Clearwater International has advised shareholders of Group Location Transport on the reorganisation of its capital and the refinancing of its senior debt.
Created in 2001 by its current managers, Jean-Claude Bel and Didier Brunelin, and backed since 2008 by MBO Partenaires, Groupe LT has become a major player in construction equipment and material rental as well as in passenger transportation.
The group is located in 3 regions (Ile-de-France, Aquitaine and Champagne-Ardenne), generates sales close to €40m and is organised around 3 business units relying on strong brands:
- Public work equipment rental with and without operator through Chambault-Lotrabat, San Martin, STC and SMCI
- Construction equipment rental and distribution through Caupamat, A-trait, Battud and Delvaux
- Passenger transportation (vehicles with driver and disabled persons’ transportation) through Skippy and Aetas.
After having contributed to the Group’s strong growth over the past few years through both organic and external growth channels, the founding managers and MBO Partenaires appointed Clearwater International on the reorganisation of the Group’s Capital Structure and the refinancing of its senior debt.
Through this operation, MBO Partenaires sold its whole stake and the founding managers sold a minority stake to a consortium of three investors, BNP Paribas Développement, Société Générale Capital Partenaires and Ouest Croissance, which will support the managers in their organic and external growth strategy thanks to the large number of opportunities offered by the regions where the Group operates (especially in Acquitaine and Paris area).
The Clearwater International team was led by Philippe Croppi.