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.
In the past, the company underwent an LBO led by Tikehau Capital in 2018, and continued an active consolidation strategy by notably acquiring Ucelia (2026).
NEXTEAM, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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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.
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 250M - 500M EUR
EBITDA range: 50M - 100M EUR
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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