ADVANT Altana advises Loca Service Group on the opening of its capital to a pool of investors

ADVANT Altana advised the industrial group Loca Service on the opening up of its capital to a pool of minority investors, led by the investment fund NCI Capital and including BNP Paribas Développement, BP Nord Développement and Bpifrance, as part of an LBO (leveraged buy-out).

Loca Service, a family-owned SME based in La Bassée, has been a major player in France in the manufacture and rental of custom refrigeration equipment for almost 40 years. The company offers a wide range of refrigeration units and cold storage solutions to meet the specific needs of its customers, particularly in the retail and food sectors.

Taken over in 2016 by Aurélien Bouve, son of the founder, the company combines innovation and performance in a niche market. It has also had a solid CSR policy for several years.

Now backed by recognised investors, the group intends to consolidate its position as French leader and continue its growth by expanding into new sectors and new markets, particularly internationally.

ADVANT Altana advised the majority shareholder of the Loca Service group on this transaction with a team comprising Bruno Nogueiro, Arthur Boutemy and Christina Crenn on the corporate/M&A aspects, Philippe de Saint-Bauzel and Marie Darcq on the tax aspects and Alexandre Véran on the labor law aspects.