Nexteam Group, a major player in the machining of complex and hard metal parts for the aviation and space industries, welcomes the investment and alternative asset manager Tikehau Capital as a shareholder, alongside Nexteam’s own management.
Tikehau Capital invests €114m in Nexteam Group
Pending approval from the French competition authority, this minority stake, alongside Nexteam Group’s management, will support the company’s future development.
Nexteam Group is a French company specialising in precision mechanics and the machining of complex and hard metal parts for the aviation, aerospace and defence industries. With 900 employees, Nexteam Group generates annual revenues of about €150m. The company has six production units in France, one unit in Poland, and one unit in Romania. Nexteam is aiming to reach over €500m in revenues by 2023 through developing its international presence and leveraging the industry’s top talent.
Tikehau Capital, its minority private equity fund for mid-sized growth companies (TGE II), and the NOVI fund are investing €114m in Nexteam Group.
Ludovic Asquini, President of Nexteam Group said:
“Nexteam has a clear strategy and a strong team to implement it. Tikehau Capital’s entrepreneurial DNA and its understanding of our market makes it a natural new partner. Their investment will allow us to match our ambitions for the Company.”
Antoine Flamarion, co-founder of Tikehau Capital said:
“This investment in Nexteam Group further demonstrates Tikehau Capital’s ambition to support companies with the very highest potential. We are delighted and proud to support its management to accelerate the momentum of Nexteam Group’s growth.”