Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company ‘Latour Capital Management SAS’, through its funds ‘Latour Capital IV’ and ‘Latour Co-Invest’, of the ‘Lynxeo’ group, composed of 16 companies owned by ‘Nexans SA’, via the acquisition of 100% of the capital and voting rights of these companies

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘operation summary’ below, containing information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The acquirer: The company ‘Latour Capital Management SAS’ through its funds ‘Latour Capital IV’ and ‘Latour Co-Invest’;
• The target: The ‘Lynxeo’ group composed of 16 companies owned by ‘Nexans SA’.

Nature of the operation

• Exclusive control acquisition.

Economic sectors concerned

• Industrial cables sector.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e. May 7, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation concerning the acquisition by the company ‘Latour Capital Management SAS’, through its funds ‘Latour Capital IV’ and ‘Latour Co-Invest’, of the exclusive control of the 16 entities ‘Lynxeo’ currently owned by ‘Nexans SA’, including ‘Lynxeo Aerospace & Healthcare Morocco SARL’. The 16 Lynxeo entities are part of the ‘industrial cables’ operational unit (formerly Nexans Industry Solutions & Projects).

‘Latour Capital Management SAS’ is a simplified joint-stock company under French law. It is a private equity company that invests, through majority or minority stakes, in globally significant companies. ‘Latour Capital Management SAS’ invests in all sectors, particularly in: business services, industry, and digital services.

‘Nexans SA’, which owns the target companies, is a French public limited company, active in electrification, particularly in the manufacture of cables and cabling systems for energy, infrastructure, industry, and construction. ‘Nexans SA’ operates in 41 countries.

 

Done in Rabat, April 25, 2025