Raise backs consultancy Efor
Raise Investissement has acquired a minority stake in France-based consultancy Efor.
The GP has invested €20m in the business, investing via its balance sheet, Unquote understands.
Capza backed the buyout with a €35m unitranche package via Capza 5 Private Debt fund. The vehicle was launched in October 2019 and is yet to hold a close.
The debt provided equates to 3.5x company's EBITDA, according to French publication Capital Finance.
Raise and Capza declined to comment on the transaction.
Company
Founded in 2013, Efor provides advisory, engineering and digitalisation services to its clients. It operates the brand Efor healthcare, which serves pharmaceutical and medical device manufacturers.
The business generated a turnover of €45m in 2019 (up 30% on the previous year), according to a source close to the situation.
Based in Champagne Au Mont d'Or, the business operates eight agencies in France and two abroad, employing 650 people.
People
Raise Investissement – Mathieu Blanc (managing partner); Aymeric Marraud des Grottes (investment director); Charles-Henri Fraissignes (associate).
Advisers
Equity – Oderis Consulting, Thomas Claverie, Léo Placzek (corporate finance); CMI, Nicolas Kandel, Mathilde Mailé (strategic due diligence); KPMG, Laurent Gobbi, Paul Pillet (IT due diligence); PwC, Aurélie Verronneau (ESG due diligence); Dentons, Julie Caussade, Emmanuelle van den Broucke (ESG due diligence); Agilys Avocats, Baptiste Bellone, Carolle Thain Navarro, Madalina Suru (legal).
Vendor – Mazars Corporate Finance, Frédéric Clairet, Benjamin Boucher (corporate finance); NG Finance, Jacques-Henri Hacquin, Christophe Lam (corporate finance); Duteil Avocats, François Duteil, David Merlet (legal); Fieldfisher, Antoine Gabizon (tax).
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