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Mecadaq and Activa acquire Marignier

Six months after creating a consolidation platform in the aeronautical subcontracting sector, Mecadaq Group and Activa Capital have acquired RBDH Marignier, a manufacturer of precision-made gearings with a turnover of EUR8 million.

Located in the Arve Valley, Marignier is an independent subsidiary of the industrial group RBDH. 
 
Its revenues have grown in recent years, notably thanks to partnerships with leading clients such as Zodiac Aerospace, Somfy, Dura Automotive Sytems, Alkan and Hutchinson.
 
Mecadaq Group has a turnover of EUR20 million in aeronautical subcontracting, mainly from high-precision aerostructural manufacturing, such as aircraft doors for civil aircraft manufacturers Airbus and Boeing.
 
Marignier is Mecadaq’s first build-up acquisition. The operation was fully financed by bank acquisition finance put in place by Activa Capital during the LBO of December 2015, organised alongside the management team of Mecadaq Group.
 
Mecadaq Group is currently in talks with several other subcontractors in order to grow by size and productivity.
 
Julien Dubecq, president of Mecadaq Group, says: “We are delighted to be able to welcome the Marignier team to our ambitious growth programme. The team has shown that they possess high quality expertise that will allow cooperation and development with the Mecadaq team. Secondly, we have been able to confirm with clients and potential clients that this merger represents genuine industrial and commercial strengths.”
 
Benjamin Moreau, partner at Activa Capital, adds: “This operation, which is the first stage of the consolidation project we launched six months ago, is witness to the partnership between an industrial group and a financial partner. In effect, in an open sale process, we were able to distinguish ourselves thanks to the reputation and credibility of our industrial project, while showing our capacity to finance and complete the investment with minimal delays.”

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