Naxicap buys Groupe ABF in SBO

Naxicap secured a majority stake in the 55-75% range, Unquote understands. The remainder is held by the management team, with director Issam Sidqi and founder Alain Blaclard retaining stakes. 

Debt for the transaction was provided by LCL; the deal was deemed lightly leveraged by a source familiar with the situation.

Ixo initially invested in ABF, previously called Iso Interm, in 2010. A source familiar with the situation said that Ixo had acquired a stake of slightly more than 50%, while management had retained the reminder.

Naxicap's backing will help the business to expand in France, acquiring complementary businesses.

Company
Founded in 1984, ABF offers an insulation service, coordinating a dozen companies in France, including Isodeal, Alliance Isolation, Iso-Inter, Isola Sud-Ouest, Madisolation and Maupin. The company is based in Objat.

People
Naxicap Partners – Alban Sarie (investment director); Caroline Maupomé (chargée d'affaires).

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