Go to deals
Aerospace, Defense & Security | Private Equity

REFLEX CES has announced its secondary LBO backed by CM Equity and Definvest (BPI France)

Crédit Mutuel Equity and Definvest have jointly acquired a partial stake in REFLEX CES, a French designer and manufacturer of high-speed boards and rugged system solutions based on high-density FPGAs and embedded processors for the defense, cybersecurity and other industries.

REFLEX CES started its activities of designing and manufacturing high-speed boards and rugged system solutions based on high-density FPGAs and embedded processors in 2000. The company is recognized today as an expert in the design and manufacture of complex electronic systems based on embedded electronics boards and systems for the aerospace and defense markets. REFLEX CES provides standardized on-the-shelf as well as partially and fully custom-made products.

This transaction pursues two main goals: offer an exit to MBO&Co, and the need to find a new PE partner alongside the company’s management to ensure the ongoing development, notably through acquisition projects.

Oaklins’ aerospace & defense team in France assisted the company’s management and MBO&Co throughout the sale process. The team successfully secured the equity funding with these two funds. In the meantime, Oaklins also secured the bank loan funding, brought by a consortium of four banks and completed by a private-debt investor, thus confirming its expertise in both equity raising and debt financing.

Parties
“I would like to thank the team at Oaklins, who accompanied us with professionalism and dynamism in our capital restructuring alongside Crédit Mutuel Equity and Definvest. They have also demonstrated their creativity in structuring a package that best suits the expectations of each party.”

Sylvain Neveu

CEO, REFLEX CES

Talk to the deal team

Raphaël Petit

Managing Partner
Toulouse, France
Oaklins France

Sophie Zanella

Associate Director
Toulouse, France
Oaklins France

Related deals

Ñaming, SL has been acquired by DeA Capital S.p.A.
Private Equity | Food & Beverage

Ñaming, SL has been acquired by DeA Capital S.p.A.

Spain’s leading producer of sandwiches, fresh and ultra-fresh products, Ñaming, has sold a majority stake to Italian fund DeA Capital.

Learn more
UniKidz has partnered with Karmijn Kapitaal
Private Equity | Consumer & Retail

UniKidz has partnered with Karmijn Kapitaal

Karmijn Kapitaal has acquired a majority stake in UniKidz, a talent development organization that provides a scientifically-based developmental approach through high-quality childcare. Through the partnership with Karmijn Kapitaal, UniKidz can take the next step in bringing their unique concept to even more children.

Learn more
INNOTEX has been acquired by Clearspring Capital Partners
Private Equity | Other Industries

INNOTEX has been acquired by Clearspring Capital Partners

INNOTEX, a manufacturer of personal protective equipment for firefighters and first responders, has completed a strategic partnership with Clearspring Capital Partners.

Learn more