FIMIEEC, a funds investment company managed by InnovaFonds, has entered in the capital of ICAPE Group to support Mr.Thierry Ballenghien, President and founder of ICAPE, in his projects of development.
ICAPE, founded in 1999, has been established as a major player in the activities of “High Mix Low Volume” Printed Circuit Board (PCB) and Custom-Made Technical Parts in Europe for over a decade. ICAPE proposes a complete range of PCB: from very simple Single Side to complex Multilayer, Flexible PCB, Flex-rigid and Special (Aluminum, Teflon, Hard-gold etc.).
ICAPE Group is present in Europe, Asia, USA and South America, employs 150 professionals and enjoyed a growth of 30% of its turnover in 2012, at 44 M€. It achieves 80% of its business at export and plans to double its turnover in 4 years. To support its business strongly international oriented, ICAPE Group currently has 6 sales offices in the world.
FIMIEEC has invested nearly 3 M€ in ICAPE Group to accompany the growth of the latter. It targets external growth operations to strengthen the offer of services of the Group and extend its sales organization. « ICAPE enjoys good reputation and recognition in its know-how and an efficient international organization, enabling it to reach its business targets. Indeed, the quality of its services, and the motivation of its teams federated around Thierry Ballenghien, make the strength of the Group in the execution of its strategy.» underscored Anthony Dubut, associate of FIMEEC / InnovaFonds.
For Thierry Ballenghien, « This partnership with InnovaFonds is the way for ICAPE Group to pursue its important international development. The external growths we envision will enable industrial and commercial synergies, and will complete the strong dynamics of our organic growth (+ 30 % per annum). The shareholder structure of our Group is now well balanced, with a group of executives and managers who operate the company with enthusiasm on the one hand, and a solid financial partner supporting us on the other hand.»
Type of operation : Capital Development
Investor : InnovaFonds / FIMIEEC (Anthony Dubut, Yonathan Elmalem)
President of ICAPE Group: Thierry Ballenghien