MBO of Groupe SYLPA supported by Andera Partners

Sector(s)
Business Services
Deal type
Buyout / MBO / Debt Advisory
Date
December 2019
Countries involved
France

Client

Groupe SYLPA is a leading specialist in electrical engineering, installation and maintenance for high and low voltage systems

Deal

MBO of Groupe SYLPA supported by Andera Partners (via ActoMezz) to organize the full exit of Apax Partners and pursue the managerial transition

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Guillaume ten Have

    Guillaume ten Have

    Director France

What we did

Capitalmind assisted Groupe SYLPA’s shareholders in preparing and structuring the transaction, organizing a competitive process, and implementing a new management package. The Capitalmind team also helped raised the senior debt.

This deal is the 20th transaction advised by Capitalmind in the technical business services sector over the last 2 years.

SYLPA has been working closely with Capitalmind since the acquisition of ETT in 2006, led by Pascal Fournet-Fayard. This is the fifth transaction completed together.

About the deal

Groupe SYLPA is a leading specialist in electrical engineering, installation and maintenance for high and low voltage systems. Headquartered in Rungis, the Group employs more than 300 people in France and forecasts turnover of c. €60m in 2019.

After an MBI in 2006 (backed by CM-CIC), an OBO at the end of 2011 (backed by Siparex), and an MBO in 2015 (backed by Apax Partners Development), SYLPA has signed a new ‘sponsorless’ MBO with the support of Andera Partners, through its mezzanine fund ActoMezz.

The Group aims to accelerate its organic growth though large-scale projects in the Paris region (e.g. the 2024 Olympic Games) and also through external growth in the Paris and Lyon regions.

This ‘sponsorless’ transaction allows the Group’s founder and CEO Pascal Fournet-Fayard and the management team to significantly increase their majority ownership of the company.

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