Investec has advised Parquest and Aserti’s management team on a new buy-out backed by Chequers Capital
About the deal
Founded in 1992 and headquartered in Vannes, Aserti is the French leader in electronic maintenance and the third-largest provider of industrial metrology services.
The Group serves 10,000+ industrial clients through a dense network of 28 local sites, providing strong proximity. Beyond its core electronics maintenance business, Aserti has built a fast-growing metrology division through a targeted M&A strategy, including the acquisitions of E2M, Multisys, MI Métrologie and Precitek.
To further accelerate its development, Aserti and its management are joining forces with Chequers Capital through a new buy-out. The project will focus on developing the electronic repair business, strengthening metrology services and building a broader European presence through a buy&build strategy.
“”– Pierre Brisset, CEO, Aserti“It was a great pleasure to work with the Investec teams on the sale of the ASERTI Group, several years after an initial collaboration that had already proved highly successful. Their professionalism, commitment, responsiveness, attentiveness and the quality of their advice fully met both expectations and the challenges of the transaction. Beyond their expertise, I particularly appreciated the mindset, shared values and genuine kindness demonstrated by the teams. This human dimension, combined with strong collective efficiency, enabled the development of an excellent working relationship with the ASERTI teams and all stakeholders involved in the project.
My sincere thanks go in particular to Michel Degryck, Christopher Martin, Louis Le Clec’h, Florian Cramier Desgeorges, as well as their respective teams, for their support throughout the transaction.”
About Parquest
Founded in 2002, Parquest is a recognised private equity player in France, focused on the mid-market segment. Parquest supports SMEs and their management teams in implementing ambitious development projects in France and abroad, with a long-term partnership approach.
About Chequers Capital
Founded in Paris in 1972, Chequers Capital is a longstanding European private equity firm, specialised in pan-European mid-market buy-outs of B2B companies. Chequers partners with entrepreneurs and management teams over the long term, leveraging its investment experience and network of experts to support their growth, international development and value creation projects.
Our role
Investec supported Parquest and Aserti’s management team ahead of and throughout the transaction, initially assisting with the Group’s buy-and-build strategy and the preparation of a potential refinancing to support this roadmap.
Following inbound sponsor interest, the mandate subsequently evolved into a very limited sale process, with Investec coordinating:
- the discussion materials,
- due diligence workstreams,
- management coaching,
- negotiation of the transaction terms.
