Information on the target
Hivest Capital Partners has successfully acquired VMI-Jokon Group, a Franco-German specialist in technical components and systems for the mobility markets. The transaction, structured as a majority buyout, was completed on July 30, 2026, following a process managed by Financière de Courcelles, which acted as an advisor to Marc Laisné, the Group’s majority shareholder, and the management team. Following the acquisition, Marc Laisné and the management team retained approximately 40% of the share capital.
Founded in 2009, VMI emerged from the acquisition of Molex’s connector activities by Marc Laisné and his team, inheriting a recognized industrial expertise in automotive connectivity. VMI specializes in the design and manufacture of electrical connectors for the automotive industry, producing over 350 million parts annually from its facility in Villemur-sur-Tarn, France. Jokon, established in Germany in 1948, focuses on designing and manufacturing lighting and signaling systems for various vehicles, including motorhomes and agricultural machinery. The integration of Jokon into VMI in 2012 formed the VMI-Jokon Group, which generated nearly €60 million in consolidated revenue in 2025 and employs around 270 people across France and Germany.
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 technologies and the growing emphasis on sustainability. French manufacturers are at the forefront of developing advanced automotive solutions, including electric and hybrid vehicles, which require specialized parts and systems. This shift towards electrification presents significant opportunities for companies like VMI-Jokon, which are well-positioned to meet the evolving needs of the automotive sector.
Moreover, the French automotive parts industry benefits from a strong export market, with many companies supplying components to international automotive manufacturers. The presence of major automotive players in France, coupled with a skilled workforce and a commitment to research and development, fosters a competitive environment that encourages innovation. As the industry adapts to new regulations and consumer preferences, companies that can offer differentiated products and services are likely to thrive.
In addition, the French government has implemented various initiatives to support the automotive sector, including investments in green technologies and incentives for manufacturers to adopt sustainable practices. This regulatory landscape not only enhances the industry's growth prospects but also aligns with the strategic goals of VMI-Jokon, which aims to develop new products and expand its market presence in Europe and North America.
Overall, the Auto, Truck & Motorcycle Parts (NEC) industry in France is poised for growth, driven by technological advancements and a shift towards sustainable mobility sol…