Capital restructuring and raising of a new debt

 

June 23rd, 2022

Natixis Partners advised Safic-Alcan on its new entrepreneurial project

Natixis Partners advised Safic-Alcan in the reorganization of its capital and the refinancing of the group linked with its new entrepreneurial project. This transaction constitutes a new phase in the development of the company which will remain majority-owned by its management and employees. Private equity investors EMZ Partners, Sagard and Société Générale Capital Partenaires will reinvest and will be completed by three new investors: Equistone, IK Partners and GENEO Capital Entrepreneur. The transaction was financed through a new syndicated loan in the form of a Term Loan B and a Revolving Credit Facility. This transaction was strongly supported by the group's banking partners and offers great flexibility to pursue the dynamic external growth strategy. Safic-Alcan is a French independent distributor of specialty chemicals. The company develops and provides wide ranges of polymers, materials and additives for the rubber, coatings, adhesives, thermoplastics, polyurethane, lubricants, detergents, cosmetics, pharmaceuticals, and nutraceuticals industries. With a network of 32 offices strategically located in Europe, Turkey, Middle East, North America, Mexico, China and South Africa, the company represents state-of-the-art manufacturers around the world. Its highly specialized sales engineers allow Safic-Alcan to provide dedicated technical expertise and high-performance solutions thus creating long term partnerships with most of its principals and customers. Safic-Alcan employs 697 people worldwide and generated a turnover of €725m in 2021.