The Eiréné fund, dedicated to supporting SMEs/mid-caps in the security and defense sector, is making its first investment in the Semip-Codechamp group to support its next growth stage. Eiréné is partnering with the group as the majority shareholder, alongside the management team who is reinvesting significantly in the operation.
Founded in 1959 and led by Serge Finkelstein, the Semip-Codechamp group is a key player in the field of high-performance angular position sensors, serving the most demanding markets such as defense, space, civilian nuclear, and motor racing. With innovation at the core of its strategy, the group has around sixty employees, a quarter of whom are involved in the design office and R&D.
The group’s development, targeting prestigious clients, has been built on an unique expertise, on innovation, and on its products known for their excellence and performance through Europe.
Weinberg Capital Partners’ investment in Semip-Codechamp will accelerate the development and structuring of the group and support its growth ambitions in its core markets as well as new markets (civilian and international), and initiate an external growth strategy.
The significant reinvestment of the management team alongside Weinberg Capital Partners is a proof of its strong belief in the group’s development potential.
This primary operation, the first for the Eiréné fund, is at the heart of Weinberg Capital Partners’ expertise: supporting and structuring a group to accelerate its development through organic and external growth.
The completion of the transaction, subject to the usual authorizations, is expected by the end of June.
Founded in 2005, Weinberg Capital Partners is an independent investment company historically active in buy-out capital, which expanded its field of intervention to real estate assets in 2008, and has been investing since 2015 in the capital of listed French SMEs/mid-caps as a minority shareholder with an active, friendly and long-term approach. In 2020, Weinberg Capital Partners added its capacity to invest in SMEs/mid-caps with a minority strategy focused on sustainable development issues, which offers extra-financial support known as impact, to better prepare companies for environmental and societal challenges. In 2023, Weinberg Capital Partners created a new fund, Eiréné, dedicated to the development of SMEs/mid-caps in the security and defense sector.
With €1,3 billion of assets under management, Weinberg Capital Partners is a significant player in the mid-market equity segment in France.
Weinberg Capital Partners is a signatory of the PRI, a member of the International Climate Initiative and an active responsible investor.
Weinberg Capital Partners supports Télémaque, an association for equal opportunities in education.
For more information: weinbergcapital.com.
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Semip-Codechamp is a strategic supplier of critical components to top-tier clients in the field of advanced angular position sensors. The group focuses on applications that require a very high level of performance, such as defense, space, nuclear, and motor racing. Its product portfolio (including optical encoders and potentiometers) is renowned for its excellence and quality. The group is the sole player in Europe to offer such a level of precision with its optical sensors, known for their reliability and durability.
Semip-Codechamp brings together nearly 60 employees across its sites in Argenteuil (Île-de-France) and Champagnat (Nouvelle-Aquitaine).
For more information: www.position-sensor.com/fr
Bérengère Beaujean
Communication Manager
berengere.beaujean@weinbergcapital.com
+ 33 7 85 58 29 73
