Investec has advised CEME and Seven2 on securing a new syndicated credit facility to refinance CEME existing LBO debt and finance Ovalt build-up
About the deal
CEME is a multi-technical energy services provider supporting the energy, digital and industrial transitions. Thanks to a large agency network, the Group benefits from a national coverage allowing to build strong relationships with its clients. Over time, CEME has successfully upgraded its offer, delivering complex projects that require deep expertise and high level of technical capability, especially in the high-growth segments of datacenters, controlled environment facilities (i.e. cleanrooms), nuclear industry and logistics.
Following Seven2 majority investment, CEME has successfully combined sustained organic growth with dynamic M&A activity, notably financed with drawdowns under the capex and acquisition facility.
In light of the full utilization of its capex and acquisition facility commitments, the Group and its shareholders appointed Investec to launch a refinancing process, with the following objectives :
- securing future acquisitions through the implementation of new capex and acquisition facilities,
- extend the maturity profile of its debt structure,
- finance the acquisition of Ovalt.
A specialist in industrial performance across electrical engineering, automation and industrial IT, Ovalt stands as a strategic and value-added acquisition for CEME, strengthening the Group’s industrial mix and the depth of its technical expertise.
Our role
Investec advised CEME and Seven2 all along the debt raising process :
- building a compelling debt story,
- preparing marketing materials,
- identifying and selecting relevant lenders,
- debt structuring,
- managing a competitive process among selected lenders,
- legal negotiations securing borrower-friendly terms and conditions,
- management of the closing process.
