrance
FAQ
What transaction does this page cover?
How was the acquisition of Nexteam by EMZ Partners valued, and what multiples were paid?
What were Nexteam’s revenue and EBITDA at the time of the deal?
How does the valuation of Nexteam compare to benchmarks in the Industry & Manufacturing sector?
What sources support the information on this transaction?
What is mynth?