{"id":11084,"date":"2023-04-11T16:52:21","date_gmt":"2023-04-11T14:52:21","guid":{"rendered":"https:\/\/www.hoche-avocats.com\/?p=11084"},"modified":"2023-07-24T16:58:53","modified_gmt":"2023-07-24T14:58:53","slug":"hoche-avocats-advises-alvest-on-the-sale-of-adhetec-to-adagia-partners","status":"publish","type":"post","link":"https:\/\/www.hoche-avocats.com\/en\/hoche-avocats-advises-alvest-on-the-sale-of-adhetec-to-adagia-partners\/","title":{"rendered":"Hoche Avocats advises Alvest on the sale of Adhetec to Adagia Partners"},"content":{"rendered":"<p>The Alvest group sells its subsidiary Adhetec to Adagia Partners.<br \/>\nAlvest is a company dedicated to the design, manufacturing and distribution of technical products and sustainable solutions for the aviation industry.<br \/>\nThe 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.<br \/>\nFollowing 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.<br \/>\nThe Alvest group achieved sales of \u20ac39 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.<br \/>\nWith this operation, the Alvest group is refocusing on its core business, to support the rebound in airport equipment sales and its new service activities.<\/p>\n<p style=\"text-align: center;\">***<\/p>\n<p>Legal counsel to the sellers: <em><strong>Hoche Avocats<\/strong> <\/em>&#8211; Corporate: Jean-Luc Blein, partner, Amandine Doury, counsel, Thibault de Dieuleveult, associate.<\/p>\n<p>Legal counsel to the Management : <em><strong>Paul Hastings<\/strong><\/em> &#8211; Corporate: Alexis Terray, partner.<\/p>\n<p>Adagia Partners was advised by <em><strong>Willkie Farr &amp; Gallagher<\/strong><\/em>, with Christophe Garaud, partner, Sarah Bibas, and Faustine Mazza, corporate associates.<\/p>\n<p>Bpifrance was advised by <em><strong>Villey Girard Grolleaud<\/strong> <\/em>&#8211; Corporate: Fr\u00e9d\u00e9ric Grillier, partner, Alexandre Reignier, corporate.<\/p>\n<p>&nbsp;<\/p>\n<p><em><a href=\"https:\/\/www.hoche-avocats.com\/wp-content\/uploads\/2023\/04\/CP-2023-04-09-Hoche-Avocats-conseille-Alvest-dans-le-cadre-de-la-cession-dAdhetec-a-Adagia-Partners.pdf\" target=\"_blank\" rel=\"noopener\">Hoche News \u2013 12 April 2023<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/www.lemondedudroit.fr\/deals\/86834-hoche-avocats-conseille-alvest-cession-adhetec-a-adagia-partners.html\" target=\"_blank\" rel=\"noopener\">Le Monde du Droit \u2013 13 April 2023<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/www.lesechos.fr\/pme-regions\/occitanie\/aeronautique-alvest-se-separe-des-adhesifs-adhetec-1933219\" target=\"_blank\" rel=\"noopener\">Les Echos \u2013 7 April 2023<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/www.lja.fr\/deals\/quatre-cabinets-sur-le-spin-off-dadhetec-772318.php\" target=\"_blank\" rel=\"noopener\">LJA \u2013 April 2023<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/globallegalchronicle.com\/france\/acquisition-par-adagia-partners-dune-participation-majoritaire-dans-adhetec\/\" target=\"_blank\" rel=\"noopener\">Globallegalchronicle \u2013 5 April 2023<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/www.cfnews.net\/L-actualite\/LBO\/Operations\/Spin-off\/Adhetec-decolle-avec-deux-fonds-434816\" target=\"_blank\" rel=\"noopener\">CFnews \u2013 17 March 2023<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/presse.bpifrance.fr\/adagia-partners-et-bpifrance-annoncent-la-signature-dun-accord-dexclusivite-avec-alvest-en-vue-dacquerir-adhetec-leader-des-solutions-adhesives-techniques-pour-laeronautique\/\" target=\"_blank\" rel=\"noopener\">BPI France &#8211; 16 March 2023<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/www.linforme.com\/industrie\/article\/le-fonds-adagia-partners-va-s-offrir-adhetec-champion-francais-des-adhesifs-industriels_467.html\" target=\"_blank\" rel=\"noopener\">L\u2019inform\u00e9 \u2013 15 March 2023<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-11084","post","type-post","status-publish","format-standard","hentry","category-track-record"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hoche Avocats advises Alvest on the sale of Adhetec to Adagia Partners - Hoche Avocats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hoche-avocats.com\/en\/hoche-avocats-advises-alvest-on-the-sale-of-adhetec-to-adagia-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hoche Avocats advises Alvest on the sale of Adhetec to Adagia Partners - Hoche Avocats\" \/>\n<meta property=\"og:description\" content=\"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. 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