Key Takeaways
- • Ropes & Gray advised Ares Management as the lender in the financing of Charterhouse Capital Partners' acquisition of Batibig, a leading French B2B provider of emergency building repairs, maintenance, and renovation services.
- • Charterhouse, one of Europe's longest-established private equity firms, will partner with Batibig's co-founders and management team to execute a buy-and-build strategy aimed at establishing a pan-European leader in building services across France and internationally.
- • The transaction reflects continued institutional capital deployment in European mid-market services businesses, with Ares Management leveraging its credit platform to support Charterhouse's acquisition strategy.
- • Ropes & Gray's finance team, led by partner Thierry Arachtingi and supported by associate Jessim Djama, structured the financing arrangement for the deal.
Summary
Ropes & Gray has advised Ares Management as the lender in a financing arrangement supporting Charterhouse Capital Partners' acquisition of Batibig, a Paris-based platform specializing in emergency building repairs, maintenance, and renovation services across France. The transaction underscores institutional capital's continued interest in fragmented European mid-market services sectors where consolidation and geographic expansion create value.
Charterhouse Capital Partners, one of Europe's most established private equity operators, intends to leverage its proven buy-and-build execution capabilities to drive Batibig's next phase of growth. The acquisition will be structured in partnership with Batibig's co-founders and existing management team, who will remain instrumental in leading the business. Charterhouse's stated strategic objective is to pursue a disciplined acquisition strategy that expands Batibig's geographic footprint across France and into adjacent European markets, ultimately positioning the platform as a pan-European consolidated leader in building services and emergency repairs.
Ares Management's involvement as the financing provider reflects the alternative asset manager's deepening commitment to the private credit and direct lending space, where it continues to deploy capital across mid-market European transactions. The financing structure demonstrates the continued appetite among institutional lenders for well-managed add-on acquisition strategies within fragmented service sectors where operational leverage and cross-selling opportunities exist.
The transaction was executed by a multi-disciplinary legal team, with Ropes & Gray's finance practice led by partner Thierry Arachtingi and supported by associate Jessim Djama on the lending side. The broader transaction also involved additional legal advisors, with Mayer Brown assisting on transaction structuring and other counsel supporting various parties.
Charterhouse Capital Partners, one of Europe's most established private equity operators, intends to leverage its proven buy-and-build execution capabilities to drive Batibig's next phase of growth. The acquisition will be structured in partnership with Batibig's co-founders and existing management team, who will remain instrumental in leading the business. Charterhouse's stated strategic objective is to pursue a disciplined acquisition strategy that expands Batibig's geographic footprint across France and into adjacent European markets, ultimately positioning the platform as a pan-European consolidated leader in building services and emergency repairs.
Ares Management's involvement as the financing provider reflects the alternative asset manager's deepening commitment to the private credit and direct lending space, where it continues to deploy capital across mid-market European transactions. The financing structure demonstrates the continued appetite among institutional lenders for well-managed add-on acquisition strategies within fragmented service sectors where operational leverage and cross-selling opportunities exist.
The transaction was executed by a multi-disciplinary legal team, with Ropes & Gray's finance practice led by partner Thierry Arachtingi and supported by associate Jessim Djama on the lending side. The broader transaction also involved additional legal advisors, with Mayer Brown assisting on transaction structuring and other counsel supporting various parties.
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