Hoche Avocats advises Alvest on the sale of Adhetec to Adagia Partners

The Alvest group sells its subsidiary Adhetec to Adagia Partners.
Alvest is a company dedicated to the design, manufacturing and distribution of technical products and sustainable solutions for the aviation industry.
The Alvest group has entered into exclusive negotiations with Adagia Partners, a European private equity firm, and Bpifrance for the acquisition, alongside management, of Adhetec, world leader in technical adhesives for the aerospace industry.
Following the transaction, scheduled for the end of April, the Adagia Partners fund will hold 75% of the capital, Bpifrance 22% and some twenty managers 3%. Adhetec designs and manufactures high-tech polymer adhesives for decoration, protection and masking.
The Alvest group achieved sales of €39 million in 2022, with 70% in aeronautics and the remainder in the automotive, rail and industrial sectors. It employs 170 people, including 140 in Tarbes and Colomiers (Haute-Garonne), 20 in Canada and a few in the USA and China.
With this operation, the Alvest group is refocusing on its core business, to support the rebound in airport equipment sales and its new service activities.


Legal counsel to the sellers: Hoche Avocats – Corporate: Jean-Luc Blein, partner, Amandine Doury, counsel, Thibault de Dieuleveult, associate.

Legal counsel to the Management : Paul Hastings – Corporate: Alexis Terray, partner.

Adagia Partners was advised by Willkie Farr & Gallagher, with Christophe Garaud, partner, Sarah Bibas, and Faustine Mazza, corporate associates.

Bpifrance was advised by Villey Girard Grolleaud – Corporate: Frédéric Grillier, partner, Alexandre Reignier, corporate.


Hoche News – 12 April 2023

Le Monde du Droit – 13 April 2023

Les Echos – 7 April 2023

LJA – April 2023

Globallegalchronicle – 5 April 2023

CFnews – 17 March 2023

BPI France – 16 March 2023

L’informé – 15 March 2023

The team:

  • Jean-Luc Blein

    Tel. +33 (0)1 53 93 22 00 See more
  • Amandine Doury

    Tel. +33 (0)1 53 93 22 00 See more
  • Thibault de Dieuleveult

    Tel. +33 (0)1 53 93 22 00 See more