Advention acts as strategic advisor on deal involving Groupe Siparex; Carvest SAS; TCR Capital Partners III
The management of Locabri S.A.S, the France based company engaged in developing, installing, renting and selling of temporary modular buildings, has acquired the company in a management buyout transaction, backed by TCR Capital Partners III, the France based fund of TCR Capital, the France based private equity firm, Groupe Siparex and Carvest SAS, the France based private equity firms, from Ekkio Capital, the France based private equity fund of ACG Capital, the France based private equity firm, for an undisclosed consideration.
Locabri has a workforce of 70 employees and reported revenues of EUR 18m for 2013. TCR Capital, Siparex and Carvest have acquired 65%, 23% and 3% stake, respectively while management has acquired 9% stake in the company. The acquisition was funded through EUR 14m senior debt financing and EUR 4m credit facility from CIC - Lyonnaise de Banque, LCL, Credit Agricole Centre Est and BNP Paribas, the France based commercial and investment banks. IFE Mezzanine, the France based private equity firm has provided EUR 7.5m mezzanine financing for the acquisition.
- Created on .