We have advised Advans Group, an engineering and IT services specialist, on its capital structure reorganisation through the investment of Azulis Capital and a unitranche debt subscribed by Zencap AM.
Founded in 2000, Advans Group reorganised its capital structure around Azulis Capital and twenty managers. Advans Group also secured €50m unitranche debt from Zencap AM to support its organic growth and an ambitious external growth plan.
Advans Group is an independent critical engineering and IT services specialist, operating through three renowned and complementary brands, each bringing together all of the group’s offering: Elsys Design, a specialist in embedded electronic systems, Avisto, a specialist in software development and Mecagine, a specialist in mechanics, i.e., a unique combination of technological expertise seldom found across competitors of similar sizes or large generalist players.
Advans Group relies on a diversified portfolio of large blue-chip clients, most being global leaders in their industries, resulting in a balanced coverage of various end-sectors such as energy, semi-conductors, defense, telecom, aerospace and terrestrial transportation.
Advans Group achieved over 10% growth p.a. over the last few years, even during the COVID-19 crisis. Advans Group generated sales of €84m in 2022, relying on more than 1,000 employees. The group operates in France via nine offices and in Serbia via three technical centers to serve international clients and offer nearshoring solutions to French clients. The group is also established in the Silicon Valley and recently opened a new office in Portugal. Its strong technical know-how allows Advans Group to benefit from a Tier 1 positioning with European and US blue-chip clients.
Advans Group aims to double its sales by 2026. The group will rely on the expertise of its sought-after engineers and plans to hire 350 additional engineers within 18 months. Its external growth plan targets the acquisition of new technical expertise and the improvement of its geographical footprint.
