BPI France and Sofipaca support MBO of Vectorys from ACG

Following the deal, which was led by Vectorys president Nabgha Salem, the company will look to grow by investing in new locations and expanding into new market segments.

Under the vendor's nine-year tenure, the business has focused on expanding its north African operations and has doubled its overall revenues, according to a statement.

Debt
The deal was supported by a €7m senior debt package provided by LCL, Crédit Agricole Alpes Provence, Societe Generale, Caisse d'Epargne Provence Alpes and CM-CIC.

Previous funding
ACG supported the management buyout of Vectorys in 2008.

Company
Founded in 1984 and headquartered in Marignane, Vectorys is a logistics company specialising in the transportation of goods between Europe and north Africa.

According to a statement, the business generates a turnover of €60m and has a headcount of 450 across four sites in France, Tunisia, Morocco and Italy. It has a fleet of 750 lorries serving clients in the automotive, textiles and industrial sectors, and also provides general cargo-related services.

People
BPI France – Arnaud Hilaire (investment director).
Sofipaca – Paul Tabourin (chief investment officer).
Vectorys – Nabgha Salem (president).

Advisers
Equity – PDGB Avocats, Roy Arakelian, Madia Iliopoulou, Olivier Chapalain (legal); PwC, Emmanuelle Veras, Olivier Decourchelles, Chloé Dumotier, Jérôme Zanetti, Jean-Eudes Brunetel (corporate finance, tax); 8Advisory, Christophe Delas, Natalia Lebedeva, Aurélien Bettas-Regalin (financial due diligence); LEK, Laetitia Zemiro (commercial due diligence).
Vendor – Nova Partners, Olivier Nett, Julien Imhoff (legal).
Company – SCP Poyac, Patrice Poyac (legal).

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