Paris, 30 January 2023. The strategy and leadership development consulting firm Neovian Partners has supported the investment fund Sparring Capital in carrying out the buy-side Strategic Due Diligence of Kit Utilitaire and MyKitVan.
In line with the “Do It Yourself” trend, Kit Utilitaire enables their clients to fit out their LCV, for all brands, in a quick and intuitive way. The intuitive installation of the kits allows a very quick fitting, without immobilizing the vehicle, which is a major competitive advantage to meet the needs of professional customers. MyKitVan specialises in fitting out vans, having succeeded in setting up a differentiating multi-chassis strategy and surfing on the rise of slow tourism. The group’s activity will also benefit from a new production tool that will enable it to achieve its objectives.
Founded in 2008 and headed by Stephane Poppoff, Kit Utilitaire and MyKitVan have now roughly 35 employees, are nationwide with over 1.100 distributors, more than 5.000 references, multi-channel distribution and have a total turnover of around €12m, growing at a rate of around 20% per year over the last few years.
Sparring Capital’s support will enable Kit Utilitaire and MyKitVan to accelerate their growth and reach the ambitions of the management, also taking advantage of the evangelisation of the vehicle fitting-out offer and the growth of slow tourism.
Under the supervision of Patrick Richer and Sélim Bouaïcha, Neovian Partners has validated Kit Utilitaire’s and MyKitVan’s positioning on their markets and their ability to achieve their Business Plan in the next years.
“ It was a pleasure to accompany Sparring Capital on this exciting project. Kit Utilitaire’s and MyKitVan’s growth prospects are high, in markets that have undergone many changes following Covid-19 and benefit from major growth levers in the future.”
Patrick Richer, Founding 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