EdRCP sells Groupe Lavance

EdRCP acquired the business in July 2005. Since then, Groupe Lavance has grown organically and acquired truck cleaning equipment company OLM following an injection of fresh equity by EdRCP.

Company
Established in 1979, Groupe Lavance distributes, operates and maintains automotive cleaning equipment, such as automatic car washing devices commonly found in service stations. The Chanteloup-based business employs around 200 staff and posted a €40m turnover in 2010.

People
Erick Fouque, Hervé Fonta, Paul Barry and Vincent Bazzochi handled the deal for EdRCP.

Advisers
Vendor - Leonardo Midcap CF, Patric Maurel, Jean-Baptiste Marchand, Joseph Khoury, Frédéric Singer (M&A); Hoche Société d'Avocats, Jean-Luc Blein, Virginie Facchina, Marie Peyrega, Jennifer Pernet (Legal, tax); Laubeuf & Associés, Stéphane Laubeuf, Edward Poupinel (Social due diligence); KPMG, Axel Rebaudieres, Charles Abbey (Financial due diligence); Estin & Co, Jean Berg, Geoffroy Rupprecht (Commercial due diligence).

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