OBO of Syscom Prorep backed by Siparex Midcap

Sector(s)
Industrials
Deal type
Buyout / MBO / Debt Advisory
Date
May 2021
Countries involved
France

Client

Syscom Prorep is a privately-owned value added reseller of electronic components & sub-assemblies

Deal

Capitalmind has advised the founders of Syscom Prorep on a primary OBO backed by Siparex Midcap and a pool of lenders

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Nicolas Balon

    Nicolas Balon

    Managing Partner France

About the deal

Founded in 2013 and after 5 build-ups, Syscom Prorep has turned into a leading privately-owned value-added supplier of electronic components and electronic sub-assemblies. The group sources (from a panel of global manufacturers) components, embedded systems, display solutions, connectivity and power components which technical features are promoted to 700+ clients active in various industries. Syscom-Prorep distinguishes itself by its ability to intervene upstream of its clients’ R&D projects, advising on the most appropriate technical solutions to meet customer specific demand.

After 7 years of rapid growth, the founders of Syscom Prorep wanted to write a new chapter of growth with the support of a minority financial investor, to assist them in further structuring the group and to be able to finance possible new build-ups in France and in Europe.

Capitalmind assisted the founders in designing and delivering this objective, by securing early in the process a senior loan facility of €12m and running a competitive process with financial investors which Siparex Midcap ultimately won.

What we did

Capitalmind assisted the founders throughout the entire project: defining deal tactics, designing the equity story, acting as sparring partner to the founders, leading negotiations with lenders to secure as early as possible the senior loan facility for the project, qualifying relevant possible investors and organizing discussions with each of them, creating the right level of tension to meet founders objectives in terms of valuation, timing and governance.