TKH Group has sold a majority stake in CAE Groupe to Argos Wityu
CAE Groupe
Headquartered in Villabé, France, CAE Groupe is the leading designer and distributor of low-voltage cables and connectivity solutions for the smart building markets (tertiary and residential) as well as for high demanding environments such as industrial, transportation, energy and entertainment. CAE’s extensive inhouse capabilities, from the conception and design of branded connectivity solutions to the direct distribution of its products to a diversified customer base, combine technical know-how, client intimacy and flexibility. CAE offers a differentiated value proposition, combining a one-stop-shop solutions approach with a deep product portfolio, expertise, high-quality products and comprehensive services.
The Deal
Founded in 1987, CAE joined Argos Wityu. The transaction is based on an enterprise value of more than €118 million, with TKH Group reinvesting part of its proceeds to acquire a minority stake of 40%. Leveraging its unique business model of combining design and distribution, and with the full support of Argos, CAE is poised to further penetrate its market, develop additional vertical markets and gain market shares internationally. Lincoln International acted as the exclusive financial advisor to CAE’s shareholders. Lincoln led a competitive process involving both financial sponsors and strategic acquirers able to support CAE’s organic and inorganic growth ambitions.
Our Perspective
Dominique Lecendreux, Lincoln International Managing Director who led the transaction, commented, “CAE has become the European leader in the low-voltage connectivity market under the leadership of its founder and the full support of TKH. We remain impressed with CAE’s successful development and are delighted to have advised its shareholders and management throughout this important transaction and to have selected the most suitable investor to partner with TKH to take CAE to the next level.”
Lincoln’s deep domain expertise in connectivity solutions and in the distribution space were instrumental to our successful sale process. The entire Lincoln team delivered valuable advice from day one with total client-oriented dedication and precise process execution.
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