big-brand group sold to private equity firm

Naxicap Partners has bought the FIK Group, whose holdings include Shark helmets, Bering and Segura clothing and Bagster luggage and saddlery.

Naxicap is a leading French private equity firm specialising in small and mid-cap company acquisitions. Its CEO is Eric Aveillan, a former Banque Populaire investment banker. It currently has £1.42bn in capital under management, some of which comes via Banque Populaire clients.

Naxicap’s website hasn’t listed the FIK takeover yet, in its portfolio of investments, so how much money is involved remains opaque. 

Shark had bought the Bering, Segura and Bagster brands from Holding Trophy in 2011, backed by majority shareholder Perceva Capital, forming an international group offering a wide array of big-names and products in the motorcycle sector.

The FIK Group, which employs more than 500, accounts for nearly €65million in sales, over half of which are generated in France.