De Gaulle Fleurance advises lenders on Siparex Midcap’s investment in Satys Electric

Founded in 1999, Satys Electric focuses on designing and manufacturing wiring harnesses, electrical cabinets, and electromechanical subassemblies. The group serves multiple industrial sectors like medical, rail, aerospace, energy, data centres, and semiconductors, employing over 1,000 personnel with anticipated revenues exceeding 70 million euros by 2026. 

This transaction represents a significant advancement for Satys Electric, under the leadership of Thomas Ponchon since 2012. Siparex Midcap joins as a crucial minority shareholder, with Bpifrance and Carvest reinvesting in the transaction. The management team’s acquisition of majority control positions the group for further growth. 

With this enhanced structure and additional financial resources, Satys Electric aims to pursue organic development, cater to both existing and new clients, and expand its growth strategy. There are also plans to fortify its international operations through the establishment of new manufacturing facilities. The financing is executed by a banking syndicate that includes Crédit Agricole de Franche-Comté, BNP Paribas, Banque CIC Est, Crédit Lyonnais - LCL, and Bpifrance. May Jarjour, Claire Haas, and Louis Ngamou from De Gaulle Fleurance were instrumental in advising the lenders throughout the financing process