NiXEN concedes its majority control in Vulcain Ingenierie and reinvests alongside Equistone Partners and keep a minority stake
NiXEN conceded its majority control in Vulcain Ingenierie to Equistone Partners and continues to accompany the group, keeping a minority stake through a dedicated vehicule NiXEN DDI.
Created in 1998, the Vulcain Ingenierie group is a French leader in engineering consultancy specialized in energy and health. The group has experienced an average annual growth of 28% over the last 5 years to reach € 160 million in revenue in 2019.
«The operation with Equistone is an important milestone in a successful journey led since 2014 by the management team, thanks to a very strong commercial development and strategic external growth – both in France and abroad », comments Jean-Paul Bernardini, CEO of NiXEN Partners.
« We were convinced by Vulcain Ingenierie’s value proposition, operating model and the quality of the management team. We are looking forward to continuing the development in the group on both its core business and its adjacent segments through external growth », said Stanislas Gaillard and Grégoire Châtillon, associates at Equistone.
« We thank NiXEN Partners and Initiative et Finance for the journey we have undertaken together and are looking forward to partnering with Equistone to leverage its European network and its ability to accompany us through internal and external growth », comment Alban Guilloteau and Frédéric Grard, CEOs of Vulcain Ingenierie.