Transaction

Clearwater advises SITES on a secondary LBO structuring - Debt Advisory

Transaction

Sites refinanced the group with Societe Generale, Banque Europeenne, Groupe Credit Cooperatif

Financing

Undisclosed

Role

Adviser to SITES on raising a banking facility to refinance its existing debts and finance its growth

Sector

Industrial & Chemicals
Business Services
Energy & Utilities

Region

France

Clearwater has advised Société d'Instrumentation et de Traitement d'Essais sur Sites (SITES), a pioneering engineering company specialising in structural health monitoring, on its minority stake sale to Raise and Siparex. The French Nuclear Fund (FFN) managed by Siparex is also involved in the transaction. This operation is in line with SITES’ capital reorganisation and the exit of Bpifrance, which has been supporting the group's growth since 2015 through the FDEN (Fonds de Développement des Entreprises Nucléaires).

SITES' Managing Directors, Hervé Lançon and Marie-Hélène Inchauspé expanded the shareholding structure to the other members of the management team, on top of new financial partners, to support the group's long-term growth and structuring in France, as well as its international development.

Founded in 1984, SITES is an independent engineering company specialising in the monitoring and optimisation of key infrastructures’ lifecycle. As a major player in the nuclear sector, and more generally in the low-carbon energy field with the acquisition of Cornis in 2020, and a leader in wind turbine blade inspection, the group also developed its activities in transportation facilities, buildings, construction, and research centres. Thanks to its extensive track record and technological tools developed and renewed in-house, the group covers the entire value chain, from structured inspection to maintenance and supervision work, including diagnosis, calculation, tests, surveys, measurements, and monitoring. With over 400 employees, the company has achieved significant growth and has generated €40m in revenues in 2021. Thanks to its successes in France, the group has expanded its presence abroad in geographies outside Europe including, among others, China, South Africa, and Saudi Arabia.

In support of management, RAISE and the FFN will help SITES to boost its sectorial and geographical diversification and develop new skills, through the acceleration of its external growth strategy.

Clearwater also supported the management of SITES in structuring the senior financing of the secondary LBO transaction with Société Générale, BECM and Crédit Coopératif.

image 51

Transactions

Drag and zoom to explore transactions

Transactions

club del sole camping village site
The right investor for a forward-thinking operator…

Adviser to The Equity Club on the acquisition of a minority …

male hr recruiter employer holding cv
Joining forces for an international job market

Adviser to YER on its acquisition of AVANTGARDE Experts

image 62
Raising finance to support digital corporate banki…

Adviser to EMERAM on raising finance to support the acquisit…

Wind farm
ESG consulting and ESG markets specialist secures …

Adviser to the shareholders of Global Factor Solutions on it…

handling transport boxes
A family affair: The pursuit of growth and consoli…

Adviser to DIP on the acquisition of a majority stake in Acc…

baked cookies v2
Bake sale! PE sale of manufacturer and distributo…

Adviser to Initiative & Finance on the sale of Groupe Occipa…

electrician on background high towers power
Skewb receives investment from BGF

Adviser to Skewb on its significant investment from BGF

Untitled 7
Investment in a market leading high-touch travel m…

Adviser to ECI Partners on its investment in TAG

hotels
Five star success for the sale of trio of 4-star h…

Adviser to Honotel Group on the sale of three Parisian hotel…

image 65
Dynamic recruitment partnership expected to yield …

Adviser to YER on its acquisition of Staffxperts

young children playing educational toy
Unlocking huge latent potential for a market leade…

Adviser to Findel on its sale to Manutan

group students working together teacher
PE backs placing great teachers in education setti…

Adviser to TeacherActive on its investment from Pricoa

shutterstock 97066274
A new dimension for a luxury events agency

Adviser to the shareholders of Marcadé on its sale to Trail

image 102
Successful fundraiser for proprietary AI-driven te…

Adviser of Anozr Way on its Series A fundraising with Hi Ino…

image 51
Forging a natural partnership between the two most…

Adviser to Miura Partners on the acquisition of a majority s…

traffic cones on road electronic arrow
A smooth ride for a road traffic solutions special…

Adviser to Road Traffic Solutions on its sale to Equistone-b…

engineer wearing safety uniform helmet
A safe pair of hands for the UK's largest passive …

Adviser to Checkmate Fire on its sale to IK Partners

blonde female tourist checking incoming notification
PE backs hyper-personalised, automated passenger c…

Adviser to 15below on its significant investment from LDC

image 64
Saving 10,000 jobs as a consortium of investors ba…

Adviser to Yodel on its sale to YDLGP Ltd

indoor climbing woman
Urban sports on a continental scale

Adviser to Climbing District on its €10m fundraising

ATLINE feeding industry
Scaling up automated, robot-operated, quality assu…

Adviser to ATLINE on its sale to Indutrade

Corrugated cardboard
Neatly packaged deal for a manufacturer of corruga…

Adviser to Atlantic Box on its acquisition of CST

image 106
Driving exponential growth during a ten-year partn…

Adviser to Skanstec Group on its sale to H&MV Engineering

image 70
Accelerating growth across the food & beverage and…

Adviser to Ingersoll Rand on its acquisition of Friulair, a …

urban wastewater treatment plant
Satisfying demand for water and wastewater infrast…

Adviser to Lauridsen Handel & Import on its sale to Uniwater

iStock 951945582
Acquisition boosts market leader in DECT (Digital …

Adviser to Gigaset Communications on its sale to Snom Soluti…

image 57
PE portfolio company enables growth in physics, so…

Adviser to the shareholders of Guldberg and Personites on it…

business collaboration 2 SL3
Enabling support innovation and business growth an…

Adviser to ABF Group’s sale to Warrant Hub, a subsidiary of …

Clinic nurses tablet
Medicine, Surgery, Obstetrics (MSO) clinics attrac…

Adviser to PREIM on the sale of the real estate of Clinique …

Project Nest
Raising finance to support the acquisition of a le…

Adviser to Chequers on raising finance to support the acquis…

shutterstock 1873413118  v3
PE invests in reduced electricity consumption, low…

Adviser to Hvacon Marine Systems on its sale to Capidea

shutterstock 1606158370
Naval defence consortium boosts manufacture and ma…

Adviser of Jeumont Electric's shareholders on the sale of th…

image 66
Blue-chip clients benefit from sale of administrat…

Adviser to Alvarez & Marsal and AlpInvest on its sale of Doc…

image 103
Paving the way in renewable energies, efficiency t…

Adviser to enercity on the structuring of a syndicated RCF t…

ARTIGIANGIOCCO CIEMME1
From field to fork: PE acquires majority stake in …

Adviser to Hyle Capital Partners SGR on the acquisition of a…

businessman businesswoman surveyors
PE backs leading provider of engineering surveying…

Adviser to WestBridge on its investment in Survey Solutions

carpets
Clearwater advises Brintons Carpets on raising deb…

copper pipes close coils tubes warehouse
Clearwater advises Deutsche Invest Mittelstand’s p…

Clearwater has advised DI Mittelstand‘s newly acquired portf…

marble countertop
Clearwater advises Tenax on its acquisition of NES…

Clearwater has advised Tenax, a world-leading producer of sp…

iStock 951945582
Clearwater advises Apadmi on its investment from C…

Clearwater has advised the shareholders of Apadmi, a leading…

image 63
Clearwater advises Mobeus on its investment in Ell…

Clearwater has advised Mobeus, a leading institutional inves…

shutterstock 2112459077
Clearwater advises Nørgaard Anlæg on its sale to N…

Clearwater has advised Nørgaard Anlæg, a turn-key landscape …

WESTFA Fluessiggas Tank weiss
Clearwater advises Adeleon on the sale of WESTFA E…

Clearwater has advised Adeleon Familienholding GmbH (Adeleon…

Plane runway
Clearwater advises Technic Aviation on its sale to…

Clearwater has advised the shareholders of Technic Aviation,…

Web summit
Clearwater advises AVK Group on its sale to Crest

Clearwater has advised the shareholders of AVK Group, the Po…

image 93
Clearwater advises Suez on the disposal of its env…

Clearwater has advised Suez, a French multinational water an…

maritime trade ship
Clearwater advises Green Instruments A/S on its sa…

Clearwater has advised Green Instruments A/S (Green Instrume…

iStock 540852816
Clearwater advises Mayden on its partnership with …

Clearwater has advised Mayden, the growing health tech compa…

iStock 463594335
Clearwater advises the shareholders and managers o…

Clearwater has advised the shareholders and managers of Mari…

image 52
Clearwater advises Fruition IT on its investment f…

Clearwater has advised Fruition IT (consisting of Fruition I…

image 136
Clearwater advises Banook Group’s shareholders, Tu…

Clearwater has advised the shareholders of Banook Group (Ban…

business finance generic ML3 2
Clearwater advises iamproperty on its investment f…

Clearwater has advised the Shareholders of iamproperty, a le…

image 134
Clearwater advised Forensic Testing Service on its…

Clearwater has advised Forensic Testing Service (FTS), a lea…

image 104
Clearwater advises the shareholders of Netwo on it…

Clearwater has advised Netwo, an emerging telecom-tech playe…

image 64
Clearwater advises on Palatine’s investment in BK …

Clearwater has advised on Palatine’s investment in BK Plus, …

shutterstock 1769773103
Clearwater advises Powerpoint Engineering on its s…

Clearwater has advised Powerpoint Engineering Limited (Power…

shutterstock 1906657039
Clearwater advises Sociedade Lisbonense de Metaliz…

Clearwater has advised the shareholders of Sociedade Lisbone…

image 115
Clearwater advises the management of EFOR and Rais…

Clearwater has advised the management of EFOR, a prominent p…

Construction workers steel reinforcement bar  shutterstock 786092152
Clearwater advises RWL Advanced Solutions on its s…

Clearwater has advised RWL Advanced Solutions Limited (“RWL”…

cardboard packaging
Clearwater advises Waterland and Carton Group on r…

Clearwater has advised Waterland Private Equity (Waterland) …

business professionals group young confident people ML1
Clearwater advises Trustmoore on its acquisition o…

Clearwater has advised Trustmoore, a global corporate servic…

image 66
Clearwater advises the management of Novag on its …

Clearwater has advised the management of Novag, a company sp…

shutterstock 1922521334
Clearwater advises Cooper Parry on its acquisition…

Clearwater advises Waterland-backed Cooper Parry, the UK’s f…

image 48
Clearwater advises the sole shareholder of Envases…

Clearwater has advised the sole shareholder of Dajapack Spai…

image 125
Clearwater advises IDI on debt financing for the a…

Clearwater has advised IDI, a leading French private equity …

security cameras monitor
Clearwater advises SIKOM Danmark on its sale to Pr…

Clearwater has advised SIKOM Danmark, a leading integrated s…

shutterstock 1707892294
Clearwater advises Primary on its investment in Di…

Clearwater has advised Primary Capital Partners (Primary) on…

iStock 1340944124
Clearwater advises Phoenix Equity Partners on its …

Clearwater has advised Phoenix Equity Partners (“Phoenix”), …

railway tracks
Clearwater advises Eurizon and Ersel on raising fi…

Clearwater has advised Eurizon Capital SGR (Eurizon), the as…

Plane runway
Clearwater advises Ayesa and Grupo Sevilla Control…

Clearwater has advised Ayesa and Grupo Sevilla Control on th…

image 74
Clearwater advises EY on its acquisition of IPQ Te…

Clearwater has advised EY, a leader in professional and cons…

image 98
Clearwater advises DBAG and Haspa BGM on the sale …

Clearwater has advised Deutsche Beteiligungs AG (DBAG) and H…

image 72
Clearwater advises C&H Systems on its sale to Qubi…

Clearwater has advised C&H Systems (C&H), a Danish a…

shutterstock 2318441911
Clearwater advises LDC on its investment in Boston…

Clearwater has advised LDC on its significant investment in …

image 100
Clearwater advises Kemi-tech on its sale to Sdipte…

Clearwater has advised Kemi-tech, the leading Danish manufac…

image 63
Clearwater advises MBL Seminars on its sale to Law…

Clearwater has advised the shareholders of MBL Seminars (MBL…

film making
Clearwater advises AXA IM Alts on the acquisition …

Clearwater advises AXA IM Alts, a world leader in alternativ…

image 126
Clearwater advises the shareholders of CRP, IMACAM…

Clearwater has advised the shareholders of prominent medical…

handshake business Technolution
Clearwater advises Technolution on its sale to MGS

Clearwater has advised Technolution, a Danish consultancy an…

image 111
Adviser to Hakim Group on raising debt facilities …

1711885617880
Clearwater advises ICG on its partnership investme…

Clearwater has advised financing partner ICG, on its investm…

shutterstock 2118547160
Clearwater advises APEM Group on its refinancing t…

Clearwater has advised WestBridge-backed APEM Group, a globa…

image 74
Clearwater advised LDC on its investment in Star L…

Clearwater has advised LDC on its investment in Star Live, t…

image 49
Clearwater advises H.I.G. Capital on raising finan…

Clearwater has advised H.I.G. Capital, LLC (H.I.G. Capital),…

hybrid power plants
Clearwater advises Inopower on its sale to Magnesi…

Clearwater has advised Inopower, a leading European supplier…

retirement seniors
Clearwater advises Kerdonis on the sale of its hea…

Clearwater has advised Kerdonis Group (Kerdonis), a family-r…

OJ Electronics headquarters building
Clearwater advises OJ Electronics on its sale to B…

Clearwater has advised the Christiansen family and managemen…

SA AL Koleteknik equipment
Clearwater advises SA-AL Køleteknik on its sale to…

Clearwater advises SA-AL Køleteknik, a leading refrigeration…

image 55
Clearwater advises the MCR Group on its investment…

Clearwater has advised the MCR Group, a rapidly growing outs…

cruise ship
Clearwater advises the majority shareholder on rai…

Clearwater has advised the majority shareholder, Inti Ligabu…

attractive female international student making individual
Clearwater advises Apiary Capital on its investmen…

Clearwater has advised Apiary Capital, a UK private equity f…

Aeroplane 2
Clearwater advises the shareholders and managers o…

Clearwater has advised the shareholders and managers of Fren…

Residential apartment block
Clearwater advises Volution Group on the acquisiti…

Clearwater has advised Volution Group (Volution), a leading …

doctor patient medical office
Clearwater advises Latus Health on its acquisition…

Clearwater has advised Latus Health (Latus), a prominent pro…

image 111
Clearwater advises Latus Health on raising debt fa…

Clearwater has advised Latus Health (Latus), a prominent pro…

cloud computing
Clearwater advises Transparity Solutions on raisin…

Clearwater has advised Transparity Solutions (Transparity), …

Sodeprint prints
Clearwater advises Naxicap and Stéphane François o…

Clearwater has advised the shareholders of Sodeprint, a grou…

Fovea vet
Clearwater advises Fovéa on its fundraising from E…

Clearwater has advised Fovéa, a French veterinary clinics gr…

Food platter
Clearwater advises MRS on its partnership with UK-…

Clearwater has advised MRS Group (MRS), a Paris-based provid…

shutterstock 1065451166
Clearwater advises Mayfair on raising debt facilit…

Clearwater has advised Mayfair Equity Partners on raising de…

club del sole camping village site
The right investor for a forward-thinking operator…

Adviser to The Equity Club on the acquisition of a minority …

male hr recruiter employer holding cv
Joining forces for an international job market

Adviser to YER on its acquisition of AVANTGARDE Experts

image 62
Raising finance to support digital corporate banki…

Adviser to EMERAM on raising finance to support the acquisit…

Wind farm
ESG consulting and ESG markets specialist secures …

Adviser to the shareholders of Global Factor Solutions on it…

Use ctrl + scroll to zoom in/out