Acces Industrie

Parquest Capital and Accès Industrie announce the acquisition by Parquest Capital funds, with Crédit Mutuel Equity, Irdi and Mr Serge Ansaldo, from Butler Capital among other sellers, of a controlling block representing 91,68% of the capital and 95,03% of voting rights in Accès Industrie group, at € 6.78 per share. In accordance with existing regulations, the buyers will soon file a simplified public tender offer on the remaining shares of Accès Industrie at the same price as the controlling block, i.e. € 6,78 per share.

Accès Industrie is an equipment rental company specialized in aerial work platforms ("AWPs") for the construction and renovation of industrial and commercial buildings. Recently Accès Industrie has entered a phase of dynamic recovery and reached in 2016 a consolidated turnover of € 53M. In this trend towards further growth, Accès Industrie will receive active support from its new shareholders, Parquest Capital, majority shareholder, along with minority shareholders, Crédit Mutuel Equity (formerly CM-CIC Investissement) and Accès Industrie's management team. On the occasion, IRDI reaffirms its support to the company by joining the operation.

This operation is Parquest Capital 2's first deal after the completion of a € 310M fundraising last April. Pursuing the same successful investment strategy than Parquest Capital 1, this new fund ambitions to invest as an active partner in French SME's with an enterprise value range of €20-150m and important growth potential, locally or internationally, focusing on three privileged sectors (B2B Services, Consumer Goods&Retail, Healthcare).

Next 2017 reports:

Q3 2017 sales revenue: 24th October 2017
Q4 2017 sales revenue: 13th February 2018

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