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Transaction type
Fundraising
Activity sector
Accompanied by
MBA Capital Bordeaux
Date of publication
This fund raising will allow the group, which offers a single point of entry to all project owners whatever their construction or rehabilitation project, to pursue its acquisition policy.
With more than 150 employees and a turnover of nearly €30 million, the ALIÉNOR group is experiencing strong development of its turnover, both through internal growth and through acquisitions, at a rate of 2 to 3 operations per year. Operating in the relatively fragmented sector of Design Office - Building Engineering, the two forty-year-old managers Vincent Bernard and Manuel Vinatier are pursuing a proactive policy of targeted acquisitions, following two strategic lines:
On 22 March 2022, Initiative & Finance strengthened the equity of the ALIÉNOR group through a capital increase, in order to pursue and accelerate external growth in its two strategic lines by enabling the acquisition of a very active and recognized target of players in the mass retailing sector. On this occasion, a couple of managers will also enter the capital.
MBA Capital a mené un process concurrentiel dans un calendrier relativement restreint de 6 mois, cette contrainte étant imposée par les cédants de la dernière entreprise acquise par le groupe ALIÉNOR. La parfaite connaissance de MBA Capital Bordeaux des fonds d‘investissement susceptibles d‘intervenir en minoritaire sur une opération primaire de capital-développement a permis de conclure dans les temps impartis une opération aux contours bien définis par les dirigeants : préférence pour une intervention en equity pure, avec entrée concommitante de deux managers de la société cible reprise par le groupe ALIÉNOR.
Initially born in 2008 as an integrated Design Office within a developer and manager of nursing and retirement homes, the skills of ALIÉNOR and in-depth knowledge of building project management enables it to perfectly understand the needs and requirements of its clients today. Taken over by its two young current directors in 2015, Vincent Bernard and Manuel Vinatier, it operates in the construction sector and offers a full range of Design Office - Building Engineering activities (structure, fluids, utility networks, economics, scheduling, piloting and coordination), from feasibility study to technical project management and general contracting through its various subsidiaries. it provides all the expertise required to put together a project management team. It is organized into regional agencies (Paris, Bordeaux, Toulouse, Lyon and Aix-en-Provence) and business divisions (Building, Industry, Wine, General Contracting, Mass Retailing).
With more than 325 transactions completed since its creation in 1984, Initiative & Finance is one of the major players in Private Equity in France focusing exclusively on the financing and buyout of SMEs across all sectors. I&F has been working with SME managers for more than 35 years and has gradually opened up to mid-sized companies. I&F supports their partner executives in the transformation, buyout and growth projects, offering them the perspective and expertise of a professional shareholder to help them tackle their financing, strategy, governance and organizational challenges. I&F currently has c. 35 investments in its portfolio. With its latest fund Initiative & Finance FPCI III, raised in December 2019 for an amount of €206 million, Initiative & Finance manages more than €400 million of capital, not including its MidCap Tomorrow fund which has just made its first investment with the MBO of Babymoov.
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