LT Capital's B Live undergoes refinancing

The group's former debt structure included bonds with redeemable warrants underwritten in 2016 and 2017 by LT Capital and Trocadero Capital, according to a source familiar with the situation.

French publication Capital Finance reported that the senior debt amounted to €21m and was provided by LCL, Banque Populaire Rives de Paris, Caisse d'Epargne Ile-de-France, Societe Generale and Schelcher Prince Gestion.

Additionally, a capex line has been provided to finance further acquisitions, Unquote understands.

LT Capital initially invested in the business in 2015, buying a 35% stake. The GP was founded in 2017 by a group of investors who had worked for Paluel Marmont Capital (PMC) for 15 years, inheriting two funds previously managed by PMC.

Company
B Live, founded in 2013, is a sound, light and video service in the performing arts, audiovisual and events markets. It generates a turnover of €70m, Unquote understands.  

The company is based in Torcy. 

People
B Live – Yannick Bétis, Eric Barthélemy (managers).
LT Capital – Xavier Poppe (president); François-Xavier Deren (managing partner). 

Advisers
Company – Capitalmind, Michel Degryck, Kilian De Gourcuff (corporate finance).  
Equity – VGG Associés, Pascale Girard, Thibault Schulthess (legal).

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• Topics
• Refinancing
• France
• Industrials
• France