Bird & Bird advised Ciclad on acquiring a majority stake in Capelec Group

Bird & Bird advised Ciclad on acquiring a majority stake in Capelec Group

International Firm Bird & Bird assisted Ciclad, a long-standing player in the French private equity market, in acquiring a majority stake in the capital of Capelec, a Montpellier (south of France)-based manufacturer of equipment for monitoring motor vehicles and measuring air quality.

This OBO transaction, carried out alongside the CEO, Thierry Coton, son of the founder and head of the company since 2005, is part of Ciclad's development strategy, which, through its Ciclad 7 fund, is making its sixth investment. Ciclad's ambition is to support Capelec in consolidating its leading position in France, pursuing its international development and penetrating new segments with the marketing of ultrafine particle sensors.

The Bird & Bird team was led by advised Ciclad with a team comprising David Malcoiffe (Partner), Étienne Guillou (Partner), and Clément Le Molaire (Associate), Constance Brouquier (Associate) and Mérine Avaby (Associate).

Capelec was advised by Lamartine Conseil on corporate aspects by a team comprising partner Clyve Monfredo and associates Florian Tranchecoste and Marine Canu.

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