Aurignac Finance advised the shareholders of Semip Codechamp Group, European leader in high performance angular position sensors, in organizing a primary LBO with Eiréné (Weinberg Capital Partners)
Founded in 1959 the Semip Codechamp Group, led by Serge Finkelstein, is a key player in the field of high-performance angular position sensors, serving the most demanding markets such as defence, aerospace, civil nuclear, and motorsport. With innovation at the core of its strategy, the group employs around sixty employees, with a quarter dedicated to R&D.
The group’s development, targeting European leading aerospace and defence contractors, has been built on a unique expertise, innovation, and products known for their excellence and unmatched performance in Europe.
This LBO transaction is the first operation carried out by Eiréné, the new fund dedicated to French SMEs and mid-cap companies in the security and defence sector raised by Weinberg Capital Partners. Eiréné has taken a majority stake in the group’s capital, while Serge Finkelstein and the management team has reinvested significantly in the transaction, thus demonstrating their strong confidence in the group’s potential.
This operation aims to accelerate the development and structuration of the group, support its growth ambitions on its historical markets, expand into new markets (both civil and international), and initiate an external growth strategy.
With this new transaction, Aurignac Finance continue to strengthen its presence in the Aerospace and Defence sector, particularly in the field of electrical and electronic components for use in harsh environments.