Transaction

Clearwater advises ACE Management and IRDI Soridec Gestion on the sale of a majority stake in Spherea Group to a consortium of investors

Transaction

ACE Management and IRDI Soridec Gestion sold a majority stake in Spherea Group to a consortium of investors including Andera Partners and Omnes

Sell-side

Undisclosed

Role

Adviser to the shareholders, ACE Management and IRDI Soridec Gestion on its auction process of Spherea Group to a consortium of investors including Andera Partners and Omnes

Sector

Industrial & Chemicals

Region

France & Belgium

We have advised historical shareholders, ACE Management, and IRDI Soridec Gestion on the sale of a majority stake in Spherea Group (Spherea) to a consortium of investors, including Andera Partners and Omnes. 

Established in 1965, Spherea separated from the Airbus group in 2014 and continues its growth trajectory with the ambition of becoming a European and global leader in technological test solutions.

Spherea offers modular technology solutions for the entire lifecycle of electronic systems. The group has developed a wide range of products, dedicated to electronic tests, such as the ATEC Series automatic test benches used in maintaining most Airbus and Boeing aircraft. Spherea relies on its expertise in the fields of electronics, microwave, optronics, and power electronics.

Spherea is supported by more than 600 loyal customers worldwide, major players in aerospace and defence, including Airbus, Dassault, Honeywell, Lufthansa Technik, DGA, Nahema, Thales, Comac, energy, or railways.

Spherea generated around €130m in turnover in 2018, half of which came from exports, and employs over 600 staff.

Spherea equipment

Clearwater supported us very effectively in the reorganisation of Spherea’s capital, providing us with the right mix of preparation, process management, and negotiation support, which allowed Spherea and its historical shareholders to join forces with first-rank partners to further develop the group.

DELPHINE DINARD, PARTNER, ACE MANAGEMENT

Advisers

Transactions