Roll up - Scaffolding Industry - Europe

Hi everyone, I wanted to share with you an opportunity to join an ambitious roll-up in the construction/industrial services space in Europe, focused on scaffolding rental and installation. They are currently raising capital to acquire additional equipment. I believe it could fit well with any FO or individuals who'd like to participate in a roll-up opportunity as well as receiving a good IRR. Management has built a scaffolding rental and installation platform in France - €13M in annualized revenue and ~€2M in EBITDA - Five acquisitions completed over the past two years, targeting €100M in revenue by 2030 - Currently raising €3–4M through bonds to finance new scaffolding equipment, improving operational efficiency and margins — banks will finance a portion of the purchase but the amount is not yet determined. - Investment includes a right of first offer on future financings, or could be set up as convertible note depending on the size of the investment. Proposed terms for the bond tranche (subject to discussion): - Maturity: 36 months + 12-month extension - Interest Rate: 10% paid semi-annually - Guarantee: Fully secured by the acquired asset - Kicker: Right of first offer / convertible note on future fundraising at the group and/or subsidiary level, in equity and/or debt Happy to make an intro over email with management to get more information. Thibaut