About the deal
BTP Consultants is one of France’s leading providers of testing, inspection and certification services for the building industry.
As of March 2021, Seven2 (ex Apax Partners) and Bpifrance announced the acquisition of a majority stake in BTP Consultants with the aim to continue its organic growth and to deploy a strategy of targeted acquisitions. The company intends to support its development in the regions and in segments with strong growth potential such as energy renovation, building maintenance, metrology and sustainability in civil engineering, diagnostics, building data management and other complementary activities.
The 2021 transaction was financed by equity and quasi-equity contributions from the shareholders, and by the implementation of a unitranche facility provided by Eurazeo. In light of its strong performance and desire to accelerate growth, BTP Consultants decided to carry out a refinancing process allowing a reduction of financing costs, combined with the the achievement of a dividend recap and the support of an external growth strategy.
What we did
Capitalmind has actively supported BTP Consultants all along the debt refinancing process: preparation of the marketing materials, definition of the list of banks and debt funds to be contacted, contact, discussions and Q&As with potential financial partners, management meetings organization, term sheets analysis and negotiation, and management of the final legal negotiations.
Having successfully supported us in the acquisition of BTP Consultants, we wanted to continue working with Capitalmind on the refinancing of the group. In a turbulent environment for the banking sector, Capitalmind was able to orchestrate the process efficiently and tactically.Isabelle Hermetet – Partner, Seven2