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Frenger Corporate Finance is delighted to announce the completion of the acquisition of WildAx Motorhomes by its clients, the privately owned French group Rapido, one of the leading manufacturer of recreational vehicles in Europe. Frenger initiated and managed the entire process on behalf of Rapido for their 1st acquisition in the UK.
WildAx Group is a well-established British manufacturer of campervans based in the North of England, in Elland. Created in 2006 by Duncan Wildman, WildAx Motorhomes produces approximately 150 vehicles per year and exports its products across the whole country. With 45 employees, WildAx is recognized for the quality of its Motorhomes and the ability to tailor his offer to clients’ needs. Member of the NCC association, the company has received several awards for the quality of its innovative products.
This acquisition allows Rapido:
- To develop and enhance his internationalization strategy in European markets,
- To initiate manufacturing activities in the UK,
- To increase his products range and his brand portfolio.
Pierre and Nicolas Rousseau, respectively, Chairman of the executive board and commercial director stated: “We are very proud to work with Duncan Wildman who has a high customer value and products knowledge. This cooperation will certainly contribute to create a strong network and enhance customer satisfaction”
This acquisition is the 1st transaction initiated and carried out by Frenger Corporate Finance on behalf of Rapido. This transaction was finalised in less than a year and is the result of a very effective collaboration based on trust.
Jean-Noël Mermet, Managing Director at Frenger Corporate Finance: “We are pleased that we have been able to finalise this operation for Rapido allowing them to have a new brand and their first production unit in the UK, less than 12 months after the start of the mission. This proves the efficiency of Frenger Corporate Finance during the research and approach process which have allowed Rapido to have a choice of several targets before selecting Wildax. Rapido’s leadership team, has strongly impressed us by contacting Frenger Corporate Finance on the 23rd of June 2016, only a few hours after the Brexit referendum result.”
The acquisition of Wildax is also the 2nd transaction completed by Frenger Corporate Finance during this summer.
Rapido is one of the leading European manufacturer of recreational vehicles based in Mayenne, near Laval. The group consists in several brands manufacturing motorhomes (Esterel, Rapidhome, Fleurette, Itineo, Campereve). With its strong network of dealers across Europe, Rapido has more than 700 employees. The group manages industrial operations in France, Germany, Italy and now in the UK. Rapido generated a turnover of €300 million in 2015.