LGT Private Debt arranges takeover of Résilians
LGT Private Debt has arranged a unitranche financing agreement for the takeover of Résilians. The buyout experts Motion Equity Partners are acquiring a majority shareholding in the Parisian building renovation specialist.
Unitranche financing represents a hybrid loan structure that combines senior debt and subordinated debt into a single loan. This type of financing is aimed primarily at medium-sized companies and is used by private equity firms to process debt-financed acquisitions.
“LGT Private Debt is pleased to support Motion again as well as the management team of Résilians in their next development phase”, comments Kevin Abrial, Partner at LGT Private Debt (France) S.A.S., in the press release. “We have successfully partnered with Motion on several buy-outs”, Abrial adds.
“LGT Private Debt has demonstrated its ability to react swiftly in understanding the strong potential of Résilians, and was committed to delivering a tailor-made financing solution to meet the Company’s requirements”, according to Anthony Baudoin, Partner at Motion Equity Partners, adding that: “We are pleased to team up with LGT Private Debt once again”.