Business transfers

Oct 2019

VT2i Group strengthens its capital to accelerate its growth

Customers and counterparties

VT2i is involved in design, manufacturing and marketing of complete functions, mechanical sub-assembly, linkage suspension products for the automotive industry. VT2i relies on 50 years of experience in the automotive area (1st Tier supplier, 2nd Tier supplier and aftermarket and niche products).
The group, a former subsidiary of the American group TRW, was taken over in 2013 by Pascale Dellea Warin, Xavier Grandjean, and André Medjaed, all three senior executives in TRW’s time. They will enable 64 employees, convinced of the merits of the project, to join the transaction. The company is located in the Vosges region, VT2i can take advantage of its European strategic location between France, Germany and Switzerland. Indeed, the company is close to its clients; suppliers and other major firms in the automotive industry.

With a very active R&D department, VT2i group has established itself on a market dominated by international groups thanks to innovative processes tailored to its customers and at the forefront of market technologies. Thanks to a strong capacity for innovation; VT2i enjoys continuous growth since the takeover by the current teams in 2013, particularly in international markets where it generates more than 60% of its revenue.

This transaction, advised by PAX Corporate Finance, will enable VT2i, which generates more than €20 million in revenue, to continue its growth in a very dynamic and active sector regarding M&A transactions. Thus, a major investor such as BNP Paribas Développement will provide VT2i with additional financial resources to accelerate its development, both organically and through an external growth strategy involving complementary activities.

Xavier Grandjean, Chairman & CEO of VT2i: "BNP Paribas Développement as a shareholder of VT2i is a major step that will enable us to accelerate the development of our company. Thanks to this major financial partner on our side, we will engage VT2i and its teams to a new dynamic made up of even more ambitious organic growth and external growth projects, to better support, serve and satisfy our customers in France and abroad.”
Michel Allemand, Investment Director at BNP Paribas Développement: "We are very satisfied to be able to support a strong team of managers who, together with VT2i's employees, have been able to face adversity and make VT2i a very successful company. We are part of this perspective and wish, through this primary LBO, to support VT2i in its further growth and internationalization.”
Karine Curtis, Partner at PAX Corporate Finance: "We are very pleased to have supported VT2i in this transaction. The quality of its managers and teams, the company's positioning, its level of profitability and the entry of this key shareholder are all positive elements for the company's future.”

Associate members