Founded in 1983, Evernex has built a broad global network over time covering 160 countries through 330 stocking locations and over 400 employees, of which 200 specialized engineers. This footprint enables the Company to support and maintain its customers’ locations 24/7, leveraging over 750,000 available spare parts from its inventory.
Evernex’s rapid growth can be explained by dynamic organic performance, enabled by the expansion of its operations into new geographies, as well as by a selective external growth strategy, with the aim of securing the Company’s leadership in its core markets and enhancing its service range. Evernex is indeed involved in a fragmented competitive landscape, which offers enticing consolidation opportunities, from which the company wishes to benefit as it did in 2016 with the acquisition of Nexeya. The Group intends to further capitalize on these opportunities to densify its network and continue supporting its customer base in their evolving IT hardware needs.
Carlyle acquired a majority stake in Evernex in 2015 (named CapVert Finance at the time) and the Company has now chosen Ardian Private Debt as financing partner, thanks to its tailor-made Unitranche financing, which combines flexibility and rapidity of execution.
“The acquisitive ambition of Evernex made the Unitranche choice an obvious one to unlock further opportunities and contribute to the continued growth of the business.” commented Jean-David Ponsin, Director in the Private Debt team of Ardian. Charles Villet, Associate Director at Carlyle Europe Technology Partners, added: “Ardian’s ability to deliver terms perfectly in line with the Company’s needs was key in this partnership. Ardian demonstrated a strong level of creativity and has set up a financing package particularly well suited to the story we wish to continue writing with Evernex.”
“We are delighted and excited to carry out this transaction alongside Carlyle Europe Technology Partners, to support a Company with such an impressive growth track record and quality management team.” said Olivier Berment, Co-Head of Ardian Private Debt and Managing Director. “Evernex’s preference for a Unitranche solution demonstrates the strength of this type of financing, especially in the context of fast-growing companies, by providing them with the flexibility and reactivity they need to unlock their full development potential.”
“With this Unitranche financing, our intention is to accelerate even further the execution of our original investment thesis and establish Evernex as the uncontested global leader in its market.” concluded Vladimir Lasocki, Managing Director at Carlyle Europe Technology Partners. “We are convinced that Ardian will prove to be a strong growth partner for Evernex in the long run, and will have the capacity to further finance the Group’s needs for its development.”
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ABOUT THE CARLYLE GROUP
Carlyle Europe Technology Partners (CETP) is a pan-European growth & small-cap buyout fund predominantly investing in technology, media and telecoms companies. CETP seeks to partner with entrepreneurs and management teams and invest in businesses with substantial potential for growth which typically have enterprise values between €25m and €250m.
LIST OF PARTIES INVOLVED
Carlyle Europe Technology Partners: Vladimir Lasocki, Charles Villet.
Ardian Private Debt: Olivier Berment, Jean-David Ponsin, Clément Chidiac.
Financing Legal Advisor (Ardian): K&L Gates – Mounir Letayf, assisted by Adeline Roboam and Patrick Gerard-Boucher.
Tel: +44 207 3675 240