121M€ debt financing for Necotrans

Sector(s)
Business Services
Deal type
Debt Advisory
Date
July 2014
Countries involved
France

Client

Necotrans is a 100% family-owned French group specialized in the Logistics industry with c.90% of its €1bn revenues generated in or with Africa

Deal

Necotrans raised €121M debts to finance capex, minority stake acquisitions and refinance short-term debt. Natixis acted as lead arranger and organized a club deal involving 7 other banks. BPI provided an additional debt to support long-term business growth

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France

What we did

Capitalmind actively supported Necotrans all along the process: financial diagnosis, preparation of marketing documentation, modeling of Business Plan, identification of lenders, organization of management presentations, Q&A sessions, and negotiation of the legal documentation.

Capitalmind played a key role in modelling a rigorous business plan, anticipating key issues, providing understanding of the African market environment and defining the appropriate financing strategy.

About the deal

Necotrans, the €1bn Revenues French Group specialized in logistics activities in Africa raised €121M debts in a club deal involving 8 banks and a long-term loan underwritten by BPI (French Public Investment Bank)

Necotrans is a 100% family-owned French Group specialized in the Logistics industry with c.90% of its €1bn Revenues generated in or with Africa. The Group focuses on Freight Forwarding and Ports logistics activities with a strong footprint in Western Africa. 50% of its business is servicing the Oil & Gas industry, and 50% relates to ground logistics, cargo services and port terminal management.

This operation will enable Necotrans to finance its growth and strategic acquisitions over the coming years.