Omnes Capital's exits

Sector 
Consumer goods
Entry Date 
2011
Exit Date 
2014
Buyer 
Management
Business 
Mezzanine Buyout & Growth Capital

Olly Gan

Ready-to-wear sportswear for men

Headquartered in Aix-en-Provence, Olly Gan is a ready-to-wear fashion chain for men with 138 stores, including 101 operating as branches, the others on a commission-based affiliation basis.
The chain has positioned itself in the “casual chic” segment and serves higher socio-professional categories. Its stores are located mainly in shopping centres (80%). 

 

Sector 
Infrastructure
Entry Date 
2010
Exit Date 
2014
Business 
Renewable Energy

Ikaros Solar Park 1

15 MW portfolio of solar power plants in Belgium
Founded in 2010, ISP 1 is a holding company set up to invest in photovoltaic power plants built by Ikaros Solar. Ikaros Solar, a Belgian company in the Capenergie 2 portfolio, develops turnkey solar photovoltaic power plants. The ISP 1 holding company owns 15 MWp in generation projects, including the Kluizen facility. It is one of the largest ground-based photovoltaic facilities in Belgium. It consists of 5 MWp in capacity on the banks of an artificial lake acting as a potable water reservoir for the Flanders region. This sale was the first exit from the Capenergie 2 fund and the first exit from the Capenergie funds outside France.
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Sector 
Business services
Entry Date 
2006
Exit Date 
2014
Buyer 
Ortec Groupe
Business 
Mezzanine Buyout & Growth Capital

Sonovision-ITEP

Specialist in engineering documentation

Sonovision-ITEP is a major force in technical documentation and document engineering. The group has a presence in the United Kingdom, Germany, Canada, France and Romania. Its core business–preparing technical documents–principally serves aerospace and energy sector manufacturers and operators. 

Sector 
Business services
Entry Date 
2008
Exit Date 
2014
Buyer 
Actionnaires historiques et le management
Business 
Mezzanine Buyout & Growth Capital

InfoPro Communications

Leader in business information in France

The group’s strategy is predicated on two different priorities: 1) providing solutions to expand the revenues of its customers, by generating sales leads and enhancing their productivity, 2) facilitating and improving information for business communities and making them more agile and efficient. It has a multi-channel (expert software, online platforms, media, publishing, trade fairs, events, training, etc.) and multi-sector (industry, automobile, construction, local authorities, retail, finance, insurance, tourism, etc.) offering.

Sector 
Industry
Entry Date 
2008
Exit Date 
2014
Buyer 
Management and funds
Business 
Small-Cap Buyout & Growth Capital

Finaero / Groupe STTS

European leader in aerospace paint and sealing products

Headquartered in Toulouse, the Finaero group initially expanded in aircraft paint and seals with its STTS subsidiary. It does two-thirds of this business with aircraft manufacturers Airbus, ATR, Dassault and sub-assembly manufacturers and one-third with airlines, such as Air France.
In recent years, Finaero has diversified its activities. It refurbishes and fits out VIP aircraft interiors via its AIP subsidiary. Over the past three years, the group has expanded into wiring and manufacturing electrical harnesses via its CIEE subsidiary.

 

Sector 
Web
Entry Date 
2010
Exit Date 
2014
Buyer 
GroupM
Business 
Venture Capital

Plista

Innovative and easy-to-use advertising formats for website operators

Plista offers website operators and content providers with innovative and easy-to-use advertising formats and online sign-up platforms. With 30 employees in Germany alone, Plista operates an advertising audience network consisting of over 400 online content providers and 50 publishing houses in Germany, Austria, Switzerland, France and Slovenia. Plista, which has been active since 2009, offers image-, text and video-based advertising formats, as well as multiple targeting solutions.

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Sector 
Business services
Entry Date 
2007
Exit Date 
2014
Business 
Mid-Cap Buyout & Growth Capital

Emalec

Maintenance specialist

Based in Saint-Genis-les-Ollières (Rhône department), Emalec is active in maintenance, electrical contracting and breakdown services, air conditioning systems and multi-technical services at branch networks in France (specialist retailing, bank networks and service stations). The company has developed considerable technical and logistical expertise, making it one of the few companies specialised in multi-site maintenance.

Latest news
Sector 
Industry
Entry Date 
2008
Exit Date 
2014
Buyer 
Famille fondatrice
Business 
Mid-Cap Buyout & Growth Capital

Groupe Melkonian

Specialist equipment for mining and mineral transportation

Headquartered in Aix-en-Provence (Bouches-du-Rhône department), the Melkonian Group is a family-owned company that designs, manufactures and distributes equipment and spare parts for extracting and transporting minerals in the hard rock underground mining market.

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“We worked closely together, with openness and trust”
GENEVIÈVE
MELKONIAN
Co-Chairman
of the Melkonian group
Melkonian group

A family affair

After working with the Melkonian group for five years, Omnes Capital sold its investment in the leading mining equipment company with a heavy heart (February 2014).

Look back at a cordial and productive partnership

After Omnes first invested in the Melkonian group in 2008, commodity prices suddenly collapsed, plunging two-thirds in one quarter owing to a burgeoning financial crisis and a freeze on mining investment projects. But Omnes Capital did not lose confidence in the business.
In 2009, Melkonian managed to deliver profitable growth despite the crisis, by winning new customers.

 

Our key duty was to help the founders to build up their self-confidence and to make strategic decisions and take risks”, says Benjamin Arm, Managing Director at Omnes. This included the roll-out of an intermediate level of operational management and a strategy committee, a switchover from outright trading to the design, manufacture and marketing of equipment, and the creation of subsidiaries – in countries including Niger and Burkina Faso – to get closer to its customers while retaining its wholly French identity. Melkonian rose masterfully to a number of different challenges and we were delighted to have stood alongside it.

Melkonian
Genevieve
Co-Chairman
of the Melkonian group
Why did you choose Omnes Capital five years ago?

In 2008, we decided to approach investors so as to consolidate on the expansion in our family business with the support of financial experts, retain our management team over the long term and open up the Group’s capital for its employees. It was crucial for us to share our values with our new partner. From our very first meeting with Omnes Capital, we immediately felt similarities, confidence, and mutual respect, and so our cooperation began with a shared enthusiasm.

And looking back, how do you assess your fi ve years of working together?

It was an emotional moment when my brothers and I signed off on Omnes Capital’s exit. We worked closely together, with openness and trust, and our strategy committee meetings with Benjamin Arm and Daniel Balland, who has now retired, will live long in our memories. We invited Daniel to attend our next strategy committee meetings as special advisor, alongside our new investors: what better proof could there be of how pleased we were with our relationship with Omnes Capital! I also hope to stay in touch with Benjamin and, who knows, perhaps see him purchase another stake in a future funding round…

So why did the partnership come to an end?

Omnes Capital wanted to sell its shareholding. Five years is the normal length of an investment cycle. In parallel, we – the family – wanted to increase our shareholding. These two factors prompted us to bring the partnership to an end, but it was a really fantastic deal and so our new investors will have a lot to live up to!

Timeline

• 1955: Jacques and Angèle Melkonian open a garage in Gardanne.

• 1975: After inventing an axle for equipment used in mining facilities, Jacques gives his garage to its 12 employees and sets up Continental Industrie, a supplier to all the mines in France.

• 1994: The founder’s three children acquire the business and decide to focus on building underground mining equipment for international markets.

• 2008: Omnes Capital invests in the Melkonian group, present in 70 countries.

• 2014: Omnes Capital sells its shareholding to Bpifrance, Amundi PEF and Sofipaca.

melkonian-group
Sector 
Retail & Distribution
Entry Date 
2011
Exit Date 
2013
Business 
Co-Investment

Luxury clothing group
Headquartered in Milano, this luxury group creates and distributes high-luxury accessories and clothing.
Sector 
Medical devices
Entry Date 
2007
Exit Date 
2013
Buyer 
Sale through a merger with Heartware Inc.
Business 
Venture Capital

CircuLite

Unique miniature circulatory assistance device for the treatment of chronic heart failure

CircuLite is a company developing a unique circulatory assistance device for the treatment of chronic heart failure. Synergy™, the company’s pocket circulatory assistance device features a micro-pump that is placed superficially and minimally invasively connected to the left atrium and the subclavian artery. Once in place, the device transforms the treatment of chronic heart failure patients, irrespective of whether they are hospitalised or treated as outpatients. The company received CE marking on 5 September 2012 for its Synergy™ device.
Heartware Inc. (Nasdaq: HTW) acquired Circulite in December 2013 for an initial sum of $30 million, potentially rising to $320 million if it hits its milestones.

 

Pages

NewsRoom
Publication
Omnes Newsletter no 32: Deep-tech firms on the rise, Michel de Lempdes, MP Omnes
Press release
11 July 2018
Omnes invests in Marquetis, a communications agency specializing in operational marketing, and arranges mezzanine debt for the deal
Omnes invests in Marquetis, a communications agency specializing in operational marketing, and arranges mezzanine debt for the deal
Press release
05 July 2018
Omnes Capital launches a new FCPI fund in partnership with LCL: Capital Invest PME 2018
Omnes Capital launches a new FCPI fund in partnership with LCL: Capital Invest PME 2018
Press release
27 June 2018
OMNES CAPITAL AND ILMATAR WINDPOWER LAUNCH JOINT VENTURE FOR NORDIC WIND POWER, COMPLETE THE LARGEST ACQUISITION OF A FULLY DEVELOPED WIND PROJECT IN FINLAND TO DATE
OMNES CAPITAL AND ILMATAR WINDPOWER LAUNCH JOINT VENTURE FOR NORDIC WIND POWER, COMPLETE THE LARGEST ACQUISITION OF A FULLY DEVELOPED WIND PROJECT IN FINLAND TO DATE
Publication
Omnes Newsletter no 32: Nicolas Ricart, CEO Batiweb Group
Press release
26 June 2018
Batiweb group announces purchase of helloArtisan digital platform, creating unique offering connecting individuals with construction professionals
Batiweb group announces purchase of helloArtisan digital platform, creating unique offering connecting individuals with construction professionals

Pages