Private equity firm Ardian arranged a unitranche financing facility to support the refinancing and capital reorganization of Latour Capital-backed Syclef.
The financing package also includes a dedicated committed acquisition line to facilitate future build-ups.
Syclef is a French provider of design, installation and maintenance services for commercial and industrial refrigeration systems. Latour Capital initially acquired a controlling stake in the business in 2015.
Latour Capital received financial and legal advice from Willkie Farr & Gallagher, while Ardian used Allen & Overy. M&A advice was provided by Rothschild.
Ardian manages fund of funds, direct funds, infrastructure, real estate and private debt investments.
Latour Capital is a French private equity firm, targeting both domestic and international investments.