NewAlpha Acquires Majority Stake in Presto Engineering
December 12, 2018
NewAlpha Asset Management has acquired a majority stake in Presto Engineering through its Growth Equity fund, investing alongside founder Michel Villemain and with minority participation from Adaxtra Capital and Bpifrance Investissement. The transaction (from sellers Seventure Partners and CM-CIC Capital Privé) will support Presto's international growth, expand its recurring services for the ASIC production value chain, and accelerate deployment into automotive, IoT and other industrial markets.
- Buyers
- NewAlpha Asset Management, Adaxtra Capital, Bpifrance Investissement
- Targets
- Presto Engineering
- Sellers
- Seventure Partners, CM-CIC Capital Privé
- Industry
- Industrial Services
- Location
- Provence-Alpes-Côte d'Azur, France
- Transaction Type
- Growth capital
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