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Elaïs Capital makes equity investment in France Elevateur

A private equity fund managed by Elaïs Capital on behalf of eight family investors has become the main shareholder of France Elevateur alongside Stéphan Pham,  Argos Expansion, Capital Export and the firm’s management team.

Through the deal, France Elevateur has also secured financings to roll-out its expansion plans for the next five years.
 
France Elevateur was founded in 1986 and is now the leading French manufacturer of aerial lifts. The group currently employs over 200 persons and generated revenues of EUR41 million in 2013. Its customers include the main operators of aerial networks (energy, railways, telecom and utility service providers) as well as local authorities
 
With eight facilities in France, seven in Germany and one in Belgium, France Elevateur owns the largest network of maintenance and customer service agencies in Europe. The group now intends to develop its operations abroad, initially with its range of specific products and then with its entire product range.
 
The management team of France Elevateur is being reinforced by Stephan Pham who becomes CEO of France Elevateur. Pham was previously CEO of Trigo, a provider of quality inspection and management services.
 
Pham says: “For 10 years, France Elevateur has positioned itself in highly demanding markets with premium, differentiated products. The group has gained a strong image and benefits from unique strengths to capture several market opportunities in France and abroad.  I am very proud to take the responsibility of leading this exciting project.”
 
Thibaut de Chassey, managing partner of Elaïs Capital, says: “France Elevateur fits perfectly with our strategy of investing in growing private midmarket companies on behalf of our client base of family investors: the group is a clear industry leader in its home market, with a unique innovation record and attractive growth opportunities throughout Europe. We are delighted to support this management team who is highly regarded in its market”.
 
Created in 2014 by de Chassey with the support of Bucephale Finance, Elaïs Capital is the first French private equity firm specifically created to provide a direct investment offer to major private investors. Elaïs Capital will complete equity and equity-related investments, as a controlling or significant minority shareholder, in French-based private SMEs with an enterprise value of EUR20 to EUR100 million.

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