Founders and Société Générale Capital Partenaires, Isatis and bpiFrance have sold a majority stake in Milexia to Crédit Mutuel Equity

Milexia

Headquartered in Saint-Aubin, France, Milexia is a pan-European leader, specializing in the value-added distribution of electronic components, subsystems and scientific instrumentation, addressing mainly the defense and space sectors, but also the civil industry. Milexia manages an extensive portfolio of fully complementary electronics solutions including radiofrequency and microwave, embedded systems, power, timing and satcom. As a value-added distributor, Milexia has developed a highly technical value proposition and assists its loyal customer base in the selection and design of electronic components and sub-assemblies intended for blue-chip industrial companies operating in various high-end sectors.

The Deal

Born from the merger of two (French and Italian) distributors, Milexia has continued its development with a successful buy-and-build strategy including in Spain, the UK and Germany. Leveraging its unique European footprint and value-added business model and with the full support of Crédit Mutuel Equity, Milexia is poised to further consolidate the fragmented European electronics distribution market. Lincoln International was mandated to act as the exclusive financial advisor to Milexia’s shareholders. Lincoln led a highly competitive process involving only financial sponsors able to support Milexia’s organic and inorganic growth ambitions. The transaction will remain subject to the approvals of the relevant regulatory authorities.

Our Perspective

Géraud Estrangin, Managing Director in Lincoln’s Paris office, commented, “Milexia is an excellent example of the successful emergence of a European leader in the electronic distribution market through the combination of companies led by entrepreneurs. We remain impressed with Milexia’s successful development and are delighted to have advised the founders, financial sponsors and management in this important transaction and to have found the most suitable shareholder to take Milexia to the next level.”

Crédit Mutuel Equity

Crédit Mutuel Equity groups all the private equity activities of Crédit Mutuel Alliance Fédérale: capital development, capital transmission / transfer and capital innovation. The firm provides capital support to directors, at all stages of the development of their company – from start-up to transfer – by giving them the resources and time required to implement their transformation projects. Crédit Mutuel Equity boasts more than 350 directors who share their convictions and questions within a real network of entrepreneurs, which offers everyone, regardless of the nature of their project, the assurance of benefiting from the experience of others. By investing its own capital (€4 billion), Crédit Mutuel Equity finances companies’ projects with timelines that are adapted to their development strategy, in France, Germany, Switzerland and Canada.

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