"Ciclad Acquires Majority Stake in Capelec to Strengthen Leadership in Automotive Equipment and Air Quality Measurement"

"Bird & Bird has assisted Ciclad, a prominent player in French private equity, in acquiring a majority stake in Capelec, a Montpellier-based manufacturer of automotive control equipment and air quality measurement devices. This transaction, part of Ciclad's growth strategy through its Ciclad 7 fund, marks its sixth investment. Ciclad aims to help Capelec strengthen its leadership in France, expand internationally, and enter new markets with ultra-fine particle sensors. Founded in 1989, Capelec serves around 900 clients in over 80 countries, generating nearly €30 million in revenue, with 60% from international sales."

**Law Firms Involved in the Transaction:** Bird & Bird assisted Ciclad, a historical player in private equity in France, while Capelec was advised by Lamartine Conseil. **Transaction Overview:** Ciclad has taken a majority stake in Capelec, a Montpellier-based manufacturer of equipment for vehicle inspection and air quality measurement. This operation, structured as an Owner Buy-Out (OBO) alongside the company's leader, Thierry Coton, aims to support Capelec's strategy for consolidating its leadership position in France, expanding internationally, and entering new market segments with the launch of ultra-fine particle sensors. **Lawyers Involved:** From Bird & Bird: - David Malcoiffe, Partner, Corporate - Clément Le Molaire, Associate, Corporate - Étienne Guillou, Partner, Due Diligence - Constance Brouquier, Associate, Due Diligence - Mérine Avaby, Associate, Due Diligence From Lamartine Conseil: - Clyve Monfredo, Partner, Corporate - Florian Tranchcoste, Associate, Corporate - Marine Canu, Associate, Corporate

"Ciclad Acquires Majority Stake in Capelec to Strengthen Leadership in Automotive Equipment and Air Quality Measurement"

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