Sale of Bertin Ergonomie to Ciclad

Business Services
Deal type
Carve out / Sell your business
June 2018
Countries involved


CNIM is a French industrial engineering contractor and equipment manufacturer that operates in the sector of Environment, Energy, Defense and High Technologies


Capitalmin has advised the carve-out and sale of Bertin Ergonomie to Ciclad and the management


Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Jean-Arthur Dattée

    Jean-Arthur Dattée

    Partner France

What we did

Capitalmind advised CNIM Group throughout the entire sale process: including preparation of marketing documentation, search and selection of potential buyers, management of the due diligence, assistance in managing carve-out issues, and negotiating the firm offer and legal documentation.

This is the third transaction for CNIM group advised by our teams.

About the deal

Bertin Ergonomie is ‘the ergonomics and human factors’ consulting business of Bertin Technologies – a business unit of CNIM Group, a technology consultancy and engineering company.

Bertin Ergonomie is led by Dominique Soler and Thibaud Blanc, has 90 consultants, and generated revenues of more than €8m in 2017.

This development project is supported by the management team and the private equity house Ciclad, who will provide the capital to accelerate growth. The objective is to strengthen Human Design Group’s position (the company created for the takeover of Bertin Ergonomie) as a leader in its market and to develop a leading company in digital design and transformation consulting services. It plans to achieve this through both organic growth and acquisitions.