Information on the target
The VMI-Jokon Group, a Franco-German specialist in technical components and systems for mobility markets, has been acquired by Hivest Capital Partners through a majority leveraged buyout (LBO) finalized on July 30, 2026. The acquisition process was facilitated by Financière de Courcelles, which advised Marc Laisné, the majority shareholder of the Group, along with the management team. Following the transaction, Marc Laisné and the management team retained nearly 40% of the capital.
Founded in 2009, VMI emerged from the acquisition of Molex's connectivity activities by Marc Laisné and his team. The company is recognized for its expertise in automotive connectivity, designing and manufacturing electrical connectors for the automotive industry. Based in Villemur-sur-Tarn, France, VMI employs a "design-to-cost" engineering approach and operates an integrated testing laboratory, delivering over 350 million parts annually to Tier 1 cable manufacturers and equipment suppliers. Jokon, established in 1948 in Germany, specializes in designing and manufacturing lighting and signaling systems for recreational vehicles, buses, trailers, and agricultural machinery. As a European leader in the leisure vehicle market, Jokon combines fully internal development with predominantly in-house production, offering a catalog of nearly 3,000 references to over 600 clients from its facilities in Bonn, Germany, and Folschviller, Moselle.
Industry overview in the target’s specific country
The Automotive Systems industry in France is characterized by a robust framework of innovation and technological advancement, driven by a strong emphasis on sustainability and efficiency. France is home to several key players in the automotive sector, which includes manufacturers, suppliers, and specialized firms like VMI and Jokon. The industry is undergoing significant transformation, with a shift towards electric and hybrid vehicles, necessitating advanced automotive systems that enhance performance and safety.
In recent years, the French government has implemented various initiatives to support the automotive industry, including investments in research and development, as well as incentives for electric vehicle production. This has created a conducive environment for companies specializing in automotive systems, as they are increasingly called upon to develop cutting-edge technologies that meet evolving regulatory standards and consumer demands.
Moreover, the French automotive supply chain is marked by strong collaboration between manufacturers and suppliers, fostering innovation and efficiency. Companies like VMI and Jokon benefit from this ecosystem, leveraging their technical expertise and long-standing relationships with major automotive players to secure contracts and drive growth. The focus on high-value, niche segments with significant barriers to entry, such as OEM certifications and proprietary designs, further strengthens their market position.
As the industry continues to evolve, the demand for advanced automotive systems is expected to rise, particularly in the context of electrification and automation. This presents …