ORCA Développement is a
pan-European leader on two polymer related niche markets within the technical fabrics segment:
- Technical coated fabrics (historical activity of the Group), being mainly operated through the recognized Orca brand. The Group offers a large range of engineered fabrics to meet all the specific requirements of a broad range of applications (inflatable boats for both leisure and professional end-markets, transport, energy, aerospace, industry, etc.)
- Thermoplastic multilayer technical films (activity resulting from the acquisition of Fait Plast in 2017): the Group manufactures various products (thermo-adhesive films, breathable membranes, barrier films, custom-developed films, etc.) addressing diverse applications, very complementary to the technical coated fabrics ones (apparel, luxury, automotive, etc.)
ORCA Développement benefits from
market leading positions on its two businesses and
strong relationships with about 1,000 international clients. The Group
owns and operates two state-of-the art facilities in Mouscron (Belgium) and in Brescia (Italy), which both benefit from
continuous investments in their production tools.
After the acquisition of a majority stake by IDI in 2015, the Management team led by
Emmanuel Capriglione (CEO) has
successfully conducted the acquisition of
Fait Plast in 2017 and
has acquired in June 2019 a majority stake in the Angeloni-Impregnatex group.
Angeloni-Impregatex is a group of companies specialized in the production of
carbon & high-tech fiber composites used in a wide variety of applications including in the very high end automotive industry (“racing” and “supercars”) as well as sport, leisure and industry.
Angeloni-Impregnatex runs
3 state-of-the art production facilities in the Milan and Venice areas.
Pro-forma of the acquisition of Angeloni-Impregnatex, ORCA Développement will generate consolidated revenues of above €120m in 2019.
In order to refinance the existing indebtedness and to finance the acquisition of Angeloni-Impregnatex, ORCA Développement subscribed a new senior financing arranged by Caisse d’Epargne Hauts de France with the support of BNP Paribas, Arkéa and Tikehau.
Natixis Partners advised ORCA Développement and IDI in this financing.
