ICAPE

PCB AND BUILD-TO-PRINT PARTS SUPPLIER.

Founded in 1999 by Thierry Ballenghien, Icape supplies printed circuit boards in small and medium series (High Mix Low Volume) as well as custom technical parts made to drawing. Manufacturing is entrusted to a network of partner manufacturers in China, overseen by ICAPE’s quality teams.

Headquartered in Paris, Icape has around 240 employees and subsidiaries in Asia, Europe and the Americas.

KEY STRENGTHS

Icape guarantees its customers competitive and secure sourcing costs, thanks to its network of partner manufacturers and the presence of its own quality control teams.

The company stands out for its responsiveness and for supporting its customers from the design and qualification stages of their products.

It has a diversified customer base, with several hundred active customers (electronics subcontractors and finished-product manufacturers) spread across many sectors: electronics, automotive, industry, metering and multimedia.

KEY MILESTONES

Innovafonds acted as lead minority shareholder between 2013 and 2017, as part of a growth capital transaction alongside the founder and the management team.

Icape enjoyed very dynamic growth, with revenue rising from €44m to €94m.

Innovafonds supported the management team along two lines:

• INTERNATIONAL DEVELOPMENT : opening of numerous sales subsidiaries (Europe, Asia, United States, South America)
• DIVERSIFICATION OF THE OFFERING: development of the custom technical parts business, in France and the United States