mynth
06/2026

EMZ PARTNERS, BPIFRANCE & AMUNDI PRIVATE EQUITY invest in NEXTEAM

FRANCE Aerospace, Naval & Defense / Aerostructures EV 500M - 1.5b EUR

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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Industry & Manufacturing sector (10.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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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Historical Financials (EUR)

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Other operations with NEXTEAM

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
02/2026NEXTEAMUCELIAFRANCEAerospace, Naval & Defense

Nexteam acquired Ucelia from Noe Industries in a competitive auction process involving both industrial players and private equity funds. The transaction was closely monitored by the French State due to the target's strategic role in the Rafale fighter jet supply chain. The acquisition allows Nexteam to consolidate the fragmented sand-casting market, creating a dedicated division with €70 million in revenue. For the sellers, the deal marks a successful three-year turnaround cycle, delivering a significant valuation step-up.

05/2018TIKEHAU CAPITALNEXTEAMFRANCEAerospace, Naval & Defense

Tikehau Capital invested €114 million in Nexteam Group to support its ambitious "2023" strategic roadmap. This minority investment, made alongside the existing management team, provides the group with the financial resources to accelerate its international development and consolidate its market position. The strategic goal is to transform Nexteam into a global leader with over €500 million in revenue through a combination of organic growth and targeted acquisitions. The partnership leverages Tikehau's deep understanding of the aerospace supply chain and its international office network to assist Nexteam in capturing new development opportunities.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: nexteam

Acquirer: amundi private equity / emz partners / bpifrance