Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, announces that the shareholders of Tiama (“the Group” or “the Company”) have reached a sale agreement with Caravelle, a French midmarket private equity investor. Caravelle will purchase 100% of the shares of the Group, pending the customary competition regulatory authorities’ approval.
Last month, after a 18-month negotiation process, Tiama’s lending pool finally reached an agreement to restructure the company’s LBO debt. Julien Rigon, Associate Director at Kartesia, participated in the talks alongside Managing Partner Damien Scaillierez. He tells us what was at stake and talks about negotiating the Kartesian way.