MVG
8
Feb’ 2021

CAPZA arranges an unitranche facility to support the acquisition of MVG

CAPZA arranges an unitranche facility to finance the acquisition of a majority stake in MVG by HLD Europe.

CAPZA, with the support from Bpifrance private debt fund, arranges an unitranche facility to finance the acquisition of a majority stake in the listed company Microwave Vision Group by HLD Europe.

 

Founded as a spin-off of the French engineering school Supelec in 1986, Microwave Vision Group has established itself as a global leader in electromagnetic wave fields measurement systems.

 

Microwave Vision Group designs and provides solutions to test and measure antenna performance and personal exposure levels to electromagnetic fields. Thanks to its cutting-edge technology for the visualization of electromagnetic waves, Microwave Vision Group serves a large and loyal blue-chip client base across the world, in the Telecommunication, Defense and Aerospace industries.

MVG has been an outstanding growth story built on strong fundamentals by a seasoned and committed management team
“ 
Jean-Marc Fiamma, Partner at CAPZA

MVG employs more than 370 people of over 36 nationalities, operating across 10 countries, and generates more than 90% of its revenue outside France.

 

CAPZA, with the support from Bpifrance private debt fund, arranges an unitranche facility to finance the acquisition of Microwave Vision Group by HLD Europe with a first block acquisition of 55% of the capital completed the 28th of January 2021.

 

With more than €750 million invested in the Tech area through its various strategies, CAPZA has completed more than 40 transactions in this sector.


Philippe Garreau, CEO of MVG,
declares: “CAPZA has been able to come up with a flexible proposal designed to finance the transaction with HLD and to support MVG in its upcoming projects. All the major players in the telecommunications, aerospace and defense sectors are spurred on by the roll-out of the 5G and the new security and monitoring issues. MVG develops the fast, accurate and innovative instrumentation to deal with these issues. Thus, over the next few years, MVG must accelerate the growth path and strengthen its leading position still further”.

 

Jean-Marc Fiamma, Partner at CAPZA, declares: “MVG has been an outstanding growth story built on strong fundamentals by a seasoned and committed management team with a clear strategic roadmap. We are very proud to support the group in this new chapter of its ambitious development plan”.

Private Debt
Private Debt
Leading mid-market
direct lender
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100 transactions since 2005
Source: CAPZA as of 03/31/2021
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