Source: France unquote
27 Aug 2013
State-backed BPI France has injected €1.5m into Brittany-based Sigmaphi, a specialist manufacturer of electro-magnets and particle beam transport lines for particle accelerators.
The fresh funding will allow Sigmaphi to expand into new markets, as well as stabilise the company's finances. The capital injection comes shortly after the company began its pursuit of expansion into the power electronics market.
Company
Founded in 1981, Sigmaphi is based in Vannes and employs 130 staff. The company designs and manufactures electro-magnets and particle beam transport lines for particle accelerators.
Sigmaphi also provides electro-magnets to the healthcare industry, which are used to treat certain cancers as part of hadrontherapy or protontherapy.
According to BPI France, Sigmaphi's turnover doubled between 2010-2012 due to its international expansion, notably into China and Japan. The company's turnover is believed to have sat at €11.3m in 2012 and €5m in 2010.
People
Jean-Luc Lancelot is the director of Sigmaphi. BPI France's Alain Fakhoury led the deal.
Advisers
Equity – Geirec, Stéphane Durand, Jérôme Hostiou (Financial due diligence); PDGB, Roy Arakelian, Benoît Pardigon (Legal).
Company – Mazars, Gérard Tatrie (Corporate finance); Fidal, Marion Megroz-Arzul (Legal).
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