RSM, the 6th largest global network of audit and consulting firms, conducted the vendor financial due diligence for the TTK Group, a French company that designs and manufactures liquid leak detection instruments for critical environments.
The Transaction Services team, led by Eric Fougedoire, RSM Partner, supported the TTK Group in the context of the primary LBO alongside the founders and the management team.
Through this operation, RThrough this operation, RSM’s Corporate Finance division demonstrates its ability to support mid-market companies in the industrial sector in their financial consolidation strategy to ensure their growth ambitions..
IDI announces a minority stake acquisition in TTK as part of a primary LBO alongside the founders and management team. Founded in 1989 by Olivier Gautier and Olivier Gillot, TTK (Tracking Technology Knowledge) designs, manufactures, sells, and installs liquid leak detection systems for critical environments, particularly for data centers.
TTK has developed proprietary, patented technology to accurately and quickly locate leaks using robust and durable electronic instruments. Within critical environments (data centers, server rooms, trading floors, pharmaceutical plants, semiconductor factories, etc.), TTK’s instruments ensure the performance and security of infrastructure while minimizing maintenance costs.
With a production site in France, the group has a strong international presence and currently generates 85% of its revenue from exports through its 6 foreign subsidiaries (UK, Germany, the US, Singapore, Hong Kong, and the UAE).
Under the leadership of Olivier Gautier, alongside his management team, TTK is entering a new phase of growth with the financial and strategic support of its shareholder IDI. The company intends to maintain its technological edge and strengthen its commercial capabilities in high-potential regions.
Julien Bentz and Jonas Bouaouli, respectively Managing Partner and Investment Director of IDI: "We were impressed by the quality and dynamism of the TTK teams, with whom we share the same entrepreneurial values. The group has become a European leader thanks to its technological superiority and commercial dynamism. The market fundamentals are particularly promising: the data center sector is experiencing strong growth, especially with the rise of artificial intelligence. Additionally, several development projects are currently being studied to fully leverage TTK’s expertise."
Olivier Gautier, President and Founder of TTK: "TTK has experienced strong organic growth in recent years, particularly through its international expansion. To support our next phase of development, we have chosen IDI as our partner, benefiting from their expertise in providing strategic and financial support to high-growth SMEs."
The RSM team
The RSM team involved was composed of:
Financial due diligence: Eric Fougedoire, Hugo Menkhoff, Alpha Ba