About the deal
Capitalmind Investec has advised HPS International shareholders on its secondary LBO backed by MBO+, Rives Croissance and BNP Paribas Développement
Founded in 1990 and based in Ennery (France), HPS International is the world leader in the design, manufacture and distribution of complex industrial hydraulic cylinders used in highly demanding industrial applications. It generates 80% of its sales internationally.
The group has grown from €14m revenues in 2017 to €41m revenues in 2024 through both organic and external growth. It has completed 4 acquisitions since 2017, including the acquisition of Codipro concurrently to the transaction. Codipro, is a Luxembourg-based specialist in top-of-the-range articulated lifting rings. The aim of this move is to bring together two complementary international players with strong brands, recognised in their respective markets for the quality of their products and services, and whose equipment is critical to the production lines of most industries and essential to safety.
Nearly seven years after its first MBI supported by Capital Export, the group has completed its second LBO backed by MBO+, Rives Croissance and BNP Paribas Développement.
“The HPS Group, in association with the CodiproLux Group, is consolidating almost 80 years of presence in demanding industrial markets, world-renowned brands and more than 14 nationalities among its employees. We are very honored that a fund such as MBO+ has decided to join us. This collaboration will enable our company to confirm its status as a leading international French SME in the market for technological cylinders and lifting systems with a high safety coefficient. We’re ready to take on the new challenges ahead together.” Grégory Poitrasson, President, HPS International
“We are delighted to be supporting Grégory in this new stage in the development of his industrial project on a global scale. HPS is a deal that fits in perfectly with our commitment to supporting talented entrepreneurs running companies developing high added-value products in niche markets. These are entrepreneurial adventures in which MBO+’s expertise comes into its own, particularly when it comes to external growth.” Olivier Delrieu and Raphaël Lahaye, Partners, MBO+
What we did
Capitalmind Investec advised HPS International shareholders throughout the entire double process: supported the exit of current financial sponsors and organized the selection of the next sponsor suited to the group and the management team’s ambition, while executing the acquisition of Codipro with the key challenge of aligning the timeline of the 2 transactions.
