Alantra advises Feu Vert on a €193mn refinancing to consolidate its financial structure

Dec 2024

Debt advisory

Value €193mn

Paris – Alantra has acted as financial advisor to Feu Vert, a leading after-sales and car maintenance company, majority-owned by Alpha Private Equity, on a refinancing operation amounting to €193mn coordinated by BNP Paribas, Groupe BPCE (BP Aura, CERA, Bred, Promepar) and Pricoa Private Capital.

The financing will allow Feu Vert to optimize its debt structure and cost. These new terms reflect the confidence of financial partners in Feu Vert’s strength and growth prospects. Aligned with Feu Vert’s ESG commitments, the refinancing incorporates ESG criteria that adjust the financing margin up or down based on the achievement of objectives.

With 50 years of experience in automotive maintenance and equipment, Feu Vert today employs around 6,200 staff across Europe, serving the needs of its 10 million customers. The group’s mission is to facilitate and advocate for the mobility of all drivers by offering expert, accessible, and fast services, maintenance, repair, and equipment solutions.

In recent years, the brand has accelerated its digital development, B2B activities, and new mobility solutions. With over 450 auto centers across Europe (France, Portugal, and Spain), the group continues its expansion, particularly through franchise and master franchise models. Feu Vert achieved nearly €900mn in branded sales in 2023.

Pierre-Louis Nahon, Partner at Alantra, added: “Feu Vert’s strong performance since the previous refinancing has enabled us to capitalize on favorable conditions in European financing markets, particularly regarding pricing and flexibility. The result was driven by our team’s deep expertise and dedication, which significantly improved the client’s financing terms and conditions.”

This transaction reinforces Alantra’s long-standing relationship with Feu Vert, having already advised Feu Vert on a €185mn refinancing deal announced in January 2023.