NEXTEAM acquired by TIKEHAU CAPITAL

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 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.