LT Capital buys minority stake in EXTeam

The LBO transaction values the deal at more than €20m, Unquote has learned. Founders Hamdi Mahbouli, Patrick Arsan and Fabien Koskas have retained a majority stake.

Banks LCL, BNP Paribas and Banque Populaire Val de France provided debt for the transaction.

LT is currently investing via its LTC III fund, which closed on €105m a year ago. LT invests in small-cap deals in France, with a ticket size of €2.5-10m per deal. 

Company
Founded in 2013, EXTeam is a digital engineering and consulting business, specialising in infrastructure analysis, development and management. Located in Levallois, the business has a headcount of 258 people and generated turnover of €29m in 2018.

People
EXTeam – Hamdi Mahbouli, Patrick Arsan, Fabien Koskas (founders).

Advisers
Company – McDermott Will & Emery (legal); 3S Finance (corporate finance).

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