Omnes Capital's exits

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.

Latest news
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.

Latest news
“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.

 

Sector 
Hardware
Entry Date 
2005
Exit Date 
2013
Buyer 
Samsung
Business 
Venture Capital

Novaled

Doping materials for organic materials

German company Novaled has developed a new structure and new doping materials curbing power consumption and extending the life of organic light-emitting diodes (OLED). At the time of the sale, the company owned more than 400 patents.

“Omnes Capital placed its trust in us and was patient.”
GILDAS
SORIN
Chief Executive Officer
of Novaled AG
Novaled AG

Good things come to those who wait…

Time has proved Omnes Capital right, as it saw Novaled AG’s potential very early on.

In 2005, Omnes acquired an interest in its capital as lead investor for €4 million as part of a €15 million funding round, before injecting another €1.5 million in 2008. This bet paid off handsomely. Since 2009, materials developed by Novaled AG have been used in displays for the Samsung Galaxy, one of the world’s top-selling smartphones.

The German start-up, which was acquired by the Samsung group during the summer 2013, has pioneered OLED technology, which will revolutionise the world of displays and lighting.
SORIN GILDAS
Chief Executive Officer of Novaled AG

Grow up with Samsung

OLED diodes illuminate surfaces using thin layers of organic composite semiconductors. Unlike LCDs, they do not need backlighting, which also reduces their power consumption.

 

The integration of flexible materials such as plastics has opened the way for the development of thin and flexible displays and lighting solutions. Provided that the plastics used could be made better conductors.

 

And that is exactly what the innovation and technology developed by Novaled do.
They enhance the organic material, extending its life and reducing its power consumption.
GILDAS
SORIN
Chief Executive Officer
of Novaled AG
Novaled AG has demonstrated that technology ventures can be a success in Europe...
Definitely. If you have the right products and if you adopt a good quality strategy, you have every chance of success! Novaled AG is a prime example of this. A giant like Samsung chose us as a supplier because we had products that matched its needs. Despite tough negotiations, it immediately showed its confidence in Novaled. Samsung agreed that we should be its only supplier of certain materials used in Galaxy smartphones. This represents a tremendous vote of confidence given its production imperatives.
Why did you choose Omnes Capital as a partner?
Right from the start, we felt that we were on the same page as Omnes Capital. Its teams had confidence in our management and showed a great deal of patience. At the time, there was no certainty that we would become what we are today. They played a full part on our Supervisory Board, respecting our management team and its responsibilities, without ever getting in its way. They have always been there for us when we needed them – both in good times and in more difficult ones.
What challenges lie ahead for you?
With the OLED market expected to consolidate, it is crucial to build partnerships with materials manufacturers. The acquisition by Cheil Industries represents a step in this direction and will give us the benefit of the group’s investments in the next generation of materials. We look at the future with real optimism, especially since OLED TVs are currently arriving on the market. That should provide a boost to our growth.
novaled-ag
Sector 
Retail & Distribution
Entry Date 
2010
Exit Date 
2013
Business 
Co-Investment

Leading cinema operator in Europe
Headquartered in the United-Kingdom, the company is one of the largest operator of multiplex in Europe.
Sector 
Retail & Distribution
Entry Date 
2006
Exit Date 
2013
Buyer 
Equistone
Business 
Mezzanine Buyout & Growth Capital

Bretèche Industrie

Specialist manufacturer of equipment for the agrifood industry

Bretèche Industrie is an industrial group supplying equipment used in the manufacture of food, chemical, pharmaceutical and cosmetic products.

Pages

NewsRoom
Publication
Omnes Newsletter no 32: Edirotial by Fabien Prévost, CEO, Omnes
Press release
16 January 2018
Batiweb Group announces buyout of Clien’tel.
The trading name “Le Bon Artisan” is to become “e-travaux”.

Batiweb Group announces buyout of Clien’tel. The trading name “Le Bon Artisan” is to become “e-travaux”.
Press release
05 January 2018
Enterome raises €32 million ($38.5 million) in a Series D financing
Enterome raises €32 million ($38.5 million) in a Series D financing
Press release
04 January 2018
Themis Raises EUR 10 Million in Series C Financing to Advance Clinical
Pipeline
Themis Raises EUR 10 Million in Series C Financing to Advance Clinical Pipeline
Publication
Omnes Newsletter no 32: Deep-tech firms on the rise, Michel de Lempdes, MP Omnes
Press release
22 December 2017
ENGIE and Crédit Agricole Assurances increase their investments
in on-shore wind and solar power in France

ENGIE and Crédit Agricole Assurances increase their investments in on-shore wind and solar power in France

Pages