Global law firm White & Case LLP has advised the lenders on the financial and capital restructuring of the 5àsec Group, the worldwide leader in textile care services, with Geneva-based private equity firm Rive Private Investment acquiring a stake in the business alongside independent investment fund Capzanine and investment adviser IFE Mezzanine.
The transaction will support 5àsec's strategic shift towards three main priorities – increasing its presence in inner cities, growing in the business-to-business market and continuing the international expansion of its franchise business.
Operating in more than thirty countries with 1,900 stores, 5àsec generates a turnover of more than €300 million and will continue its international expansion, with the goal of establishing the brand in two new countries each year.
The White & Case team in Paris was led by partners Raphaël Richard and Céline Domenget-Morin with support from associates Julien Chameyrat and Stanislas Chenu.
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