Alliance Entreprendre acquires Ecoclean, LT reinvests

The new investor used its Alliance LBO fund for the deal; the vehicle takes capital stakes in profitable SMEs alongside entrepreneurs whom the fund supports in buyout situations. Alliance LBO provides equity capital financing for companies valued in the €5-50m range and participates in all types of buyouts.

LT will retain a stake, while the management team, led by Laurent Petit, has increased its stake. Private investors Christian Snider, Baudouin de Villeneuve and the Verde family also participated in the transaction.

LT and Alliance Entreprendre invested €6m and €10m respectively, according to Capital Finance.

Previous funding
In 2016, LT acquired a majority stake in the firm.

Company
Ecoclean Services has 1,400 employees and generates revenues of €28m. Founded in 1993 and based in Paris, the company offers commercial cleaning services.

Advisers
Equity – BM&A (financial due diligence); Nerval Avocats (legal); Piotraut Gine Avocats (legal).
Company – Lamartine Conseil (legal); UBS (corporate finance); KPMG (financial due diligence).

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• Topics
• Buyouts
• France
• Support services
• France
• Secondary buyout