Clearwater International France advises Apax Partners Development on the sale of Groupe Silvya Terrade to Abenex Capital as well as on the financing of the Group
Clearwater International France has advised Apax Partners Dévelopment on the sale of Groupe Silvya Terrade to Abénex Capital as well as on the financing of the Group.
Backed by Apax Partners Dévelopment since 2016, Groupe Silvya Terrade, developed by Grégory Declercq, Pierre Juhen and Bernard de Sagazan, announced today that it will pursue its expansion alongside Abénex.
Groupe Silvya Terrade is the largest network of beauty and hair styling schools in France, preparing students for a full range of qualifications in Beauty, Cosmetics, Perfumery and Hair styling. More than 4,800 students are enrolled each year in its 37 schools in France and Switzerland. The group also manages a broad network of more than 3,000 professional partners – including brands, institutes and salons – and draws on the skills of 500 education professionals.
Apax Partners Dévelopment invested in 2016 and since then, the group has oriented its growth strategy along two avenues: carrying out build-ups in France and Europe, with the acquisition of 30 schools, and modernising and diversifying its range of training programs, by moving into higher levels of qualification, as well as digitalising content and learning methods.
The group intends to pursue its acquisition strategy so as to significantly extend its schools network and invest in digitalisation and development of state-certified programs.
In the meantime, Clearwater’s debt advisory team was mandated by the Group to provide a financing which will allow for flexibility to pursue its ambitious external growth strategy. Tikehau Capital arranged this financing composed of:
An unitranche debt;
A capex line for future build-ups.