On March 8th, 2022, MBO & Co, alongside Raise Investissement and Arkea Capital, completed the sale of LMB to Tikehau, Ace Capital, Amundi PEF, IDIA Capital Investissement and GSO.
Since MBO & Co’s investment in 2012, LMB – designer and manufacturer of small and medium series of fans and cooling solutions for critical applications in the aerospace industry – tripled its size reaching nearly €30m in 2022 (of which 75% is carried out abroad), while improving significantly its profitability.
Since Honeywell’s spin-off, MBO & Co has supported the management in the elaboration of its strategic plan and its operational implementation by setting up high-level governance: opening of a subsidiary in Singapore and development of LMB on the Chinese market, acquisition of LMB’s distributor in the US and relocation of Thomas Bernard in Florida to manage the group while developing the American market, consolidation of the supply chain…
Eric Dejoie, Partner at MBO & Co, stated: “Over the past 10 years, LMB’s team, led by Thomas Bernard, has done an exceptional job of transforming and optimising the company’s business model, as well as expanding commercially, enabling LMB to become a major global leader. We wish LMB’s management team every success in the next stage of its development“.
Thomas Bernard, president of LMB, stated: “We are very grateful for MBO & Co’s support and confidence over the years –in orchestrating Honeywell’s spin-off, in the strategic thinking, as well as in accompanying the acceleration of our international expansion. We are entering a new growth cycle with solid fundamentals that will enable us to take advantage of current market opportunities”.