MCH PRIVATE EQUITY & EURAZEO take majority stake in Fermax

The investment fund MCH Private Equity, acting in partnership with its parent organization Eurazeo, finalized an agreement in March 2023 to acquire a majority stake in Fermax, executing a primary buyout transaction to accelerate the company's international commercial rollout. The target generated a turnover of prior to the investment. Under the negotiated equity arrangement, the executive management team led by Chief Executive Officer Jeremy Palacio remains fully at the operational helm of the business and maintains an equity participation to align managerial interests throughout the strategic cycle. From an industrial perspective, the strategic thesis behind the majority recapitalization focuses on capitalizing on structural trends in smart building infrastructure, residential connectivity, and digital access control solutions. The new majority shareholders aim to leverage their international operational platforms to scale the company's commercial sales footprint, with a designated strategic focus on accelerating penetration across priority European markets including France. The capital allocation program is designed to finance continuous innovation in connected hardware, expand digital commercialization channels, and evaluate targeted bolt-on acquisitions across complementary European markets. The financial parameters, exact enterprise valuation, and transaction multiples were not publicly disclosed by the parties.