Atherm has been acquired by APICAP and a manager
The private shareholder of Atherm has sold the company to APICAP and to Romain Lecot, the new manager. Financial details will remain confidential.
Founded in 1988, Atherm is a French leading manufacturer on the market of electrical immersion heaters and is also a main actor on the coolers market, with its cold plates and heat pipe systems. The company, through its two divisions, provides solutions for cooling or heating in extreme conditions, in particular thermal design, mechanical design and engineering, in the medical, military and transport sectors. Atherm serves directly customers located in Europe, Asia, North America, Australia and New Zealand, and has two subsidiaries in China and in India to cover local demand.
Apicap, following the merger between OTC and Agregator Ardens, is a private equity benchmark player that finances and supports French SMEs with turnover between US$1–50 million. The firm's portfolio includes 127 SMEs and the company manages 39 investment vehicles for approximately US$500 million of invested assets.
The former shareholder has reinvested in the new structure.
Oaklins' team in France advised the seller in this transaction.
Talk to the deal team
Related deals
Sun European Partners has secured financing to support its acquisition of B&H Worldwide
Sun European Partners has raised debt facilities to support its acquisition of B&H Worldwide.
Learn moreParcom has sold Krifon to Varro
Krifon AS, a leading Nordic B2B distributor specializing in home and garden products, has been acquired by Varro. The transaction marks a new chapter for the company as it continues to strengthen its position as a trusted category partner to leading DIY chains, garden centers and furniture retailers in Norway.
Learn moreImenco Aqua has been acquired by AIS
Advanced Innergy Holdings Ltd. (AIH, trading as AIS) has entered into a definitive agreement to acquire 100% of the shares in Imenco Aqua AS and Imenco Chile SA, together referred to as Imenco Aqua, a global supplier of aquaculture technology solutions based in Norway and Chile.
Learn more