Elaïs Lifts Off in First Deal with France Elevateur
September 29, 2014
Elaïs Capital has announced the completion of its first deal with an equity investment in France Elevateur; Argos Expansion and Capital Export co-invested. Founded in 1986, France Elevateur manufactures aerial lifts for trucks, light vehicles and vans, among other specific machines. Growing at a rate of 10%+ per annum over the past five years, it employs over 200 persons and generated revenues of €41 million ($52 million) in 2013. Through the deal, France Elevateur has secured financing to roll out its expansion plans for the next half-decade. Created to provide a direct investment offer to major private investors, Elaïs will deploy between €10 million ($12.7 million) and €40 million ($51 million) annually in French-based SMEs with EVs ranging from €20 million ($25 million) to €100 million ($127 million).