04/Sept/2017

IMAP France (Societex Corporate Finance) advises Telerad on MBO

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Axio Capital sets up an MBO for the takeover of Telerad around its Chairman Patrice Mariotte.

Telerad is a French leading firm specialized in designing and manufacturing radiocommunication systems for air traffic control. Created in 1950, Telerad succeeded in developing a cutting-edge technology with a great technical quality and reliability of its manufacturing products.

With a key know-how, the firm is among the few companies able to meet the requirements from airports, aeronautical strategic buyers and nations regarding their communication equipment. Located in Anglet​, the company is generating most of its turnover abroad thanks to tenders won on all the continents.

As for the takeover operation, Axio Capital brought the historical and family shareholders a fitted solution to exiting the company and allowed the management to take shares in the capital. 123 Investment Managers, advised by Axio Capital took part in this operation. While making sure to keep Telerad's corporate culture, the new shareholders were willing to bring into the company the necessary means to accelerate its development.