We have advised BT2i Group, a structure and cabin equipment specialist for aerospace, defense and advanced technology markets, and its founders Florent Battistella and Pierre Bastid on its partnership with Tikehau Ace Capital.
Founded in 2013, Business-Technology Innovation and Industrial (BT2i) is the result of the willingness of two French industrial entrepreneurs, Pierre Bastid and Florent Battistella, to consolidate and modernise the aeronautical subcontracting chain through the successive acquisitions and integration of mechanical engineering companies.
BT2i specialises in the design and production of small and large elementary metal parts and sub-assemblies for aircraft manufacturers and equipment suppliers. The Group has integrated know-how in the precision machining of light alloys and hard metals, sheet metal and boiler making, surface treatment and assembly.
BT2i holds a key position in the supply chain, notably on the A320, Falcon and Rafale programmes, and operates four production sites in France and Tunisia through its subsidiaries MAP, Simair and Cauquil.
BT2i had a consolidated turnover of c.€80m before the COVID-19 crisis which severely impacted the Group. Since then, the Group has conducted a strategic review and established a transformation plan. BT2i will refocus on its three key subsidiaries MAP, Simair and Cauquil, set up a cross-functional and integrated group management team around its new chairman Fabrice Dumas and shore up its capital structure via a cash injection from Tikehau Ace Capital alongside its founders Pierre Bastid and Florent Battistella.
