Isatis Capital announces a majority buyout of the 3R Industries Group

Founded in 1976, the 3R Group is a leading equipment manufacturer in the design, manufacturing, and distribution of computerized material testing machines for major players in industries such as aerospace, civil engineering, materials science, energy, and more.

Based in Montauban, the Group has a design office that fully designs the machines, which are assembled on-site. Over the years, the Group has also developed a significant distribution and services division to assist its clients closely with their needs and ensure a high level of satisfaction. This division provides assembly, installation, and maintenance services for its machinery fleet. 3R equipment has been awarded the "Origine France Garantie" label since 2012.

Employing nearly 90 employees and generating a turnover of over €20 million, 3R is present with major clients who require high levels of certification, both in France and internationally.

This transmission operation is based on a highly value-enhancing structuring of a pool of managers, who have been with the company for many years. The new management will be led by Benjamin Bovo and Julien Manchon, respectively Chief Executive Officer and Chief Financial Officer.

This transaction aligns with the core objectives of Isatis Capital’s strategy, similar to its ongoing fund Isatis Flex Transmission 1: preserving industrial and technological know-how, strengthening the company's human capital, and significantly empowering key managers.

"We are very pleased to welcome Isatis Capital and Bpifrance to the capital of our family group. Our shared entrepreneurial values are the foundation of our partnership, following a process led by the SG M&A team, who structured the transmission deal, and we thank them for their advice and the tailored support we received during this crucial step. With the support of the teams at Isatis and Bpifrance, our managers, who have now become shareholders, are well-equipped to capture market share and continue the company's development," explain Diana and Jean-Baptiste Rémy, the leaders and representatives of the historical shareholders of the Group.

"Well positioned in its niche markets, the Group has become indispensable to major industrial clients. We are pleased to support the managers and the new leadership team, still backed by the founders, in this next stage of growth. Among the identified goals, one of the key objectives will be to expand the business internationally," adds Brice Couton, Investment Director at Isatis Capital.

"We are very excited about supporting this majority takeover of the 3R Group, having implemented our internal methodology developed with our partners in the evaluation and strengthening of the company's human capital," adds Yonathan Elmalem, Managing Partner at Isatis Capital.

Investors :

• Isatis Capital: Yonathan Elmalem, Brice Couton, Nicolas Bugy
• Bpifrance: Christine Busque, Thierry Decker

Investor Advisors :

• Legal Advisor: Taylor Wessing – Laurence Lapeyre, Dalila Mabrouki, Charlène Fofana
• Tax Advisor: Taylor Wessing – Gwendal Chatain
• Financing Advisor: Taylor Wessing – Guillaume Monnier
• Financial Advisor: Crowe HAF – Thomas Corbineau, Julien Latrubesse, Olivier Charlier
• HR Advisor: Groupe Référence – Marc Joubert, Emilie Richard

Seller Advisors :

• Investment Bank: Société Générale CIB – Raphaël Aubry-Marais, Andriy Gromov
• Legal Advisor: Lamartine Conseil – Fabien Mauvais, Valentine Berquet, Bertrand Hermant
• Financial Advisor: Mortier & Co – Olivier Mortier, Lucas Reynier, Jonathan Haidar

Financing :

• Lenders: CIC – Louis-Frédéric Brun, Arthur Arramon-Tucoo, Société Générale – Aurélien Saurin, BNP Paribas – Guillaume Escat
• Legal Advisor : Volt Associés – Alexandre Tron, Morgane Le Gallic, Valérie Zinsou, Maia Rideau

Isatis Capital is an independent asset management company that has been investing in equity for 20 years alongside ambitious entrepreneurs looking to grow their SMEs. A long-term investor, Isatis Capital takes minority or majority stakes and brings its expertise to support business growth.

A signatory of the UN Principles for Responsible Investment and the iCi Charter, and a member of the TCFD, Isatis Capital is committed to adhering to ESG (Environmental, Social, and Governance) principles both in its operations and investment activities.

The company manages €480 million in assets across several funds dedicated to institutional clients, or distributed through private banks and wealth management advisors.