Following the deal, the company aims to extend its business in the south-west of France and the Auvergne-Rhône-Alpes region. Company manager and hitherto majority shareholder Laurent Benita reinvested in the business for a minority stake, as did the management team and previous backer BNP Paribas Développement.

This transaction was financed via the GP's Ixo 3 vehicle, which reached a hard-cap of €150m in January 2015. It is the fund's 13th investment and the vehicle is now two thirds invested.

A debt package in excess of €10m was arranged by Caisse d'Epargne and LCL.

Company
Founded in 1991 and based in Marseille, Alpha is a roof construction company for public and private buildings. The company has a turnover of €18m. 

People
Alpha Services Group – Laurent Benita (director).
Ixo Private Equity – Rémi Chériaux (director); Nicolas Charleux (senior associate); Baptiste Martin-Wurmser (investment manager).

Advisers
Vendors – Edmond de Rothschild Corporate Finance, Sébastien Chabre (corporate finance).

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