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Case study
Nexia S&A facilitates ESG diagnosis for a majority stake acquisition
Ciclad is a French private equity firm which invests in SMEs poised for significant growth.
They recently acquired a majority stake in Logiprox, a company that makes vending machines and smart lockers. Logiprox has about 20 employees and aims to reach a turnover of €5 million in 2024. Additionally, Logiprox aims to triple its fleet size within five years, necessitating strategic planning and operational scaling. Nexia S&A conducted an ESG evaluation for them.
The client challenge
The client challenge revolved around Logiprox’s need, as target, to navigate a major transition to facilitate a majority stake acquisition by Ciclad. This entailed managing growth expectations, strengthening client and partner relationships, and expanding product applications, particularly in the medical sector.
The solution
The applied solution by Nexia S&A involved conducting an ESG (Environmental, Social, and Governance) diagnosis of Logiprox as part of the majority stake acquisition led by Ciclad. This comprehensive assessment allowed Logiprox to align its practices with sustainability standards and identify areas for improvement. Additionally, Nexia S&A provided strategic advisory services to support Logiprox in achieving its growth targets, strengthening client and partner relationships, and diversifying product applications, particularly in the medical sector.
Value
Nexia S&A’s involvement in conducting the ESG diagnosis provided Logiprox with valuable strategic guidance. By evaluating Logiprox’s environmental, social, and governance practices, Nexia S&A helped identify areas for improvement and aligned Logiprox’s operations with sustainability standards that resonated with the majority stake investor. The transaction was successful.
About the Nexia Member Firm
Nexia S&A, a partner in the growth of SMEs and mid-cap companies, provides its clients with relevant and value-creating solutions in the fields of accounting and finance. In France, more than 500 employees, including 50 partners, support 3,500 clients at every stage of their development with missions in audit, accounting expertise, and financial advisory.
