Capital Croissance has invested in STid, acquiring a minority stake to aid in the company's ambitious growth strategy in the secure identification technology market.

Information on the Target

Capital Croissance has acquired a minority stake in the STid group through a development capital operation alongside key executives and managers, including Vincent Dupart, the current majority stakeholder and CEO. This marks the third investment from Capital Croissance's CAIRN Capital III fund and the first from the fund's 'growth equity' segment, which is dedicated to growth-oriented SMEs.

Founded in 1996 and based in Gréasque near Aix-en-Provence, STid is a leading French provider of secure contactless identification solutions utilizing RFID, NFC, Bluetooth, UHF and Ultra Wide Band technologies. As a fabless equipment manufacturer, STid employs approximately 160 individuals and serves over 600 clients annually, including assemblers, integrators, and installers. Notably, more than 50% of STid's revenue is generated internationally through its offices in the UK, the United States, Mexico, and Dubai, as well as partnerships with major distributors and strategic partners such as Honeywell, Siemens, and JCI. STid also offers specialized products for object traceability in high-security contexts, particularly for military and critical aircraft maintenance applications.

Industry Overview

The contactless identification technology industry in France has been experiencing robust growth, driven by increasing demand for secure and efficient identification solutions across various sectors. The rise in automation and digitalization across industries has further pro