vulcain ingénierie expands its activity into the pharmaceutical industry

VULCAIN INGÉNIERIE EXPANDS ITS ACTIVITY
INTO THE PHARMACEUTICAL INDUSTRY
Paris, November 2nd, 2016 - Following the acquisition by NiXEN in 2014 of a majority interest in the
company, Vulcain Ingénierie announces its expansion into the pharmaceutical industry through a
strategic acquisition.
After two already completed build-ups during the 1st half of 2016, Vulcain Ingénierie pursue its development
strategy with the acquisition of Consultys, the French leader in engineering consulting specialized on the
pharmaceutical and biotechnology sectors.
Since its creation in 2005, Consultys has experienced an outstanding growth path with an increase of its
turnover in the range of 20% per year over the last years, such a growth mostly relying on the accompaniment
of leading pharmaceutical laboratories’ projects, in France and abroad.
This operation enables Vulcain Ingénierie to expand its activity on a business sector sharing similar technical
issues, and to confirm its market positioning as a specialist. Thanks to this 3rd operation and an intense organic
growth, Vulcain will have doubled its size during the last 24 months.
“Since 2014, with the support of NiXEN, Vulcain has reinforced its position in the energy sector and notably in the nuclear
industry, bringing competences and specialist consultants into the biggest industrial projects of this industry. Such a tieup with Consultys is a new step in our development and provides Vulcain with the opportunity to sustain its future
growth via a new sectorial expertise” explain Alban Guilloteau and Frédéric Grard, Managing Directors of Vulcain
Ingénierie.
The development plan of the new whole relies on the intensification of its presence alongside its top clients,
particularly in France and Belgium, and on the continuation of the international development started over the
last years by both companies.
“Beyond the business relevance of this 3rd operation for Vulcain in 2016, this acquisition brings closer two companies
sharing the same organic growth levers: reinforcement of their presence alongside existing top clients, areas of expertise
expansion and international development”, said Jean-Paul Bernardini, CEO of NiXEN.
In the course of this build-up, Vulcain has decided to adjust its financing structure, in order to better handle
strong growth prospects, by the setup of a unirate debt structured by Idinvest teams.
“The acquisition of Consultys has offered the opportunity to build with Idinvest, Vulcain mezzanine lender since 2014, a
solution to increase its financing capabilities, in a context where numerous external growth opportunities remain open to
the Group” added Johann Le Duigou, Partner of NiXEN.
NiXEN Partners – Société par action simplifiée au capital de 3 267 880 euros – 432 413 565 RCS Paris – 153, rue du Faubourg Saint-Honoré 75008 Paris
France – Tél : 01.75.77.46.00 – Fax : 01.53.75.47.06 – www.nixen.com – N° d’identification intracommunautaire : FR52 432 413 565 – Société de gestion
de portefeuille – Agrément AMF n°GP03017
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CONTRIBUTORS
NiXEN Partners
Jean-Paul Bernardini, Johann Le Duigou, Laurent Brossaud-Monty
Initiative & Finance
Matthieu Douchet, François Golfier
Vulcain Ingénierie
Alban Guilloteau, Frédéric Grard, Bertrand de Belmont
Consultys
Florent Jean, Philippe Hoernel, Pierre Gourion
Idinvest Partners
François Lacoste, Nicolas Nedelec, Valérie Ducourty, Olivier Sesboüé,
Sorian Abouz
Thomas Maitrejean, Adrien Paturaud, Thomas Dupont-Sentilles, Hind
Badreddine
David Danon-Boileau, Arnaud Sergent, Ahmed Kadri, Philippe Gorge
Olivier Boumendil, Antoine Bernabeu, Pierre Ekel, François Magni,
Isabelle Donis, Daniel Halbron
Bertrand Araud
Goodwin (Corporate, Financing)
LEK (Strategy Due Diligence)
KMPG (Accounting & Financial Due
Diligence)
STC Partners (Tax Structuring, Legal, Tax
& Social Due Diligence)
Marsh (Insurances Due Diligence)
Ixa Avocats (Seller Lawyer)
Paul Hastings (Financing Lawyer)
Kerius Finance (Hedging Strategy)
Jean-Marie Dargaignaratz
Sylvain Lagneaux, Nacera Djaafar
Mounir Letayf, Adeline Tieu-Roboam, Aladin Zeghbib
Sébastien Rouzaire
ABOUT NiXEN
An independent management company, NiXEN accompanies French SME and mid-market companies in their
strategic and equity growth as part of majority buyout operations. NiXEN invests more than €10 M per
transaction in companies with revenues over €40 M and intervening in its three sectors of expertise: health,
services and specialized retail. As a responsible and committed investor, NiXEN establish strong and authentic
partnerships with these companies, bringing them an experienced team with a development focus, notably on
build-ups and in the international arena, pursuing a shared goal to create value.
Main portfolio companies: Buffalo Grill, Babeau-Seguin, Carré Blanc, La Grande Récré, Vulcain, weave.
Main former portfolio companies: Labco, Vedici, Asteelflash, Ceva, Newrest, CTM Style.
To learn more: www.nixen.com
ABOUT VULCAIN
Created in 1998, Vulcain Ingénierie is a fast growing international group based in France with more than 850
engineering consultants. The company assists its clients in developing their businesses on the full EPCC cycle
(Engineering, Procurement, Construction and Commissioning). Vulcain Ingénierie has a first-class client
portfolio with the leading French companies, some of them also being world leaders of their sectors.
To learn more: www.vulcain-ingenierie.com
NiXEN Partners – Société par action simplifiée au capital de 3 267 880 euros – 432 413 565 RCS Paris – 153, rue du Faubourg Saint-Honoré 75008 Paris
France – Tél : 01.75.77.46.00 – Fax : 01.53.75.47.06 – www.nixen.com – N° d’identification intracommunautaire : FR52 432 413 565 – Société de gestion
de portefeuille – Agrément AMF n°GP03017
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CONTACTS
NiXEN
Jean-Paul Bernardini, CEO
Tél.: +33 1.75.77.46.01
[email protected]
Pauline Stragier, Communication Manager
Tél.: +33 1.75.77.45.97
[email protected]
NiXEN Partners – Société par action simplifiée au capital de 3 267 880 euros – 432 413 565 RCS Paris – 153, rue du Faubourg Saint-Honoré 75008 Paris
France – Tél : 01.75.77.46.00 – Fax : 01.53.75.47.06 – www.nixen.com – N° d’identification intracommunautaire : FR52 432 413 565 – Société de gestion
de portefeuille – Agrément AMF n°GP03017