Hayfin today announces that it has acted as the provider of senior-secured debt financing to support IK Partners’ acquisition of French fire safety company Eurofeu Group (“Eurofeu”) from CAPZA.
Founded in 1972, Eurofeu installs and maintains fire protection equipment, as well as fire protection systems, for business-to-business (B2B) clients predominantly. Eurofeu’s integrated manufacturing capabilities enable the company to provide a highly differentiated offering from its competitors. It benefits from strong product sale revenues as well as generating additional income from the maintenance of existing fire protection equipment and the supply of associated spare parts.
Eurofeu employs 1.850 workers across 42 agencies and two manufacturing sites, serving approximately 160,000 B2B clients across France.
Alban Senlis, Head of Hayfin Private Credit in France, commented: “We are delighted to have partnered with the Eurofeu management team and prominent private equity sponsor IK Partners to underwrite this debt financing, providing the flexibility, certainty and speed of execution to enable this significant acquisition. We look forward to working closely with IK Partners and Eurofeu throughout the next chapter of the company’s growth journey.”
The debt financing brings the firm’s total investment activity in France through its Direct Lending strategy to c. €3 billion deployed across more than 20 transactions in the past 5 years.