CAPE exits Proman in sponsorless OBO

Sofipaca and CAPE invested less than €10m in 2007, securing a minority stake. Crédit Agricole Provence Alpes Côte d'Azur and LCL arranged a €20m two-tranche debt package and earmarked a capex facility.

Exit routes envisioned at the time included a possible IPO as well as a potential secondary buyout. Since then, Proman's turnover doubled to €550m.

Company
Founded in 1990, Proman is a temporary work agency headquartered in Manosque. It operates through 160 agencies - up from 80 at the time of the 2007 investment.

People
Daniel Balland and Benjamin Arm led the deal for CAPE. Sofipaca was represented by Yves Besset and Michel Pourcelot.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Exits
• Support services
• France
• Crédit Agricole Private Equity