What we did
Capitalmind Investec assisted Groupe SYLPA’s shareholders in preparing and structuring the transaction, organizing a competitive process, and implementing a new management package. The Capitalmind Investec team also helped raised the senior debt.
This deal is the 20th transaction advised by Capitalmind Investec in the technical business services sector over the last 2 years.
SYLPA has been working closely with Capitalmind Investec 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.