De Gaulle Fleurance Advises Lenders on the Financing of Siparex Midcap’s Investment in Satys Electric

Deals 10 November 2026

De Gaulle Fleurance advised the lenders in connection with the financing of the capital restructuring of Satys Electric, a specialist in industrial electrical solutions, during which Siparex Midcap acquired a stake in Satys Electric alongside Bpifrance and Carvest, and the group’s management gained a controlling stake.

Founded in 1999, Satys Electric specializes in the design and manufacture of wiring harnesses, electrical cabinets, and electromechanical subassemblies. Through its major clients, the group operates in several industrial sectors, including medical, rail, aerospace, energy, data centers, and semiconductors. With a presence in Europe, the United States, and Asia, it employs more than 1,000 people and is projected to generate revenue exceeding 70 million euros in 2026.

This transaction marks a new milestone in the development of Satys Electric, led by Thomas Ponchon since 2012. Siparex Midcap is joining the group’s capital as a key minority shareholder, while Bpifrance and Carvest are reinvesting as part of this transaction. The management team, meanwhile, is taking majority control of the Group.

With this new shareholder structure and strengthened financial resources, Satys Electric intends to continue its organic growth, expand its business with existing and new clients, and accelerate its external growth strategy. The group also plans to strengthen its international presence, particularly through new manufacturing facilities.

Financing for this transaction was provided by a banking syndicate comprising Crédit Agricole de Franche-Comté (Adrien Bagard), BNP Paribas (Laurent Malchausse), Banque CIC Est (Thierry Stroh), Crédit Lyonnais – LCL (Dirk Weinand), and Bpifrance (Mylène Belcourt).

May Jarjour, partner; Claire Haas, senior counsel; and Louis Ngamou, associate at De Gaulle Fleurance, advised the lending institutions on arranging the bank financing for this transaction.