Credit Agricole backs Groupe SVP

The buyout was carried out in cooperation with the company's management. Credit Agricole invested €22.65m to secure a majority stake. Socadif acquired a minority stake. The overall deal value is estimated to be in the range of €50-100m.

The investor aims to create a long-term partnership to support the company's organic growth and development through acquisitions.

Credit Agricole Private Equity initiated the deal considering the growth prospects, market positioning and experience of the management team of Groupe SVP.

Debt
BNP Paribas, CADIF and Palatine provided senior debt, consisting of A and B tranches. A capex line was also negotiated. Mezzanine funding was provided by IFE Mezzanine.

Company
Groupe SVP is a provider of professional support services with focus on HR management, legal consulting, skill development and business services. The Paris-based company employs 450 staff and caters to 9,000 clients in France. In 2010, the company's sales amounted to approximately €50m. The company is expected to reach a turnover of €100m by 2015.

People
Bertrand Tissot led the deal on behalf of Credit Agricole Private Equity. Olivier Lenormand is CEO of Groupe SVP.

Advisers
Equity – Paul Hastings, Olivier Deren (Legal); Constantin, Benoît Pimont (M&A); Neovian, Patrick Richer (Commercial due diligence).
Vendor – UBS Wealth Management, Fabrice Scheer, Arnaud Fauqueur (Corporate finance); Latournerie Wolfrom, Christian Wolfrom (Legal).
Managment – Dargent Avocats, Alexis Dargent (Legal).

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• Topics
• France
• Buyouts
• Support services
• Credit Agricole Corporate & Investment Bank
• Socadif