Advention acts as strategic advisor on deal involving TCR Capital

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The management of Set Environnement S.A.S., the France based company engaged in providing asbestos removal services, has acquired the company, in a management buyout transaction, backed by TCR Capital, the France based private equity firm, from Groupe Siparex, the France based private equity firm and Roland Sonnet, the France based private individual, for an undisclosed consideration.

Under the terms of the agreement the management of Set Environnement also has acquired stake in the company. In 2013, Set Environnement has reported revenue of EUR 13m. (USD 24.78m) and employs 12 people. In 2011, Groupe Siparex had acquired Set Environnement S.A.S, for a consideration of EUR 10m.

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