TCR buys Locabri from Ekkio

Siparex also picked up a 23% stake and Crédit Agricole Régions Investissement (Carvest) obtained a 3% stake as part of the secondary buyout. The company's management has also procured a 9% stake.

Ekkio (under Acto Capital) wholly acquired Locabri in July 2006 via its Acto I fund. A senior debt facility was provided for the buyout by Lyonnaise de Banque, BNP Paribas and LCL, while CIC Finance supplied mezzanine financing.

Under TCR's majority ownership, Locabri plans on accelerating its organic growth, as well as extending its reach further afield geographically by seeking new partnerships.

Debt
CIC Lyonnaise de Banque and LCL have arranged a senior debt package for the SBO alongside Crédit Agricole Centre-Est and BNP Paribas. Mezzanine financing has been supplied by IFE Mezzanine.

Company
Founded in 1975 and headquartered near Lyon, Locabri specialises in the manufacturing, installation and maintenance of modular structures, such as temporary buildings and depots, for the retail and logistics industries.

The company employs 70 staff and generates turnover of €18m.

People
Eric Dewinter is the president of Locabri. TCR partner David Robin, associate director Romain Bled and director Fabien Bemez worked on the deal for the firm alongside Siparex's Benoît Métais, Romain Boisson de Chazournes and Benoit Varichon. Cécile Bénet of Carvest also worked on the deal.

Advisers
Equity – PwC, Didier Sidois, Pierre-Mikael Voyer (Financial due diligence); Landwell, Anne-Valérie Attias, Marc-Olivier Roux (Tax); Advention, Alban Neveux, Nicolas Lubeth (Strategic due diligence); King & Wood Mallesons SJ Berwin, Maxence Bloch, Pierre-Louis Sevegrand-Lions, Mathieu Therrisse, Margaux Baratte, Olivier Vermeulen, Calixte Glotin (Legal); Sodica, Gilles Coudon, Marc-Antoine Olivier (M&A).
Vendor – UBS, Jérôme Breuneval, Julien Lafarge (M&A); Deloitte, Thomas Fischer (Financial due diligence); Willkie Farr & Gallagher, Christophe Garaud, Grégory de Saxcé, Marion Bellemin (Legal).
Senior debt – Reed Smith, Alexandre Tron (Legal).
Mezzanine – Dentons, Pierre Jouglard (Legal).

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