Management, Siparex and private shareholders have sold a minority stake of Texelis to Ouest Croissance, Bpifrance, IRDI Capital Investissement and Caisse d’Epargne

Texelis

Headquartered in France, Texelis benefits from over 50 years of technological and industrial expertise in heavy vehicle mobility solutions. The group is strategically positioned on both defense and public transportation markets which are experiencing sustainable and growing demand for new mobility solutions as well as heavy maintenance and upgrade for ageing vehicle fleets. Texelis benefits from vertically integrated operations, available capacity, and delivers solid operational performance that upholds rigorous ESG standards. In the recent period, Texelis managed to significantly expand its capabilities to become a successful designer and supplier of complete mobility platforms, seamlessly integrated within OEM platforms in the defense and public transportation sectors.

The Deal

Following the 2018 management buyout (MBO) that enabled management to take control of Texelis, the group saw significant growth, reaching strong revenue in 2023. This new MBO strengthens management ownership and brings in new investors to support the group’s robust growth, now based on two balanced activities. Numerous development projects are underway, focusing on hybridizing mobility systems and developing new platforms in rail and defense sectors.

Our Perspective

Charles de Fels, Lincoln International Managing Director who led the transaction, commented, “Texelis has become the European leader in advanced mobility solutions for heavy-duty vehicles operating in the attractive defense and public transportation markets. We remain impressed with Texelis’ successful development as well as its unique engineering capabilities including in hybridization and are delighted to have advised its shareholders throughout this important transaction and selected the most suitable investors to partner with management to take Texelis to the next level.”

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