Sectors Expertise

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.

MAN Diesel & Turbo SE, based in Augsburg, Germany, is part of the MAN group, in turn part of the VW Group. MAN Diesel & Turbo SE is the world’s leading provider of large-bore diesel engines and turbomachinery for marine and stationary applications. It designs two-stroke and four-stroke engines that are manufactured both by the company and by its licensees. The engines have power outputs ranging from 450 kW to 87 MW. MAN Diesel & Turbo also designs and manufactures gas turbines of up to 30 MW, steam turbines of up to 150 MW and compressors with volume flows of up to 1.5 million m³/h and pressures of up to 1,000 bars. The company employs around 14,500 staff at more than 100 international sites, primarily in Germany, Denmark, France, Switzerland, the Czech Republic, India and China. MAN Diesel & Turbo is a company in the Power Engineering business area of MAN SE.

100% subsidiary of MAN Diesel & Turbo SE, Société de Mécanique de Précision de l’Aubois (SMPA) manufactures precision parts and sub-assemblies and high added value hydro-mechanical components to the most exacting standards, for the marine, energy and nuclear markets.

MAN Diesel & Turbo SE mandated Wagram Corporate Finance in order to organize a selling process dedicated to strategic acquirers.

With this acquisition, Groupe R-Meca based in Toulouse, a French specialist in the manufacturing of precision components for the aerospace industry is integrating new competencies and markets to address the future of SMPA.

Wagram served as exclusive financial advisor to Man Diesel & Turbo in this disposal of 100% equity interest to R-Meca Group.

Austria Email AG is the Austrian market leader in upmarket water heaters with 75 years of experience in enameling technology. Thanks to the “Industrial & Business Services” sectors specialists of Advior, Wagram was able to identify Austria Email as a possible acquisition target and was cornerstone to unlock the situation for Groupe Atlantic.

Wagram Corporate Finance has been able to advise Groupe Atlantic in the acquisition of a strategic foreign asset through a bilateral transaction.

Wagram was exclusive advisor to Groupe Atlantic with its Advior German Partner.