Ardoix (07), June 16, 2022 – Creator of the patented Matryx textile and of the ASF 4.0 automated factory for manufacturing sports shoes, the Chamatex Group is completing its financing round with Yotta Capital, an investor dedicated to developing a French industrial ecosystem built on industrial performance, job creation, and decarbonization.
As a provider of textile solutions, the Chamatex Group has strong expertise in the design and production of technical fabrics for demanding markets, including sports shoes and apparel, luxury luggage, personal protective equipment, motorsport racing suits, and upholstery products. Since the company’s acquisition in 2011 by current CEO Gilles Réguillon, the Group has multiplied its revenue fivefold to reach €35 million, striving for excellence in technical textile manufacturing and relying on three pillars: product innovation, the industry of the future, and external growth.
Matryx, a patented ultra-high-performance textile invented in 2016, is one of the company’s flagship technologies, championed by leading sports brands including Babolat, Salomon, Millet, and Puma. The pursuit of product innovation is driven by dedicated digital and industrial tools, continually enhanced toward greater automation, digitalization, and efficiency. In 2021, the fully automated ASF 4.0 factory was inaugurated in Ardoix to produce 100% Made in France sports shoes using the Matryx technical textile.
In addition, the Group is implementing an active acquisition strategy in direct response to the critical and global challenges faced by industrial SMEs: securing production chains and ensuring stable access to raw materials. After achieving vertical growth through the integration of key links in the French textile production chain (dyeing and spinning activities), the Group acquired Rocle in 2019, specialized in upholstery textiles, and Toptex Cube in 2021, a start-up with unique innovative expertise in seamless textile assembly.
The €5 million capital increase led by Yotta Capital will enable the Group to deploy its “from yarn to product” development strategy in France and internationally. More specifically, the Group aims to:
- Double the production capacity of the ASF 4.0 factory to target 1 million pairs of shoes produced per year within five years, in order to meet strong demand from new customers seeking Made in France solutions;
- Strengthen and modernize the industrial resources across the Group’s various sites, particularly TopTex Cube, Rocle, and Chamatex;
- Establish a facility in Vietnam specializing in the production of the Matryx technical textile to directly supply the large footwear assembly factories located in Southeast Asia;
- Maintain the financial capacity to pursue additional acquisitions to reinforce the Group’s industrial expertise in key sectors.
By adopting a “local-to-local” approach to regionalizing its industrial operations, the Group contributes directly to building regional and responsible production chains by federating an ecosystem of partners. Supported by Yotta and its partner Carbone 4, management has also identified levers for reducing greenhouse gas emissions (including Scope 3). The Group’s growth is fully aligned with this ongoing commitment to improving environmental performance and mitigating climate risks.
This new financing round enables the holdings of Gilles Réguillon (President), Lucie André, and Julian Dykiert (both Managing Directors) to remain majority shareholders, while allowing seven senior executives to join the Group’s capital through a dedicated holding company that already includes nine members of management.
Gilles Réguillon, CEO of Chamatex, states: “ This equity transaction is essential for continuing to pursue our ‘from yarn to product’ strategy while building a solid and coherent group around our textile offering. In this regard, the Yotta Capital investment fund, specialized in innovative industrial SMEs, appears to be the ideal partner.”
Benoît Perrot and Pierre Dejoux, co-founders of Yotta, add: “We are very pleased and proud to partner with Gilles and his teams, as well as with historical investors Bpifrance and Étoile Capital, to support the Chamatex Group in its upscaling strategy, in its transformation toward the industry of the future, and in its international development. We are also very happy to contribute, at our level, to the reshoring of the textile industry and to the visibility of French SMEs. Chamatex is exactly the type of company we seek to support at Yotta, combining expertise, innovative processes, job creation, entrepreneurial dynamism, and shared environmental values.”
About Chamatex Group
Founded in 1980, the CHAMATEX Group is an integrated textile manufacturer operating “from yarn to product,” guided by a clear vision: imagine the best solution to achieve excellence.
The Group’s main strengths lie in:
- • Its capacity for innovation, through the development of innovative and high-performance textile products in partnership with its clients;
- • The expertise and commitment of its employees;
- • Its industrial mastery, enabling comprehensive textile solutions with guaranteed responsiveness and quality;
- • Its eco-responsibility, through the development of product ranges using recycled materials, waste recovery, and eco-design.
The Group has full control over the entire value chain: R&D and design, textile manufacturing, modern assembly and production, logistics, and distribution.
Today, the CHAMATEX Group employs approximately 280 people and generates consolidated revenue of more than €35 million.
More information on: www.chamatexgroup.com
Contact: Anais Brias – abrias@chamatex.fr
About Yotta Capital Partners
Yotta Capital Partners is the first growth capital and buyout fund dedicated to the Industry of the Future. With 25 years of experience, its hybrid team brings together recognized private equity professionals and top-tier industrial experts. Committed to the environment, Yotta Capital Partners invests in French industrial SMEs and provides strong support on issues of modernization, growth, and decarbonization, helping them enter the era of the fourth industrial revolution. Yotta Capital is a member of the International Climate Initiative, a signatory of the UN PRI, and has been awarded the Label Relance.
More information on: www.yottacapital.fr
Contact: 01 81 70 88 50 – ycp@yottacapital.fr
Transaction Participants Investors: Yotta Capital Partners, Benoît Perrot, Pierre Dejoux, Daniel Javed, Nina Hervé
Company Legal Counsel: Périclès Avocats, Frédéric Chaillet, Eve-Marie Suet
Investors Legal Counsel: Joffe & Associés, Thomas Saltiel, Camille Malbezin, Catherine Diril
Investors Due Diligence: Joffe & Associés, Thomas Saltiel, Camille Malbezin, Catherine Diril, Margaux Parmentier ; Mazars, Xavier Klein, Frédéric Maurel, Hortense Arnaud, Maxime Pascal-Mousselard, Romain Estrampes, Marine Cambolin, Claire Maisonneuve, Mathilde Guillermic ; Carbone 4, Clémence Lacharme, Victor Murzeau, Chloé Marzin ; Ethifinance, Salomé Martin, Diane Vignalou ; Advance Capital, Olivier Bertron, Arnaud Vergnole, Arthur Haag
