Barclays Private Equity acquires Coventya Group from NiXEN Partners
Barclays Private Equity has announced that it has completed the management buyout (MBO) of the Coventya Group (or “the Company”) in partnership with the Company’s directors for an undisclosed sum.
The Coventya Group is a leading company in the development and supply of electroplating and surface treatment. It has a turnover of over €90 million and operates in over 40 countries. Coventya prides itself on its responsive service and offers its many customers a wide range of OEM certified products based on innovative technology. Its main target markets are the automotive, oil industry, fashion and construction sectors.
As a shareholder, Barclays Private Equity intends to pursue the Company’s ongoing development strategy, notably through acquisitions in emerging markets.
The transaction is subject to approval from competition authorities.
The NiXEN Partners team for the transaction is Pierre Rispoli, Frédéric Mimoun, and Sébastien Ferrand.
The Barclays Private Equity team for the transaction is Guillaume Jacqueau, Arnaud Thomas, and Grégoire Châtillon. p>
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