Sale of Trescal to 3i and TCR Capital
Arjil Groupe Altium acted as financial advisor to the shareholders of Trescal, Astorg Partners and the management
- Trescal is a leading European service provider in calibration and measurement service solutions with over 50 laboratories across eleven countries including France, the UK, Italy and Germany. Headquartered in Paris, Trescal has in excess of 1,200 employees across Europe and serves over 15,000 customers, across a range of sectors including defence, aerospace, telecommunications, transportation and automotive.
- Since 2007, when Trescal was acquired by Astorg from Air Liquide, the company has made 8 acquisitions across 5 countries and has grown its turnover from €70m to €110m, reinforcing its leading position in the European market.
- Leveraging its broad experience of the European industrial services industry, Arjil Groupe Altium was appointed by the shareholders to sell Trescal, the European leader in calibration.
Arjil Groupe Altium advised the shareholders on all aspects of the transaction: drafting of the information memorandum, approaching potential trade buyers and private equity houses, negotiating the terms of the transaction and managing the overall transaction.
- After a fast-paced process launched in April, 3i and TCR Capital were finally selected. The two financial sponsors became the majority shareholders and invested alongside the management team.
Having advised l’Air Liquide on the sale of Trescal to Astorg Partners in 2007, Arjil Groupe Altium then worked with Trescal on two major acquisitions in the UK, one from QinetiQ in 2009 and the other from Dowding & Mills in 2010, demonstrating Arjil Groupe Altium’s skill in developing strong relationships with the shareholders and management of industry leaders.
For further information on this transaction please contact Henri Bouvatier or Guillaume Piette
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