- Fundraising
EGIDE is a group with an international dimension, specialized in the manufacture of hermetic packages and heat dissipation solutions for sensitive electronic components.
EGIDE operates in cutting edge markets with strong technology barriers to entry in all critical industry segments (thermal imaging, optronics, high-frequency, power units…). EGIDE is the only pure player in this market niche with manufacturing bases in France and the United States.
For the year 2018, EGIDE achieved a turnover of € 31.7 million, up 3% on the previous year. EGIDE is listed on compartment C of EURONEXT Paris (FR0000072373 – GID).
ATOUT CAPITAL advised and accompanied EGIDE for its € 2.6 million fund raising. The offer was very successful with a subscription rate of more than 103% which allowed the partial activation of the extension clause.
This fundraising aims to provide the additional funding needed to improve the operational efficiency of EGIDE France. This includes investments in industrial equipment to enable better use and improve teams’ performances in France. It also aims at strengthening EGIDE’s ability to grow its revenues beyond its break-even point, with a focus on radio frequency market and microwave products used in aerospace and defense applications.