CAPZA announces its exit from Novarc, after successfully supporting the Group’s strategic growth since 2021. This transaction marks the return of the Croullet family and the management team to full ownership of Novarc, reaffirming their long-term commitment to the next phase of development under the “Cap 2030” roadmap.

Founded in 1993 by Frédéric Croullet and led by Jean-Noël Rey, Novarc is a French industrial group that designs, manufactures, and distributes a wide range of specialised products. The Group operates through three divisions: the Safety Division, a European leader in electrical safety equipment for the construction and maintenance of low-, medium-, and high-voltage power lines under the Penta Electrical Safety brand; the Motion & Industry Division, specialising in chemical products for automotive care and industrial applications; and the Networks Division, providing equipment and services for electrical, rail, and telecom networks.
 

CAPZA became a reference minority shareholder of Novarc in July 2021 at the launch of the strategic plan “Cap 2025” and the creation of the Networks Division alongside Bpifrance, BNP Paribas Développement and CASRA Capital. This plan proved highly successful, driven by strong organic growth across all activities, positive tailwinds linked to the electrification trends, and Novarc’s capacity for innovation. With the support of CAPZA, the Group also pursued an ambitious internationalisation strategy, completing notably 10 acquisitions in recent years, half of them abroad in Germany, Spain, Italy, and Australia. These transactions strengthened Novarc’s leadership in its core divisions, expanded its product portfolio, and accelerated its global footprint, while advancing ESG initiatives and digitalisation.

The Croullet family’s decision to regain full ownership underscores their commitment to steering Novarc into its next phase of development and their confidence in the “Cap 2030” strategic plan. This roadmap aims to build on the exceptional performance achieved over the past five years under the business model shaped by Frédéric Croullet, while advancing strong ESG objectives (including carbon neutrality by 2035) supported by proactive investments and rigorous energy management.

Guillaume Basquin, Partner and Head of CAPZA Flex Equity Mid-Market and Marion de Bonneville, Partner at CAPZA, Flex Equity Mid-Market said: “We take great pride in having supported and championed the vision of Frédéric Croullet and the leadership of Jean-Noël Rey, enabling the Group to pursue its international expansion while staying true to its DNA. We wish them every success in delivering the new “Cap 2030” strategic plan, which follows an ambitious trajectory of growth and innovation. We greatly admire their commitment to sustainability and their ambitious ESG goals, including the target of achieving carbon neutrality by 2035.”

Jean-Noël Rey, CEO of Novarc, commented: “The past four years have been transformative with strategic acquisitions, international expansion and new products development. I am really grateful to CAPZA for their solid commitment and expertise throughout this partnership and support in our growth journey. Looking ahead, we are excited to launch the “Cap 2030″ plan with the strong backing of the Croullet family.” ”

 
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