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FSI Régions and SGCP back WC Loc OBO

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FSI Régions and Société Générale Capital Partenaires (SGCP) have taken a minority stake in the owner buyout of WC Loc, a French sanitation fixtures rental business.

Group manager Hervé Montagne, who bought the business in 2007, remains a majority shareholder. Several employees also took a stake in WC Loc as part of this latest transaction.

CIC Nord Ouest, Société Générale, Crédit du Nord and LCL arranged a senior debt package to finance the OBO.

Company
Founded in 1992, the WC Loc group provides sanitation fixture rental services. Its holding company, HM Finance, comprises six businesses that generate a €13m turnover. The group employs 115 people.

People
Jacques Solleau and Ménelé Chesnot led the deal for FSI Régions. Emmanuel Leplat represented SGCP.

Advisers
Equity – PDGB, Roy Arakélian, Madia Iliopolou (Legal); Grant Thornton, Nathalie Margraitte, Rémy Brocquet (Corporate finance).
Company – Alister, Bernard Pommier, Sylvie Michel Piat (Legal).

 

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