Press release

Sparring Capital goes international by taking a majority stake in the Belgian group Nalys, alongside its founding director

Paris – Brussels – 10th of September – Sparring Capital announces the acquisition of Nalys from its founders – an independent Belgian company specialising in engineering consultancy.

Founded in 2011, Nalys has developed recognised expertise in Life Sciences and Embedded Systems, establishing a specialist position in these fields that has enabled it to become a benchmark partner for its key clients in recent years. The Group now enjoys a client portfolio of the highest quality, including many global market leaders in their respective fields, in addition to Belgian SMEs operating in hi-tech niche markets in both Flanders and Wallonia.

Previously owned by its three founders, the Group posts revenue of around 25 million euros and has some 240 employees.

Driven forward by its chairman, Patrice Serange, former managing director of Alten in Belgium, the Group has recorded excellent growth figures in recent years, based on its historic know-how and a controlled policy of diversification, notably in terms of client sectors. The Group has also commenced the process of international development, with a French site which has recently seen additional recruitment.

Patrice Serange, chairman of the Nalys Group, states: « First of all, I would like to thank my historical partners with whom I founded Nalys, as well as all the Group’s talented employees. During all these years of working together, we have managed to position the Group in developing markets and to maintain strong growth. This partnership with Sparring is occurring at a key moment in the life of Nalys and we will now focus, together, on continuing the restructuring and development of the Group, notably exploiting the sectoral expertise of Sparring Capital and its proven experience in providing support to growing companies. »

Johann Le Duigou, partner at Sparring Capital, adds: « The entry of Sparring accompanies the departure of two founders of the Group and increased investment by the historical director, who is making a significant reinvestment in addition to our own. We have a deep understanding of this business sector and were won over by the original positioning of Nalys, notably regarding the Group’s ability to develop the expertise of its personnel in niche markets with high demands in terms of skills. We are particularly enthusiastic about being able to support the Group’s teams during this new phase and would like to thank Patrice Serange for placing his trust in us. »