What we did
Capitalmind supported Groupe ADF throughout the buy-out process: VDD management, business plan modelling, selection of relevant PEs, organization of a competitive process, execution support during the Due Diligence phase, deal structuring, negotiation of terms and conditions of the legal documentation, etc.
Capitalmind also advised on a €150m senior debt raising, financed by Crédit du Nord and Artemid debt funds.
About the deal
Groupe ADF offers smart industrial solutions to design, build and maintain industrial facilities in the aerospace, oil & chemicals and energy industries.
Groupe ADF is recognized for its capabilities in optimizing performance of industrial facilities at every stage of their lifecycle, working hand-in-hand with their clients to design and implement the ‘factories of the future’. The group relies on a talented and committed team of 3,300+ employees and generated 400 million euros in sales across 43 countries in 2017.
Backed by Actomezz, Etoile ID and ACE Management, ADF has doubled its revenues since its sponsorless MBO in 2014, thanks notably to the acquisition of Latécoère Services in 2016. The group is now entering a new phase of development, which includes three key elements: to continue its internationalization, to strengthen its offer with high technological content, and to further develop its operational excellence.
For this new chapter, the management team (led by CEO Marc Eliayan) joins forces with new minority financial partners, Abénex and Etoile ID. The deal has also secured additional debt financing, which will enable the group to pursue its strategic development and external growth plans.