Following a sale process that attracted strong interest, DDA & Company is proud to announce that B & Capital, a French private-equity firm backed by Roland Berger, acquired a stake in Steliau Technology, in an LBO deal with the support the management.
Following a competitive auction process led by DDA & Company, B & Capital acquires a stake in Steliau Technology alongside the founders, Stéphane Jouannaud, Lionel Girardot, Aurélien Bergé, and Pascal Reynoud which joined the company as CEO in 2018. Sponsors since 2016, Isatis Capital and Siparex Intermezzo fully exit.
Steliau Technology is a valued-added reseller of electronic components whose offering encompasses the following segments: Displays & Touch Panel solutions (touchscreens, integrated human machine interfaces), Connectivity (cellular routers, embedded modems), Thermal solutions (heat dissipaters, fans and thermal interfaces), Embedded systems (embedded cards, industrial PC cases), Connectors & Cables (electrical connectors), mechanical integration and power supplies.
Steliau Technology liaises directly with its clients’ R&D departments, at early stage of the project to offer them tailored products and solutions. The Group enjoys a broad customer base from a large variety of sectors, such as Transportation, Industry, Consumer Goods, Healthcare and Retail.
A €100-million target revenue
Steliau Technology was created in 2017 following the acquisition of Astone Technology by Silfox. This transaction enabled the Group to reach critical size, with €42M revenues expected in 2019 and to take advantage from a significative potential for commercial synergies.
Steliau Technology’s management is eager to complete new external growth acquisitions and keep on broadening the Group offer, improving technical expertise and entering foreign markets.
Idinvest Partners and CM-CIC Private Debt set-up a unitranche debt facility.
- Idinvest Partners (Nicolas Nedelec, Olivier Sesboüé, Victoire Vanheuverswyn)
- CM CIC Private Debt (Nicolas Offroy, Antoine Guérillon)
- Legal advisor: DLA Piper (Maud Manon)