Nexans Completes Sale of Lynxeo to Latour Capital
Deal News | Jun 30, 2025 | Globenewswire
Nexans has announced the completion of the sale of its industrial cable division, Lynxeo, to Latour Capital for an enterprise value of €525 million as part of its strategy to focus on the electrification business. Christopher Gurin, CEO of Nexans, expressed that this divestment represents a pivotal step in streamlining Nexans' operations to ensure more efficient resource allocation and pursue sustainable growth in the electrification ecosystem. Lynxeo's acquisition by Latour Capital, a French private equity firm, promises enhanced growth and innovation driven by the firm's seasoned management team. Latour Capital emphasizes its active strategic vision and experience in managing portfolio companies, facilitating strong growth potential both in France and internationally. Nexans, a front-runner in the electrification sector, remains committed to electrifying the planet, boasting impressive specifications such as generating approximately €7.1 billion in standard sales in 2024 and a robust focus on sustainability aligned with global climate commitments.
Sectors
- Electrification
- Private Equity
- Cable Manufacturing
Geography
- France – Nexans and Latour Capital are both based in France, making it the primary geography for this transaction.
Industry
- Electrification – Nexans is focusing on becoming a pure player in electrification, a central theme in the sale of Lynxeo.
- Private Equity – Latour Capital, a private equity firm, is acquiring Lynxeo, indicating significant involvement in this sector.
- Cable Manufacturing – Nexans' Lynxeo division specializes in industrial cable manufacturing, and its sale is central to the transaction.
Financials
- 525 million – Enterprise Value for the sale of Lynxeo to Latour Capital.
- 4 billion – Assets under management by Latour Capital.
- 7.1 billion – Nexans' standard sales revenue in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexans | Selling Company | Company | Nexans is a leading cable manufacturing company focused on electrification solutions and sustainable initiatives. |
| Lynxeo | Target Company | Company | Lynxeo is the industrial cable division of Nexans that focuses on manufacturing and was sold to Latour Capital. |
| Latour Capital | Bidding Company | Company | Latour Capital is a French private equity firm specializing in managing companies with strong growth potential. |
| Christopher Gurin | Chief Executive Officer | Person | Christopher Gurin is the CEO of Nexans, involved in the strategic direction of the company. |