Capitalmind Investec has advised the investment fund DECALIA Capital and the founder on the sale of the group ProNet Services

About the deal

The group ProNet Services is a leading provider of recurring cleaning services, on-demand cleaning solutions (post-construction cleaning, snow-clearing, etc.) and facility management services for real estate, offices, public entities and commercial centers in Western Switzerland.

Founded in 2003 by its current CEO, Laurent Misbach, the group has diversified its activities within facility management, notably through the acquisition of Groupe Leatech in 2022, a specialist in technical maintenance and concierge services for commercial centers, offices and parking facilities. Generating CHF34m of revenues and CHF4m of EBITDA in 2023, the group serves the six French-speaking cantons in Switzerland through six branches.

After DECALIA Capital’s majority investment in 2018, the investment firm and the founder have decided to initiate the search for a new shareholder able to back the strong development of the group. In this context, they have appointed Capitalmind Investec to spearhead the identification and selection of the most suitable candidates. Further a competitive process, the private equity fund Weinberg Capital Partners stood-out for its ability to strengthen the group’s high value-added services.

Weinberg Capital Partners’ investment will enable the group to continue its dynamic growth strategy in French-speaking Switzerland through both organic and external growth.

What we did

Capitalmind Investec advised the group shareholders throughout the transaction process:

• Shaping equity story,
• Defining deal tactics and timing,
• Qualifying counterparts which were more likely to value the group positioning,
• Organizing an efficient and competitive bid process to create the right level of tension to meet shareholders objectives, and
• Supporting the negotiation process.

“A huge thank you to Capitalmind Investec for their invaluable support throughout this process. We chose them for their deep expertise in Business Services and global investor access. Their outstanding execution was key to achieving excellent results for DECALIA Capital and helping ProNet Services Group to find a reliable partner for the future growth. We also discovered Capitalmind Investec’s unique “Human touch”, an essential factor for successful M&A transactions with entrepreneurs.“

Jean-Guillaume Benoît, Partner, DECALIA Capital