Latour Capital buys into €100M French security distributor Tevah
What's the deal? Latour CapitalDealroom has a profile for this one. Try Dealroom → has acquired a significant stake in Tevah SystèmesDealroom has a profile for this one. Try Dealroom →, a leading French value-added distributor of electronic security equipment, succeeding minority shareholder CAPZADealroom has a profile for this one. Try Dealroom → Transition. The founding Berda family and management are reinvesting significantly alongside the new investor; terms were undisclosed.
What each side does: Tevah distributes video surveillance, access control, intrusion detection, fire safety, and intercom systems from more than 100 brands, serving installers and integrators through local branches and an e-commerce platform. Latour Capital invests in market-leading companies while preserving their independence.
By the numbers: Tevah now reports revenue of nearly €100 million, up from more than €24 million in 2021, the year before CAPZA invested. Growth came partly through the acquisitions of Onyx VisionDealroom has a profile for this one. Try Dealroom → in 2024 and ServiacomDealroom has a profile for this one. Try Dealroom → in 2025.
Why now? The deal follows a competitive sale process managed by InvestecDealroom has a profile for this one. Try Dealroom → and marks a fresh ownership chapter rather than an outright sale, with founders and managers staying on. CAPZA Transition had backed the group since 2022, financing a first family-transmission buyout.
What's the endgame? Tevah aims to become a leading pan-European value-added distributor of electronic security equipment through organic growth and acquisitions in France and abroad. The strategy is already underway with the recent purchase of RAS Security in Belgium, its first step into European expansion.
"From our very first discussions, we were impressed by the quality of Tevah's management team, its strong entrepreneurial spirit and its market-leading position," said Maxime Picat and Gaspard Lacoeuilhe, partners at Latour Capital.
The signal: The handoff is a sponsor-to-sponsor transition in a fragmented French security distribution market that is consolidating fast. With platform-backed players expanding — including SmartSDDealroom has a profile for this one. Try Dealroom →'s 2025 purchase of Tracor Europe — Tevah is positioned to keep rolling up rivals across Europe.
Read more: capza.co
Image credit: Todd Huffman
