MBO of Meotec backed by Azulis Capital

Sector(s)
Business Services
Deal type
Buyout / MBO / Debt Advisory
Date
March 2018
Countries involved
France

Client

Meotec is a consulting firm specialized in project management, operational performance, procurement & purchase optimization

Deal

MBO of Meotec backed by Azulis Capital (minority stake) and the management team

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Thibault Laroche-Joubert

    Thibault Laroche-Joubert

    Partner France

What we did

Capitalmind actively supported Meotec all along the process: marketing material preparation, business plan modelling, selection of relevant PEs and organization of a competitive process, execution support during the Due Diligence phase, valuation guidance, negotiation of terms and conditions of the deal.

Capitalmind also advised on a €8m senior debt raising.

About the deal

Meotec is a rapidly growing management consulting firm with more than €30 million in annual revenues that was created in 2005, by Richard Caron. Its 300+ consultants advise their clients in four main areas of expertise: project management, purchasing & logistics, financial performance, and quality & process.

The MBO organized around Richard Caron associates Meotec Key managers as minority shareholders, with the objective to double revenues over the next five years, to accelerate internationalization, and to expand the group’s expertise. The operation is being supported by Azulis Capital, who believes wholeheartedly in the management team and their plans for future development.