Abénex to back Silvya Terrade

The transaction should be finalised in a couple of weeks, a source close to the deal told Unquote.

A refinancing was initially planned before settling on an LBO, according to French publication Capital Finance. Tikehau will provide a unitranche package for the transaction, according to the same report.

Entrepreneur Venture Gestion first provided backing in the early-stage phase of Silvya Terrade's growth in 2014.  

Subsequently, EPF Partners (now part of Apax France) acquired a majority stake in the business in April 2016, alongside Entrepreneur Venture Gestion and the management team.

Founded in 2013 and headquartered in Paris, the Silvya Terrade group trains students in beauty, well-being and hairdressing disciplines. The group nowadays manages 24 schools across France. According to the Capital Finance report, the turnover of the company stood at €21m as of April 2017, although several bolt-ons have pushed this to around €35m currently.

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• Abénex Capital