BT2i and JV Group: A strategic merger under the guidance of Tikehau capital

Altaïr Avocats assisted JV Group and its management in their merger with BT2I. These two major players in the aerospace and defense sector have announced their merger under the aegis of Tikehau Capital, alternative asset manager and majority shareholder in both groups. This merger is a strategic move to consolidate the French market for high-mix low-volume players (production of complex small and medium-sized series).

Both based in the South-West of France, the two companies aim to complement each other. JV Group specializes in the manufacture of prototypes and small series of parts for the defense and space industries. BT2i, meanwhile, is an expert in aircraft and helicopter structures for the defense industry, including Dassault and Airbus.

The aim of this merger is to improve the group’s operational performance and production capacity, to enhance its attractiveness and optimize the support it provides to its customers in their growth and development objectives. At the same time, the new group aims to strengthen its presence in three balanced markets (commercial, space and defense).

Altaïr Avocats assisted JV Group and its managers with the corporate aspects of their exit from the capital and their merger with BT2i.

The participants in this operation :

• Company Investment banker: M&A advisor OAKLINS, Raphaël Petit, Sophie Zanella, Théo Cavalière
• Acquirer Investment banker: M&A advisor VULCAIN, Gauthier Baijot
• Purchaser Corporate lawyer: RENAULT THOMINETTE VIGNAUD & REEVE
• Legal and tax auditor: GRANT THORNTON SOCIÉTÉ D’AVOCATS
• Financial auditor: GRANT THORNTON TAS