We have advised Capital Croissance on the sale of its stake in VLAD, France’s leading manufacturer and distributor of batteries for the medical and industrial sectors, to Turenne Santé. Clearwater was the exclusive M&A adviser to Capital Croissance.
Founded in 1985 near Tours, VLAD is specialised in the manufacturing and distribution of high-tech batteries for the medical and industrial markets. The company's success is based on a combination of expertise in logistics and distribution, manufacturing and assembly, design and reconditioning services.
Turenne Santé has acquired a stake in VLAD through a new MBO led by Jean-Louis Jarry (President), Vincent Piton (CEO) and approximately 50 employees who are increasing their shareholding on this occasion. Capital Croissance, the reference shareholder since 2019, is leaving the capital while Bpifrance is increasing its stake in the company.
The entry of Turenne Santé in VLAD’s capital enables the company to pursue its development in France and abroad, through external growth, where targets have already been identified and approached by management.
