Management buy-out of Proxiserve
FR
Sycomore Corporate Finance acted as financial advisor to Proxiserve and its management
The management team was led by Stephane Caine, CEO of Proxiserve.
In December 2011, Proxiserve’s managers had chosen Latour Capital to accompany them in their MBO (spin-off of Veolia Environnement) and in the future development of their Group. Since then, the group realised 5 build-ups.
In 4 years, the management team, significantly developed all activities and significantly improved the profitability of the Company, particularly in the maintenance business that was in deficit.
Convinced of the remaining potential for development and profitability improvement, Latour Capital reinvested in a minority position alongside management and another minority financial investors entering.
Rationale
France-based company specialised technical service solutions for the maintenance of heating and water distribution systems.
In 2015, Proxiserve reported revenues of €346m with a work force of 3,200 employees and a network of 25,000 clients.
France-based private equity and venture capital firm investing between €20m and €60m in companies, based in France and Europe, with enterprise value between €30m and €200m.