Andera Partners acquired Groupe ERI, a multi-technical services provider, for $196 million on April 21, 2022. The deal was advised by Allen & Overy (buy-side legal), Veil Jourde (legal buy-side), Brugmann Conseil and CMI (commercial due diligence sell-side).
| Acquirer | Andera Partners |
| Target | Groupe ERI |
| Deal Value ($m) | 196 |
| Type | Acquisition |
| Closing Date | 2022-04-21 |
| Announcement Date | 2022-04-21 |
| Buy-Side Advisors | Allen & Overy (legal) |
| Sell-Side Advisors | Brugmann Conseil, CMI (commercial due diligence) |
| Legal Buy-Side | Veil Jourde |
| Legal Sell-Side | EGC |
The acquisition aims to accelerate Groupe ERI’s growth in the multi-technical services sector, where it operates across France and Belgium.
Deal Mechanics
Andera Partners closed on its acquisition of Groupe ERI for a total enterprise value of $196 million. The deal was executed through a combination of equity and debt financing.
Latour Capital, the previous majority shareholder in Groupe ERI since 2015, sold its stake to Andera Partners. Terms around financial structures were not disclosed by either party.
Strategic Rationale
Andera Partners’ acquisition of Groupe ERI is intended to bolster the target’s market position and support its expansion plans in multi-technical services, which include facilities management, energy efficiency, and safety & security solutions.
Groupe ERI serves clients across various industries including healthcare, industrial, commercial real estate, and public infrastructure. This acquisition by Andera Partners is expected to provide Groupe ERI with the resources and expertise necessary for further growth in its core markets.
Financial Context
Groupe ERI has been a key player within the multi-technical services sector since its foundation, providing comprehensive service packages that integrate facilities management, energy efficiency measures, and safety & security solutions. With this acquisition by Andera Partners, Groupe ERI aims to enhance its offerings through increased investment in technology and talent.
Andera Partners, an independent French private equity firm, specializes in supporting mid-market companies’ growth and development within the industrials and manufacturing sectors. The firm’s focus on strategic partnerships with management teams positions it well to drive Groupe ERI towards market leadership.