SOS Accessoire Expands with IRIS Group Acquisition for European Growth
Deal News | Feb 11, 2025 | etf partners
SOS Accessoire, a leader in DIY appliance repair and parts distribution, has acquired the IRIS group, expanding its operations across Europe. The acquisition includes SDS and Vedelec, significant players in France and Belgium, respectively. This strategic maneuver establishes the new entity, Ecoparts, which generates EUR 120 million annually and employs nearly 300 individuals. The transaction, valued at EUR 50 million, was facilitated by advisory and financial support from entities like Transaction R&Co, Starquest, Quadia, and ETF Partners, with new backing from SWEN Capital Partners, Amundi Private Equity Transition Juste, and Trocadero Capital Partners. This move aimed at strengthening SOS Accessoire's market position and promoting sustainable practices, aligning with the company’s mission of reducing carbon emissions through extended product lifespans.
Sectors
- Appliance Parts and Repair
- Sustainable Investment
- Private Equity and Venture Capital
Geography
- Europe – The article discusses the expansion of SOS Accessoire and IRIS group’s operations throughout Europe, with specific mentions of France, Belgium, and Germany.
- France – SOS Accessoire is headquartered in France, and parts of the IRIS group, such as SDS, are based in France.
- Belgium – Vedelec, a major part of the IRIS group, is located in Belgium, contributing to the acquisition's significance in the region.
- Germany – Germany is included as part of IRIS group's operational reach, relevant to the article's content.
Industry
- Appliance Parts and Repair – The article focuses on SOS Accessoire's acquisition of the IRIS group, expanding its capabilities in the appliance parts and repair industry.
- Sustainable Investment – With backing from firms like ETF Partners and SWEN Capital Partners, the article highlights the emphasis on sustainability and impact-driven finance in the acquisition strategy.
- Private Equity and Venture Capital – The acquisition is significantly supported by private equity and venture capital firms, including ETF Partners.
Financials
- EUR 50 million – Total investment in the acquisition of the IRIS group by SOS Accessoire.
- EUR 120 million – Annual revenue generated by the newly formed entity, Ecoparts.
- EUR 62 million – The revenue generated by the IRIS group in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SOS Accessoire | Acquirer | Company | A leading platform in Europe for domestic appliance parts and DIY repair guidance. |
| IRIS group (SDS and Vedelec) | Target Company | Company | Specializes in supplying spare parts to professional appliance repair technicians. |
| Transaction R&Co (Rothschild & Co) | Advisor | Company | Provided advisory services for the acquisition. |
| ETF Partners | Investor | Private Equity Firm | Europe's original venture capital firm dedicated to sustainability and impact investing. |
| Starquest | Investor | Company | Longstanding shareholder supporting sustainable transformations. |
| Quadia (Regenero Impact Fund) | Investor | Company | Focuses on sustainable and impact-driven finance. |
| SWEN Capital Partners | Investor | Company | A responsible investor in private equity focusing on sustainability. |
| Amundi Private Equity Transition Juste | Investor | Company | Supports investment focusing on sustainability transitions. |
| Trocadero Capital Partners | Investor | Company | Specializes in sustainable, impact-driven investments. |
| LCL Aquitaine | Financial Backer | Company | Provided financing support for the transaction. |