Turenne Capital funds Cibex bolt-on

The fresh funding will also finance the group's ongoing development. The acquisition of private accomodation developer Infinim will allow Cibex – which traditionally focused on commercial buildings – to diversify its activities.

Crédit Agricole Centre Loire provided debt facilities to finance the build-up operation.

Company
Established in 1997, Cibex is a real estate developer based in Paris. It focuses on commercial buildings and logistics parks. Its founding managers hold a majority stake in the business.

Orléans-based Infinim was established in 1988. It specialises in the development and construction of private accomodation and currently has a portfolio of 20 projects. The company was previously owned by its founder and president.

People
Olivier Motte, Benoît Pastour and Alexis de Maisonneuve worked on the deal for Turenne.

Advisers
Equity – Cabinet Carré, Jean‐François Carré, Sabrina Bol (Legal); ADH Experts, Ludovic Pouzol (Financial due diligence); Exponens, Jean‐Pierre Bourgin, David Sanglier (Financial due diligence); CARCIE, Thierry Ottan, Alexis Martin, Isabelle Le Floch (Corporate finance).

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