Septentrion Finance has advised on the sale of Spacing Group, a leading player in office space planning
26/08/2024
Septentrion Finance advises on the sale of Spacing Group, a leading office space planning specialist
At the end of a leveraged buyout (LBO) initiated nearly seven years ago, Xavier Richard, shareholder and CEO of Spacing Group (approx. €20 million in revenue), has decided to hand over the company. The choice of buyers focused on a duo capable of carrying forward the Group’s development, as well as that of its teams and partners, in the years ahead.
Having acquired Spacing Group in 2017 from Marc-Antoine Verhaeghe and Francis Deflandres, Xavier Richard successfully grew the company — both in terms of business volume and in the professionalization of its internal processes, including operational structure, performance management, and service quality. After nearly seven years at the helm, it was only natural for him to seek a new ownership that could write the next chapter of the Group’s journey.
The bid led by Nicolas Florentz and Laurent Guestin ultimately stood out. Nicolas brings solid experience in general management, while Laurent has a strong background in finance, having served as CFO at INEAT Group and more recently at NEOCEM, a startup specializing in low-carbon concrete production.
The transaction was completed on July 19, 2024.
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Sell-side advisors:
- M&A: Septentrion Finance (Guillaume Dubois, Amélie Crépin, Louise Feurprier Dorly)
- Legal: Etude Fontaine Roussel & Associés (Me David Gautier)
Buy-side advisors:
- Legal: Pledge Avocats (Edouard Augris, Idaline Le Granvalet), Scouarnec Avocats
- Financiers (banks): CIC Nord-Ouest (Sonia Dupont), Crédit Agricole Nord de France (Xavier Cadiou, Alexandra Triboi), Caisse d’Epargne Grand Est Europe (Suzy Fort)