SEAT Ventilation has been acquired by the management team and Capital Export
December 2022 — Ciclad has sold its stake in SEAT Ventilation to the management team and Capital Export.
SEAT Ventilation is a leading French company specialized in designing, manufacturing and distributing polypropylene fans. The fans allow the extraction of gases and corrosive vapors, possibly under ATEX (explosive atmosphere) or XP (xplosive-proof) constraints in the US. SEAT Ventilation supplies laboratories, universities, the chemical industry, water treatment companies and hospitals.
Founded in 2010, Capital Export is an independent investment fund dedicated to growing export companies. The firm supports firms with distinctive know-how, providing them with capital to initiate or accelerate their international expansion and operational support in their export strategy (identification and financing of foreign acquisitions, search for business partners, local correspondents and experts worldwide, recruitment, and setting up international grants and subsidies). With US$300 million under management, Capital Export has 16 companies in its portfolio.
Ciclad is a long-standing, independent private equity investor supporting the growth of small and mid-sized companies in France and abroad. Founded in 1988, Ciclad is an experienced group that has invested alongside more than 160 executives and management teams. It is involved in buy-outs and capital strengthening, particularly complex transactions such as MBin, spin-offs and carveouts, in contexts of strong development – organic growth and build-up – and turnarounds. Ciclad has a team of 19 professionals whose common objective is to provide support to companies’ success stories.
Our role in the transaction
Oaklins’ team in France assisted the shareholders of SEAT Ventilation in their search for a new financial partner to allow Ciclad to exit and to reorganize the group’s capital around its CEO, Jean-Jacques Gaudiot. All employees were offered to invest in the new LBO and are now shareholders.
Talk to the deal team
Related deals
Valuation advisory has been provided to a co-investor in VDK
EMK Capital has transferred VDK Groep B.V. from EMK Capital Partners Fund I into the newly established US$1.4 billion single-asset continuation fund, the EMK VDK Partnership Fund, alongside a co-investment from EMK Capital Partners Fund III. The transaction, co-led by LGT Capital Partners and Coller EQT, provides existing investors with the opportunity to retain their exposure to VDK while securing additional capital to support the company’s continued growth and buy-and-build strategy.
Learn moreBe-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Learn moreMattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn more