Omers Private Equity* has entered into exclusive negotiations with Ardian** with a view to acquiring a majority stake in Trescal.
The transaction, which values the company at around €670 million, is backed by Trescal management led by CEO Olivier Delrieu. Visit senior management of Trescal will reinvest alongside Omers Private Equity. Completion of the transaction is subject to certain conditions, including approval by the competition authorities and signature of a final agreement.
Ardian invested in Trescal in 2013 and has continually supported its organic growth and international acquisition strategy. During this period, Trescal made a large number of acquisitions and saw its sales reach €270 million.
Omers Private Equity will support management and employees in the future development of Trescal through strategic acquisitions in this large and still highly fragmented sector.
Jonathan Mussellwhite, co-head of Omers Private Equity in Europe, says: " We've been following Trescal since 2014 and have been impressed by the quality and track-record of the management under Olivier Delrieu. This is our third consecutive proprietary transaction and our first investment in France; an important market for us as we continue to expand our international footprint. We look forward to supporting Olivier and the team as they develop into the international market leader in metrology services. "
Thibault Basquin, Managing Director at Ardian Mid Cap Buyout, adds: " I would like to thank Olivier Delrieu and his team for the quality of our partnership. With over 25 acquisitions, Trescal has doubled in size and become a global player with a presence on every continent. We are proud of these achievements, which perfectly illustrate the transformation strategies we like to support. "
Olivier Delrieu, CEO of Trescal, comments: " With Ardian's support, Trescal has extended its presence to new continents (America and Asia), making 25 acquisitions worldwide and strengthening its service offering. We sincerely thank them for their ongoing support, availability and enthusiasm. The Omers Private Equity team has demonstrated a very good knowledge of our company and a genuine interest in our future development. We are counting on Omers to support our growth and strengthen our international leadership. We are convinced that they will be the right partners to support us in our strategy and continue to improve the quality of the services we offer our customers. "
* Activity dedicated to investment in private equity of the Canadian pension fund Omers
** Independent private equity company
Learn more: www.trescal.fr