Vision Systems, a Brignais, France-based system supplier designing, developing and manufacturing complete and tailored solutions for the aeronautic, land transport and marine markets, received a strategic investment from Idinvest Partners.
Idinvest Partners will be acquiring a 20% stake in the company replacing Idinvest Partners will be replacing A Plus Finance. The amount of the deal – accompanied by an issue of convertible bonds underwritten by Idinvest Partners and the arrangement of a senior debt funding line with a longstanding banking pool coordinated by CIC and also including BNP Paribas and Crédit Coopératif as members – was not disclosed.
The company intends to use the funds to accelerate its innovation efforts as well as its international expansion plans.
Led by Carl Putman, CEO, and Catherine Robin, Executive Vice President, who have taken this opportunity to increase their shareholdings and now own 80% of the company, Vision Systems is a major player in on-board entertainment systems and a pioneer in driver assistance systems, rearview mirrors and driver protection doors. The company is headquartered near Lyon, with a production and sales unit in Florida, USA, and two trade offices in Singapore and Dubai.
FinSMEs
21/02/2018