Date

October 1, 2013Array

Sector

Business Services

Deal Type

M&A

Deal Value

N/D

Deal Team

Philippe Doré, Stéphane Poupault

Arjil acted as exclusive financial adviser to Groupe Ascenseurs Méditerranée’s shareholders on its sale to Agta Record.

Groupe Ascenseurs Méditerranée (GAM) operates lift maintenance and modernisation works. GAM is the last significant player in the Marseille region with more than 1400 elevators under maintenance contract in 2012.

GAM was acquired in 2009 by investment fund Connect Capital with Robert Lovighi from the founders Serge Olivari and Xavier Valerio.

Swiss company Agta Record is the world leader in automatic doors.

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