ITESA was accompanied by Edmond de Rothschild Investment Partners since December 2012. He began a new phase of its development with CM-CIC Investment, which takes a minority position in the capital of the group.
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Family group created in 1978 and directed since 1997 by Olivier Pagès, ITESA figure among the French leaders in the distribution of electronic equipment of safety to installers and system groups in electrical engineering. Based in Marseille, the group relies on a network of their own of 13 branches, including 12 in France. ITESA has a know-how differentiating on technical assistance and logistics, highly sought after by its customers. The group, which currently employs a hundred people, has completed in 2016 a turnover of 37.2 M 18.0 M over four years ago.
Entered the capital of the group in 2012, on the occasion of an operation of OBO, Capstan balance a route marked by four years of strong growth, and a diversification of the products and brands distributed. Under the leadership of Olivier Pagès, the group has managed to climb to the first place of independent distributors in its segment.
Alexandre Foulon, Associate Director at Edmond de Rothschild Investment Partners : “We are very pleased to have accompanied Olivier and his team during these past four years. ITESA has perfectly carried out its development plan, with strong organic growth and patterning of the central features of the relevant .”
Olivier Pagès, President of ITESA : “I thank Edmond de Rothschild Investment Partners for their support and professionalism during its investment. ITESA now opens a new page in its development with the entry of a new financial partner, allowing the management team to increase its participation in the capital of the group. ”
The financing of the operation is complemented by a senior debt arranged by Crédit du Nord (SMC) and the Caisse Régionale du Crédit Agricole Alpes-Provence.
About Edmond de Rothschild Investment Partners
Edmond de Rothschild Investment Partners is a benchmark of the investment is not rated. Its strategies are of benefit to the companies in which it invests, investors who put their trust in him, and his collaborators, who share its values of respect and commitment.
Edmond de Rothschild Investment Partners manages more than 1.7 billion around life sciences (BioDiscovery), capital development and transmission (Winch Capital in mid cap and Capstan Capital in small cap) and mezzanine debt (ActoMezz). Edmond de Rothschild Investment Partners will continue its fundraising on its segments present in the course of the next few months, with the lifting of BioDiscovery 5 and ActoMezz3 to bring its assets under management to more than 2 billion.
Capstan is the team dedicated to the segment the small cap Capital Development-communication with a team of 9 investors and € 425 million under management through multiple vehicles and, in particular, Capstan winch Capital 2, its latest fund of € 170 million raised in July 2016. The investment by operation of its vehicles varies between 4 and 10 million euros in the first round and up to 17 million euros in case of reinvestment. The investment strategy is based on the participation in the business of strengthening of own funds, reclassification of securities or transmission in growth companies, cost-effective, in all sectors of the French economy.
For more information : www.edrip.fr
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