Wagram assisted Novarc Group and its shareholders in the sale of a minority stake to CAPZA Expansion as a new reference minority shareholder. CAPZA Expansion joins the pool of historical investors composed of Bpifrance, BNP Paribas Développement and CASRA Capital, which are reinvesting alongside CAPZA Expansion. As part of this transaction, Amundi Private Equity Funds is selling its stake.
This transaction aims at backing the Group, which operates internationally around two activities (electrical safety equipment and maintenance products for the automotive and industrial sectors), in its “CAP 2025” strategic plan.
Founded in 1993, Novarc has historically developed in the electrical safety market (design, manufacture and distribution of equipment for operators working on low, medium and high voltage networks) and then, it gradually diversified into the market of premium maintenance products for the automotive and industrial sectors. The group has a high-profile reputation, mainly thanks to a sustained product innovation strategy and privileged partnerships with its main customers.
Based in the French region of La Drôme, Novarc manufactures most of its products in France and Germany and markets them worldwide. The Group achieved a turnover of around €200 million in 2020, almost half of which was generated internationally.
Positioned as a leader in expanding niche markets, the Group has recorded a growth of more than 10% per annum over the last ten years. As part of its “CAP 2025” plan, Novarc’s ambition is to double its turnover with the involvement of CAPZA Expansion and its historical shareholders, an objective that the Group hopes to achieve through an extension of its product offering and a sustained acquisition strategy in France and Europe.
“We are very pleased to welcome CAPZA Expansion alongside our historical shareholders Bpifrance, BNP Développement and CASRA Capital, with whom we have achieved our “CAP 2020″ objective.
CAPZA Expansion’s international network, its expertise in build-ups and its willingness to be an active and benevolent partner over the long term convinced us to choose them, as we move forward together towards our new strategic plan.” Jean-Noël Rey, CEO of the Novarc Group
Wagram acted as exclusive sell-side advisor to Novarc Group on the sale of a minority stake to CAPZA Expansion.