PE-backed Acces Industrie buys Matelev
PE-backed Acces Industrie, a France-based equipment rental agency, has acquired domestic counterpart Matelev.
Acces Industrie is backed by PE firms Parquest Capital, CM-CIC Investissement and Irdi.
Parquest became the majority owner of Acces in 2017, via the €310m Parquest Capital 2 fund. The total value of the deal, including the restructuring of senior debt, ran to $115m (c€95m). The company, previously partially listed on Euronext Paris, was delisted in November 2017.
Founded in 1997, Acces is a lifting equipment rental and leasing company. The company generated a €53m turnover in 2016.
Company
Founded in 1986 and based in Meung-sur-Loire, Matelev specialises in the rental and maintenance of lifting equipment, handling equipment and industrial cleaning machines. The business has a turnover of €7.5m.
People
Matelev – Vincent Robert, Stephane Thibault (owners).
Advisers
Company – Fidal (legal); Grant Thornton (corporate finance).
Equity – Mayer Brown (legal); EY (financial due diligence); Deloitte (financial due diligence).
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