NAXICAP Partners, a private equity company, completed the acquisition of a majority stake in IPELEC, a manufacturer of prefabricated, made-to-mesure electricity and manifold plumbing kits. Financial terms were not disclosed. “We were convinced by the innovative position of the company, in a very fragmented traditional market, favorably impacted by the evolution of regulations and which has shown signs of an upturn in the past few months. IPELEC can count on NAXICAP Partners to help it seize the many growth opportunities available to it today: organic growth due to increased popularity of kits in individual houses and external growth by mergers in order to extend IPELEC’s territorial presence, bringing convenience and reactivity to its clients,” Laurent Sallé, NAXICAP Partners Investment Manager.