De Pardieu Brocas Maffei advised the lenders on a €2,420,000,000 financing for Altrad, a world leader in the provision of industrial services, to refinance its existing debt facilities, finance future acquisitions and additional general working capital needs.
Based in France, Altrad is a world leader in the provision of industrial services, offering high value-added solutions, mainly in the energy, power generation, process, oil and gas, environment and construction markets. Its multi-disciplinary activities include engineering, mechanical works and projects as well as specialist services, access solutions, insulation and coatings. The Group is also a leading manufacturer of equipment for the construction markets.
Altrad’s success is in part a product of its growth strategy and strong capacity for integration and transformation. Following major acquisitions between 2015 to 2017 (Hertel, Prezioso and Cape, adding c.€2 billion in revenue) and a significant number of acquisitions already announced in 2021/2022 (11 acquisitions adding c.€1,3 billion in diversified, recurring revenue streams), Altrad will turn over approximately €4,1 billion and employ 55,000 people worldwide.
The lenders were BNP Paribas, Crédit Agricole Corporate and Investment Bank et Natixis, acting as Coordinators and Mandated Arrangers & Bookrunners. CIC Lyonnaise de Banque, HSBC Continental Europe et Société Générale acted as Mandated Arrangers & Bookrunners and Arkéa, Commerzbank, Crédit Agricole Languedoc, Crédit Lyonnais, Banque Européenne Crédit Mutuel, JP Morgan et La Banque Postale as arrangers.