Neovian Partners supports Naxicap Partners in the carve-out of Cobham Slip Rings
Paris, 17 November 2021. The strategy, leadership and development consultancy Neovian Partners has supported the investment fund Naxicap Partners in conducting the HR Due Diligence of Cobham Slip Rings.
Naxicap Partners has signed an agreement with the Cobham group to acquire its Slip Rings and Rotating Systems operations. The transaction takes the form of a carve-out of the Cobham Electrical and Electronic Equipment division, whose growth Naxicap wished to accelerate, in particular through the implementation of a buy and build strategy.
Cobham’s Slip Rings and Rotating Systems division (Cobham SR) has four production sites, including two in France, one in the USA and one in Sweden; it employs 300 people and has sales of over €50m. The group supplies critical, high performance slip rings and rotating systems for three types of applications including helicopters, wind turbines and radar.
Under the supervision of Annick Kervella, Partner, and with a team composed of Arnaud François, Manager, and Emerik Arnaud, Senior Consultant, Neovian Partners analysed in particular the dynamics between the management of the entities and the group. The firm also advised Naxicap Partners on the organisational adjustments to be made in order to support the Group’s growth in the years to come.
” Annick and her team intervened in a very international context and within a short period of time; the quality of their diagnosis and of the exchanges throughout the project confirmed the organisational decisions that we had foreseen. “
Angèle Faugier, Board Member, Naxicap Partners
” We are delighted to have been able to support the Naxicap Partners teams in this transaction. The complexity of this deal lies in the fact that the Group’s activities are spread over 4 sites in 3 countries and target different types of clients. “
Annick Kervella, Partner, Neovian Partners
About Neovian Partners
Neovian Partners is a consulting firm specializing in the creation of tailored solutions in Strategy, Business Due Diligence, Strategic Screening and HR/Leadership, serving fast-growing investment funds, SMEs and MSCs. Based in Paris and Lyon with a team of about 30 consultants, Neovian Partners is also present internationally, with a network of partner firms with more than 500 employees in 21 countries. Neovian Partners is a generalist firm but with a particularly important project history in software, IT, Internet, Industry, Health and MedTechs, as well as in many niche sectors. More information on : www.neovianpartners.com