Go to deals
Private Equity | TMT

Survision has been acquired by Capital Export alongside its management

December 2025 — Ermic has sold its subsidiary Survision through a management buy-out backed by Capital Export. This new investor will support the emergence of a pan-European player in the LAPI market, while backing Survision’s organic growth and consolidation strategy.

Founded in 2001, Survision is a leading provider of vehicle identification technologies and license plate recognition (LPR) solutions, serving the transportation, mobility and security sectors in more than 36 countries. The company’s proprietary camera and software solutions deliver speed, accuracy and reliability to partners across parking, access control, tolling and smart mobility ecosystems.

Capital Export supports innovative French companies with distinctive technical or technological expertise in their internal, external and international growth.

Ermic designs, industrializes and markets complete electronic system solutions installed in harsh environments. The group operates in four areas: mobility and infrastructure, defense and security, meteorology and building comfort and energy efficiency.

Our role in the transaction

Oaklins’ team in France served as the exclusive financial advisor to Ermic’s shareholders to structure and execute the carveout of Survision. In a highly competitive process, the team supported the company in identifying and approaching qualified financial investors able to finance and sustain the next phase of development, provide full liquidity to current shareholders and strengthen management participation in the share capital. The team also advised Ermic’s shareholders on debt aspects of the transaction. Oaklins’ debt advisory team also led the negotiation and securing of the LBO structured loan.

Parties
“Oaklins supported us end-to-end throughout this carveout transaction, and we truly enjoyed working with such a highly professional, committed and efficient team — not to mention they were genuinely pleasant to work with.”

Robert Bousquet

CEO, Ermic

Talk to the deal team

Raphaël Petit

Managing Partner
Toulouse, France
Oaklins France

Armelle Brossard Laborderie

Partner
Paris, France
Oaklins France

Théau Roux

Director
Toulouse, France
Oaklins France

Stanislas Wasier

Associate Director
Toulouse, France
Oaklins France

Rémi Bleines

Analyst
Toulouse, France
Oaklins France

Related deals

GroGlass has been acquired by Apogee Enterprises
Private Equity | Other Industries

GroGlass has been acquired by Apogee Enterprises

Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.

Learn more
Capvis has sold hessnatur to Wourth Group
Private Equity | Consumer & Retail

Capvis has sold hessnatur to Wourth Group

Hess Natur-Textilien GmbH & Co. KG has become part of the international Wourth Group. With the change of ownership from Capvis to Wourth Group, hessnatur is entering its next phase of development. The transaction reflects the company’s successful strategic and business development in recent years, and creates a strong foundation for the future.

Learn more
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Private Equity | Business Support Services

Nymann Kloak- & Miljøservice has been acquired by Serwent Group

Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.

Learn more