Press release: A fourth successful fundraising, to continue to support our customers
Socomore has just completed its fourth capital development program for a total of €55 million.
CM-CIC Investissement, a subsidiary of the Crédit Mutuel-CM11 group and the leading shareholder since 2011, and RAISE, a new investor, equally increased their subscribed capital in the holding company by €40 million.
ACE Management, a shareholder since 2013, and BPI France, an incoming investor, have also boosted the Group’s resources by €15 million.
The Group remains under the control of Frédéric Lescure.
This program gives the Socomore Group the growth capital to develop into a critical size world-class supplier to the Aerospace industry by supporting its international development, particularly in North America and Asia. Part of the global consolidation movement of aerospace approved chemical suppliers; Socomore is focusing on a dual development strategy: grow externally and organically, primarily in the US, and diversify its business portfolio.
Frédéric Lescure “is delighted by the renewed confidence of CM-CIC Investissement and ACE Management and thanks them for increasing the number of investors with RAISE and Bpifrance. This 4th funding program will allow us to invest in our production tools and finance our future acquisitions, in order to support the significant “ramp-up” of customers and meet the associated economic challenges “.
As for our financial partners, they are pleased to support the Group, led by a quality and complementary management team and by talented teams, in its growth.