Naxicap Partners to acquire a majority stake in ADDEV Materials from Tikehau Capital, Bpifrance, and Garibaldi Participations for €300m.

Naxicap Partners, a French private equity firm, is set to acquire a majority stake in ADDEV Materials, a Lyon-based group specializing in the transformation and distribution of high-performance materials, from Tikehau Capital, Bpifrance, and Garibaldi Participations, for €300m. "ADDEV Materials has strong growth potential in a market that is still largely fragmented and we intend to support Julien Duvanel (CEO) and his entire management team in the pursuit of its external growth strategy. The services provided by ADDEV Materials promote sobriety and operational efficiency for customer factories, which allows us to consider growing alongside the most demanding manufacturers. This investment, rated Platinum by Ecovadis, is also in line with our new sustainable investment thesis,” Angèle Faugier, NAXICAP Partner.