About the deal
Alleray is an independent leader in the Paris region in electrical engineering (high and low voltage) for the construction industry, mainly for new buildings. The group operates through two subsidiaries, SLOVEG (electrical work for housing) and COFIMA (electrical work for the tertiary sector: commercial and service buildings). Alleray has a turnover of €30 million and employs nearly 115 people.
Stéphane Lericq, the majority shareholder since 2014, and BNP Paribas Développement are reinvesting in this transaction with the support of BNP Paribas (arranger), Banque Populaire Rives de Paris (co-arranger) and LCL (participant) alongside the Managing Director, Alex Gaye, and the group’s key executives.
This minority LBO marks the start of a new cycle for the group, who expects to pursue its growth dynamic, to develop external growth, and to improve operational efficiency. It also allows the Managing Director, Alex Gaye, to significantly increase his stake, and offers the possibility to key executives to enter the group’s shareholding structure.
What we did
Capitalmind has assisted Alleray all along the process: designing the transaction strategy, organizing a competitive process, managing negotiations and the debt financing process.