We are pleased to announce the sale of a majority stake in the Fillon Technologies Group to two confirmed managers, accompanied by the NextStage minority fund.
The Fillon Technologies Group is a family group created in 1954 by Mr. Roger Fillon. It designs, produces and markets paint stirring machines for the “Refinish” (car body repair) industry. Present in Europe, China, the United States, India and Latin America, the Group is the world leader in this market with more than 50% market share. It has also developed new products in this same market, ahead of its competitors, and is consolidating its sales through its existing distribution network.
In recent years, the Group has been confronted with changes in its market, but has always been able to innovate and prepare for the future. Today, the Group has many assets to capitalize on, which should enable it to access new markets and increase its earnings capacity.
I-Deal Development has been mandated by the Group’s historical and family shareholders and has set up a comprehensive support process, which is essential to meet their expectations, while taking into account the complexity of the shareholder base and the interests of the family context.
Jean-Christophe Doux, Polytechnique, Sup’Aéro, and Sébastien Reinbold, Production Engineer and MBA Finance, were able to convince Mr. Daniel Fillon, Chairman of the Group, of the quality of their candidacy and their current and future vision of the Group.
Accompanied in their acquisition project by the Nextstage investment fund, Mr Doux and Mr Reinbold will now manage the whole project, capitalising in particular on the new products designed and delivered by the Fillon Group’s innovation team.
While allowing the shareholders to take a step back, I-Deal Development was able to build a tailor-made solution with them and the new shareholders.