Member Article

European investors acquire Flexitallic Group

The Flexitallic Group, which has operations at Clackheaton, has been bought by pan-European investment firm, Bridgepoint.

Bridgepoint will acquire a majority stake in the business, alongside management and Remi Toledano, CEO of Flexitallic.

The firm specialises in high value sealing solutions and products, most notably for the oil and gas industry. Flexitallic has bases in the US, China, France, UK, UAE and Kazakhstan, and has a network of 750 distributors.

Remi Toledano, Flexitallic CEO added: “Bridgepoint’s investment comes at a key moment in our history. Having already doubled in size in the last two years, Flexitallic will now have the support of a new shareholder to help it pursue not only further penetration of our traditional markets in the US and Europe, but also further international expansion, notably China where we are positioned to supply the developing nuclear industry. We will also continue to invest significantly in innovation to enable us to serve clients worldwide.”

Frédéric Pescatori, partner responsible for Bridgepoint’s investment activity in France, said: “The quality of Flexitallic’s service and products is impressive as is the dynamism and vision of its management team. Recent acquisitions in the alternative energy market offer compelling growth prospects not only in North America where the group is already present but also in Asia, Australia and South America.

“Bridgepoint intends to support the group with its geographical and technological expansion providing it with the means to double its size in the next five years.”

Olivier Millet, Chairman of Eurazeo PME, added: “We are very pleased to have accompanied The Flexitallic Group with its profound transformation and exceptional growth over the last six years.

“Thanks to the high-quality work of Rémi Toledano and his entire management team, The Flexitallic Group has demonstrated its capacity for growth, international acquisitions and rapid consolidations.

“Today it is a solid, innovative and responsible company that we have chosen to sell to a dynamic group, at whose side it will be able to pursue its growth trajectory.”

DLA Piper provided legal advice to the deal; Arthur D Little and McKinsey provided market due diligence; Deloitte provided financial due diligence; ERM provided ESG; Arsene Taxand provided tax advice; and Marsh provided insurance due diligence.

This was posted in Bdaily's Members' News section by Tom Keighley .