The investment company listed on the Luxembourg Stock Exchange, Luxempart, announced on 6 February that it was taking a 26% stake in the holding company Kestrel Vision. The transaction is worth €110m. This is slightly higher than the usual range of €50m to €100m for Luxempart. “But we have a certain amount of flexibility depending on opportunities. This was justified here,” it told Delano’s sister publication Paperjam. The amount will be placed in a new investment vehicle (newco), and will allow Caravelle, a French family investment company present since 2017 in the capital, to recover part of the investments made in recent years for the development of Kestrel. The holding’s management is also part of the capital.
Kestrel Vision, formerly Tiama, is a holding company based in Lyon under which six companies specialise in the control of packaging. Using innovative techniques, the firm checks food, pharmaceutical, cosmetic and other containers in order to identify those that do not meet the necessary conformity criteria. It employs 900 people, including 260 R&D engineers.
“Kestrel Vision, led by an outstanding management team, enjoys significant growth perspectives that Luxempart will be pleased to support by all means,” commented Olaf Kordes, managing director of Luxempart.
This article was published in French on Paperjam and translated for Delano.