Case study

Anaveo has been acquired through an LMBO by Bridgepoint Development Capital

Anaveo, a French provider of electronic security solutions to small and medium sized businesses, has been acquired by Bridgepoint Development Capital (BDC), through an LMBO, from its majority shareholder (M. Paul Surand) and minority financial investors (CM CIC, Garibaldi Participations and Viveris), for an undisclosed sum.

Established in 1995 and headquartered in Lyon, Anaveo specializes in security solutions such as video surveillance, security access control and intrusion detection. All solutions are devised and designed by the company's in-house R&D team. Its security systems have been installed at over 8,000 sites throughout France.

BDC is focused on buyouts and growth capital investments, typically in businesses with an enterprise value of between US$20–150 million. Olivier Nemsguern, head of BDC France, commented: "Anaveo's differentiated expertise, product reliability and ease of use have enabled it to outperform the market, with double digit organic growth. This sector remains highly fragmented, providing an exciting opportunity for Anaveo to increase market share and extend its reach to the corporate and local authority sectors." 

Paul Surand, founder and majority shareholder of Anaveo, said: "Anaveo has delivered an impressive annual growth rate of 25% over the past 15 years and is now the preferred partner of SMEs for their security solutions. BDC has a strong strategic understanding of the company and its environment. With them as our new majority shareholder, Anaveo is strongly positioned to take up new, ambitious challenges." Anaveo chief executive, Gregory Louis, added: "The support offered by our partnership with BDC will enable us to accelerate Anaveo's development in many new market segments, both organically and through a buy and build strategy."

Oaklins' team in France advised the seller in this transaction

Tombstone image for Anaveo has been acquired through an LMBO by Bridgepoint Development Capital

Key deal contacts

Thibaut de Monclin


Managing Partner

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Amara Mahroug



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