EIRENE
Eiréné is an LBO fund which aims to take majority shareholder positions to accelerate the development of French companies in the strategic security and defense sector.
With Eiréné, our aim is to support SMEs/mid-caps that play a key role for French and European sovereignty. Being part of a French sector of excellence, these companies have strong organic growth potential both in France and abroad. Their technological and dual character (i.e. both civil and defense) allows these companies to be resilient in the face of economic cycles and to have strong restrictive market entry.
The Eiréné fund thus participates in the development of technologies and industrial know-how with high added value by relying on skilled jobs, regionally anchored, contributing positively to the trade balance and the reindustrialization of the country.
Approach promote the creation of French and European leaders as part of ambitious external growth strategies
The security and defense sector is an industry in which France is one of the world leaders. For several years, this industry has experienced strong development on a global scale due to the increase of threats and geopolitical tensions. The French sector remains fragmented and its structuring is a major challenge in order to maintain it at the best world standards.
Eiréné therefore aims to promote the creation of French and European leaders as part of ambitious external growth strategies.
Investment criteria priority to primary operations on growing and profitable companies
The Eiréné fund has a unique profile in France where there is no majority LBO fund dedicated to security and defense sectors. Thanks to this investment profile and a team of dedicated specialists who is fully aware of the specificities of the sector, the Eiréné fund can provide appropriate support to companies, whether for their organic growth or their external growth projects.
The companies we will support have an enterprise value of circa €30 to €100 million. We target dual companies that cover many activities: manufacturing of components, development of systems or equipment, provision of services, etc. The fund also addresses all segments of the sector: aeronautics, naval, land, space, electronics, security, cyber, etc.
Investment cycle fostering the emergence of French and European leaders
Our team of dedicated investors with a recognized sector expertise allows us to quickly understand the strategic value of companies as well as their development potential. We generally act in the context of primary transactions and we focus on five value creation criteria:
- structuring and development of teams;
- support for technological development;
- acceleration of organic growth (capacity development, strengthening of duality and internationalization);
- external growth in France and Europe;
- ESG support.
We regularly work with partners and co-investors in order to maximize value creation.
In brief Investment profile
| TARGET UNIVERSE | SMEs/mid-caps |
|---|---|
| SECTOR SPECIALIZATION | Security and defense |
| TARGET ENTREPRISE VALUE RANGE | €30 million – €100 million |
| GEOGRAPHIC FOCUS | France and Europe |
| INVESTMENT TYPE | Majority interest |
| INVESTMENT HORIZON | 4-6 years |