Omnes-backed SVP acquires FYM Conseil
French support services provider Groupe SVP, a portfolio company of Omnes Capital, has bought training agency FYM Conseil.
Omnes (then Credit Agricole Private Equity) invested €22.65m to secure a majority stake in SVP in September 2011. 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. This is the fourth acquisition for SVP since 2005.
Company
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. It is expecting to reach a €60m turnover in 2012.
Founded in 1976, Lorient-based FYM Conseil offers training services targeting various industries including banking, insurance, transportation, media and agrifood. It is set to achieve a €5m turnover for 2012.
People
Bertrand Tissot led the deal for Omnes. Olivier Lenormand is president of SVP.
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