{"id":9863,"date":"2026-05-11T12:58:07","date_gmt":"2026-05-11T10:58:07","guid":{"rendered":"https:\/\/lerins.com\/?p=9863"},"modified":"2026-05-11T14:38:25","modified_gmt":"2026-05-11T12:38:25","slug":"deal-lerins-advises-abenex-on-the-acquisition-of-tethys-a-french-leader-in-defense-and-aerospace-pyromechanics","status":"publish","type":"post","link":"https:\/\/lerins.com\/en\/deal-lerins-advises-abenex-on-the-acquisition-of-tethys-a-french-leader-in-defense-and-aerospace-pyromechanics\/","title":{"rendered":"DEAL | Lerins advises Abenex on the acquisition of Tethys, a French leader in defense and aerospace pyromechanics."},"content":{"rendered":"<p data-start=\"0\" data-end=\"321\"><strong><a class=\"decorated-link cursor-pointer\" target=\"_new\" rel=\"noopener\" data-start=\"0\" data-end=\"59\">LERINS<\/a> advised Abenex on the acquisition of <a class=\"decorated-link cursor-pointer\" target=\"_new\" rel=\"noopener\" data-start=\"150\" data-end=\"210\">T\u00e9thys<\/a>, a specialist in the design and manufacturing of pyromechanical systems for the defense and aerospace sectors.<\/strong><\/p>\n<p data-start=\"323\" data-end=\"602\">Tethys supplies major defense and aerospace companies such as Naval Group and ArianeGroup, and aims to become the leading independent European player in pyromechanics.<\/p>\n<p data-start=\"604\" data-end=\"1005\">This LBO transaction enables a reshaping of the shareholding structure around Abenex Capital as the lead investor, alongside Bpifrance, the historical co-investor. The transaction also confirms the strong commitment of Mr. Philippe Saussol, who will remain Chairman and is significantly reinvesting in the company alongside the financial investors.<\/p>\n<p data-start=\"1007\" data-end=\"1237\">Lerins advised Abenex on the corporate aspects of the transaction with a team composed of <a href=\"https:\/\/lerins.com\/en\/avocats\/laurent-julienne\/\">Laurent Julienne (Partner)<\/a>, <a href=\"https:\/\/lerins.com\/en\/avocats\/yohann-david-saadoun\/\">Yohann-David Saadoun (Counsel)<\/a>, and <a href=\"https:\/\/lerins.com\/avocats\/noe-migeon\/\">No\u00e9 Migeon (Associate)<\/a>, as well as <a href=\"https:\/\/lerins.com\/en\/avocats\/stephanie-negre\/\">St\u00e9phanie N\u00e8gre (Partner)<\/a> on tax matters.<\/p>\n<p data-start=\"1239\" data-end=\"1420\"><a class=\"decorated-link cursor-pointer\" target=\"_new\" rel=\"noopener\" data-start=\"1239\" data-end=\"1316\">Nabarro &amp; B\u00e9raud<\/a> (Magali B\u00e9raud, Marie Santunione, and Margaux Houdin-Blondeau) advised Abenex on the financing aspects.<\/p>\n<p data-start=\"1422\" data-end=\"1598\"><a class=\"decorated-link cursor-pointer\" target=\"_new\" rel=\"noopener\" data-start=\"1422\" data-end=\"1491\">Franklin<\/a> (Antoine Denis-Bertin and Camille M\u00e9nard) advised Tethys and the management team on the corporate aspects.<\/p>\n<p data-start=\"1600\" data-end=\"1774\" data-is-last-node=\"\" data-is-only-node=\"\">Largilli\u00e8re Finance (Paul Bougnoux, Thomas Bureau, and Maxime Fournely) advised Tethys on the financial aspects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LERINS advised Abenex on the acquisition of T\u00e9thys, a specialist in the design and manufacturing of pyromechanical systems for the defense and aerospace sectors. Tethys supplies major defense and aerospace companies such as Naval Group and ArianeGroup, and aims to become the leading independent European player in pyromechanics. This LBO transaction enables a reshaping of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":9375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[79,1],"tags":[58,64,75],"class_list":["post-9863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deal","category-non-classifiee","tag-corporate-ma-en","tag-laurent-julienne-en","tag-stephanie-negre-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/posts\/9863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/comments?post=9863"}],"version-history":[{"count":2,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/posts\/9863\/revisions"}],"predecessor-version":[{"id":9865,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/posts\/9863\/revisions\/9865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/media\/9375"}],"wp:attachment":[{"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/media?parent=9863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/categories?post=9863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lerins.com\/en\/wp-json\/wp\/v2\/tags?post=9863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}