Goodwin Procter LLP advised private equity firm Ace Management in Mecachrome’s €50 million fundraising.
Mecachrome is the European leader in the design, engineering, machining and assembly of high-precision parts and assemblies for the aerospace, automotive, motor sport, defense and energy industries. With 13 production sites worldwide and 3000 employees worldwide, Mecachrome has earned an international reputation as a first-rate integrator for its customers, which include: Airbus, Boeing, Safran, Rolls Royce.
ACE Management (a subsidiary of Tikehau Capital) is a private equity firm specialized in the industrials (Aerospace & Defence) and technology (Cybersecurity / Trusted Tech) sectors, with €400m in assets under management.
The operation is backed and carried out by the main shareholder Ace Management, through a dedicated fund combining the holdings in Mecachrome of the Aerofund funds and the Fonds de solidarité FTQ (« Fonds »), and by Bpifrance, the group’s historical shareholder. Together they will bring €50 million in equity to Mecachrome alongside the €60 million financing provided by its banking partners under a State Guaranteed Loan (PEG).
This substantial funding will strengthen Mecachrome and mark the beginning of a new phase of transformation.
The Paris Goodwin team included Céline Domenget-Morin (Picture) and Emilie Cobigo on restructuring aspects, Arnaud David and Oana Oprean on funds aspects, Thomas Dupont-Sentilles and Chloé Vu Thien on corporate aspects, Laurent Bonnet on financing aspects and Marie-Laure Bruneel on tax aspects.
Involved fees earner: Laurent Bonnet – Goodwin Procter; Marie-Laure Bruneel – Goodwin Procter; Emilie Cobigo – Goodwin Procter; Arnaud David – Goodwin Procter; Céline Domenget-Morin – Goodwin Procter; Thomas Dupont-Sentilles – Goodwin Procter; Oana Oprean – Goodwin Procter; Chloé Vu Thien – Goodwin Procter;
Law Firms: Goodwin Procter;
Clients: ACE Management;