Information on the target
Hivest Capital Partners has acquired Groupe VMI-Jokon, a Franco-German specialist in technical components and systems for mobility markets, alongside its management team. The transaction, structured as a majority leveraged buyout (LBO), was finalized on July 30, 2026, following a process led by Financière de Courcelles, advising Marc Laisné, the majority shareholder of the Group, and the management shareholders. Marc Laisné and the management team retain nearly 40% of the capital in this transaction.
Founded in 2009 through the acquisition of Molex's connectivity activities by Marc Laisné and his team, VMI is recognized for its industrial expertise in automotive connectivity. Based in Villemur-sur-Tarn (Haute-Garonne), the company employs a "design-to-cost" engineering approach and an integrated testing laboratory, delivering over 350 million parts annually to cable manufacturers and Tier 1 automotive suppliers. Founded in 1948 in Germany, Jokon designs and manufactures lighting and signaling systems for motorhomes, buses, trailers, and agricultural machinery. As a European leader in the leisure vehicle market, Jokon operates with an integrated model, combining 100% in-house development and predominantly internalized production, serving over 600 clients from its facilities in Bonn (Germany) and Folschviller (Moselle).
Industry overview in the target’s specific country
The Auto, Truck & Motorcycle Parts (NEC) industry in France is characterized by a robust demand for innovative and high-quality components, driven by the increasing complexity of automotive technology and the growing emphasis on sustainability. The industry has seen significant advancements in electric vehicle (EV) technology, which has prompted manufacturers to invest heavily in research and development to meet evolving consumer preferences and regulatory requirements. This shift towards electrification is reshaping the competitive landscape, with companies focusing on developing lightweight materials and energy-efficient components.
Moreover, the French automotive parts sector benefits from a well-established supply chain and a skilled workforce, which are crucial for maintaining high standards of production and innovation. The presence of major automotive manufacturers in France, coupled with a network of specialized suppliers, creates a dynamic ecosystem that fosters collaboration and technological advancements. This environment is conducive to the growth of niche players like VMI-Jokon, which operate in specialized segments with high barriers to entry.
In addition, the French government has implemented various initiatives to support the automotive industry, including incentives for research and development and investments in infrastructure to facilitate the transition to electric mobility. These measures are expected to bolster the competitiveness of local manufacturers and attract foreign investment, further enhancing the growth prospects of the Auto, Truck & Motorcycle Parts (NEC) industry in France.
As the industry continues to evolve, companies are increasingly focusing on sustainability and circular economy practices, which are becoming essential for long-term success. This trend presents both challenges and opportunities for players in the market, as the…