King & Wood Mallesons SJ Berwin advised Eurazeo PME on the acquisition of the French company Vignal Systems. At the end of the closing, Eurazeo PME will own 71% of the capital, alongside management.

Eurazeo PME is the subsidiary of Eurazeo dedicated to majority investments in profitable French SMEs with an enterprise value of less than €200 million.

Vignal Systems is a European leader in signalling lights for industrial and commercial vehicles. It has more than 40% market share in rear signalling lights for trucks in Europe and employs 230 people. In 2013 the company generated an annual turnover of almost €50 million, an increase of more than 18% compared to 2008.

As a result of this transaction, Eurazeo PME will be able to support Vignal’s growth and its aim to more than double in size within three to five years.

The King & Wood Mallesons SJ Berwin team was composed of Corporate partner Maxence Bloch and associates Isabelle Meyrier and Chloé Vu Thien, Tax partner Fanny Combourieu and associate Gwenaël Kropfinger, and Finance associate Marc Zerah.