LBO of Alleray

Sector(s)
Business Services
Deal type
Sell your business / Buyout / MBO
Date
July 2022
Countries involved
France

Client

Alleray is an independent leader in the Paris region in electrical engineering (high and low voltage) for the construction industry

Deal

Capitalmind has advised the shareholders of Alleray on a third LBO backed by BNP Paribas Développement

Parties

Lead team

  • Thibault Laroche-Joubert

    Thibault Laroche-Joubert

    Partner France

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.