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12/2023MinorityLBO

Nord Capital Partenaires invests in Groupe Roger Delattre

FRANCE Construction / Structural Works / Masonry & Civil Eng. REV €50–100M

Context

Groupe Roger Delattre has engaged in its first-ever private equity transaction, securing a minority investment from Nord Capital Investissement through a primary Leveraged Buyout (LBO). This strategic move was designed to fuel the company's next growth phase while maintaining leadership continuity. The historical majority shareholder, Reinold Delattre, and his associate will retain their controlling stake post-transaction. A significant element of the deal involves creating an ownership path for key executives, allowing them to become shareholders and better aligning management interests with the company's long-term objectives. The transaction's financing includes a senior bank debt facility, with leverage reported to be less than three times the company's historical earnings. The principal rationale for this partnership is to execute an aggressive external growth strategy. The company has a pre-defined plan for targeted acquisitions across France, aimed at strengthening its position in core business segments, with a particular focus on the building framework market. The ultimate ambition behind this capital injection is to substantially increase the company's scale and market share over the next five years.

Groupe Roger Delattre, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only].

Target

Roger Delattre is a long-standing family-owned industrial group specializing in the structural and building envelope sectors, with a core expertise in steel framing, metalwork, and facade systems. Based in Boulogne-sur-Mer, the company operates through a decentralized network of 10 subsidiaries, employing approximately 400 people. Its business model is built on providing integrated construction solutions for complex building structures, leveraging decades of technical know-how to serve both public and private sector projects. The firm has historically utilized a strategic buy-and-build approach to diversify its service offering, moving from a regional specialist to a major national player in the structural works segment. Its value proposition is anchored in the high quality of its engineering and its ability to handle large-scale, multi-technical building envelopes.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
€50–100M
[members only]
[members only]
2022
€50–100M
[members only]
[members only]

Other operations with Nord Capital Partenaires

Other operations with Nord Capital Partenaires
DateAcquirerTargetCountrySector
02/2026NORD CAPITAL PARTENAIRESLE PETIT SOUKFRANCEHome & DIY
02/2026NORD CAPITAL PARTENAIRESGROUPE COLIBRI – PROMESSE DE FLEURSFRANCESpecialized E-commerce
09/2021TURENNE CAPITAL / NORD CAPITAL PARTENAIRESKALI ENVIRONNEMENTFRANCEEngineering & Consulting

Similar deals in Construction

Similar deals in Construction
DateAcquirerTargetCountrySector
01/2024SPIE BATIGNOLLESGROUPE ETPOFRANCEPublic Works
01/2024BNP PARIBAS DEVELOPPEMENT / SOCIETE GENERALE CAPITAL PARTENAIRES / BTP CAPITAL / BPIFRANCE / CREDIT MUTUEL EQUITYDEMATHIEU BARDFRANCEConstruction
12/2023MANAGEMENT & PRIVATE INVESTORSATELIERS DE FRANCE (FORMERLY MERIGUET-CARRERE)FRANCEFinishing Works
07/2023PAI PARTNERSINFRA GROUPBELGIUMUtilities Networks (Water/Fiber)
06/2023ARGOS WITYUTKH FRANCEFRANCEElectrical
05/2023MONTEFIORE INVESTMENTEXO GROUPITALYFinishing Works
03/2023BNP PARIBAS DEVELOPPEMENT / BPIFRANCE / BTP CAPITAL / ESFIN PARTICIPATIONSGCCFRANCEConstruction
11/2022HAL HOLDINGROYAL BOSKALIS WESTMINSTERNETHERLANDSPublic Works
11/2022VEIDEKKECONSTRUCTA ENTREPRENØRNORWAYMasonry & Civil Eng.
07/2022BYGGPARTNER GRUPPENFLODÉN BYGGNADSSWEDENMasonry & Civil Eng.

REFERENCES

Revenue range: REV €50–100M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Groupe Roger Delattre by Nord Capital Partenaires are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: groupe roger delattre

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Groupe Roger Delattre, a French company specialised in Structural Works, by Nord Capital Partenaires in 2023, structured as a leveraged buyout (LBO).

What was Groupe Roger Delattre’s revenue at the time of the deal?

At the time of the transaction, Groupe Roger Delattre’s annual revenue was estimated within the €50–100M range (FY 2023). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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