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About the deal

Investec has advised Groupe Sylpa shareholders (of which Andera Acto) on the Group disposal to Fauché (backed by EMZ Partners)

Created in 2006 by Pascal Fournet-Fayard, Groupe Sylpa has become a major player in electrical engineering (engineering, installation and maintenance) in the Ile-de-France region. Thanks to a continuous and profitable growth and several strategic acquisitions, the Group now comprises 8 business units grouped into 5 companies (ETT, ENTRA, SGEA, IECF-PESIER, APELTEC). With c.€70m sales, the Group now employs more than 300 people.

Groupe Sylpa positioning, which focuses on promising and resilient markets (transport, power networks, video surveillance, data centers, etc.), allows the Group to work on a mix of major projects, numerous small-scale works and maintenance contracts. Sylpa serves a diversified customer portfolio (public, semi-public and private entities).

After 4 successive LBOs, Groupe Sylpa has been backed by Andera Acto (minority shareholder) since 2019. Pascal
Fournet-Fayard (founder and CEO of Groupe Sylpa) and Andera Acto wanted to fully exit and organize a disposal to a strategic player able to support the Group’s growth and development alongside the existing management team.

Sylpa was sold to Groupe Fauché (backed by EMZ Partners), while the management team rolled-over partly to become Fauché shareholders. This transaction enables Sylpa to benefit from strong complementarities in terms of geography, business lines (shared competencies in multiple segments) and customers (cross-selling and commercial synergies) with Fauché.

What we did

Investec advised Groupe Sylpa’s shareholders throughout the transaction process:

  • defining deal tactics and best timing to unlock strategic value,
  • designing a compelling equity story and preparing marketing documents,
  • qualifying best potential buyers able to value Groupe Sylpa’s positioning and support its development,
  • coordinating the carve-out of VB (Group’s subsidiary based in Clermont-Ferrand, no longer part of the Group) before closing the transaction,
  • running a competitive bid process to meet shareholders objectives,
  • assisting in the final negotiations of the transaction documentation.
Deal Type
Target Headquarter
Date
December 2024
Parties

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