One Equity Partners Agrees to Acquire Precision Metals, Polymers and Composites Manufacturer Clayens Group | national company

NEW YORK & GENAS, France–(BUSINESS WIRE)–Jul 26, 2022–

An equity partner (“OEP”), a middle-market private equity firm, today announced that it has entered into an agreement to acquire Clayens NP, (“Clayens” or “the Company”) a leading value-added supplier of high-performance polymers, composites and precision metals to a group of investors led by French private equity firm Siparex, which sells its majority stake. As part of the transaction, Siparex, its co-investors, as well as the management team, will reinvest in the company alongside OEP to continue supporting the Company as minority partners. Financial terms of the private transaction are not disclosed.

Based in Genas, France, Clayens provides processing services for polymers, composites and precision metal parts. The Company’s capabilities include thermoplastics, thermoset injection, metalloplastics and precision metal machining and engineering. Clayens currently employs over 3,000 full-time employees and operates 25 manufacturing sites in Europe, North Africa and North America, selling to blue chip global customers in these regions.

Led by its CEO Eric Pisani and with the active support of Siparex since 2019, Clayens has implemented a sustained growth strategy, including 4 significant acquisitions, which have enabled Clayens to record strong revenue growth of 273 million euros in 2019 to more than 350 million euros in the last twelve months.

“Clayens’ specialist expertise in producing highly engineered products to the most exacting specifications is highly valued by multinationals operating in a variety of end markets,” said Konstantin Ryzhkov, Managing Director, One Equity Partners. “This ability has produced a loyal customer base that gives the Company a significant advantage in a competitive market. OEP has a strong track record of building leading global businesses from local champions through transatlantic business combinations, and we believe that in partnership with Siparex and other current shareholders, OEP can apply this experience to help Clayens grow from a leading French company to a major global player.

In addition to its inherent strengths, Clayens is benefiting from current market trends, including the relocation of manufacturing operations with demand shifting from China to Europe and the United States, growth in infrastructure spending in several countries of the world and the post-Covid recovery in sectors such as automotive and aeronautics. These trends, coupled with a reliable customer base, contribute to Clayens’ longstanding resilience as a business.

“We look forward to embarking on this ambitious partnership with One Equity Partners, and welcome them as a new majority shareholder committed to accelerating our growth,” said Eric Pisani, CEO of Clayens. “OEP has distinguished itself by the firm’s partnership approach and its expertise in identifying and executing global transformational combinations. With OEP’s resources and expertise, we expect Clayens to become an even more valuable partner to its customers, with a larger global footprint and capabilities.

“Clayens has experienced significant business development over the past four years and is well on its way to becoming a global leader in precision component manufacturing,” said Florent Lauzet, Managing Partner at Siparex. “This is a new chapter for Clayens, but we and other existing shareholders remain committed to this investment. We are pleased to support alongside OEP a strong management team with a demonstrated ability to grow organically and through purchases.

About One Equity Partners

One Equity Partners (“OEP”) is a middle-market private equity firm focused on the industrials, healthcare and technology sectors in North America and Europe. The firm seeks to create market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and experienced team, and an established track record generating long-term value for its partners. Since 2001, the company has completed more than 300 transactions worldwide. OEP, founded in 2001, spun off from JP Morgan in 2015. The company has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

About Clayens

Based in Genas, the France Clayens group is a European leader in the transformation of polymers, composites and precision metal parts. It works with customers around the world to provide them with the products and services they need in a wide range of industries: aerospace, automotive, healthcare, electronics, construction, household goods, sports and leisure products. Based in Genas, France, Clayens Group operates industrial sites in Germany, Eastern Europe, North Africa and Mexico, with overseas subsidiaries providing customer-specific services close to their assembly facilities. Our expertise focuses on four main technologies: thermoplastics, thermosetting, metallurgy and electronics. Our R&D teams deliver innovative technologies, often working in partnership with our customers and third-party companies on the latest processing and design applications. Learn more about www.clayens-np.com.

About Siparex

Siparex Group, an independent French private equity specialist. Siparex is experiencing significant organic growth and has made major acquisitions. The group works to help businesses grow and transform. From start-ups to ETIs, it finances and supports major entrepreneurial adventures through its various businesses: Innovation under the name of XAnge, Energy Transition (Tilt), Mezzanine and Midmarket.

The Group can count on a significant presence on national territory and abroad, with 6 offices in France (Paris, Lyon, Nantes, Lille, Strasbourg and Toulouse), 4 in Europe (Milan, Munich, Berlin and Brussels), and partnerships in Africa and North America.

For more information, please visit our website: www.siparex.com.

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CONTACT: Media

For an equity partner

Thomas Zadvydas

Stanton

646-502-3538

[email protected] the Siparex group:

Priscilla Clement

+33 6 14 80 75 22

[email protected]

KEYWORD: NEW YORK EUROPE UNITED STATES NORTH AMERICA FRANCE

INDUSTRY KEYWORD: CHEMISTRY/PLASTICS PROFESSIONAL SERVICES MANUFACTURING FINANCE

SOURCE: One Equity Partners

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PUBLISHED: 07/26/2022 07:00/DISC: 07/26/2022 07:02

http://www.businesswire.com/news/home/20220726005308/en