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presented by October France



48 months


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Paris, France



Marketing surveys & consulting

Presentation of the company

Created in 2009, ML&A Conseils is active in the consulting sector. The company, managed by Laham Francois, has 20 employees and is based in Paris 17.

The company’s main activities are:

  • Management consulting around corporate growth and key performance indicators.
  • Consulting related to information system and project management
  • Supply chain optimization for clients

The company works with large accounts in sectors ranging from transportation, energy and supply chain.

The company is certified ISO 9000 by AFNOR, is a member of Consult in France (Syntec Stratégie & Management) and has partnered with other consulting agencies to create GIE Preference consulting to share resources and missions.

Project Description

Three minority shareholders want to sell their stake in MLA Conseils valued 613 000 €, valuation based on standard of the market. Mr Francois Laham, via a dedicated holding, wishes to borrow 384 000 € over 48 months to finance the buyout of those three minority shareholders. The balance will be financed with a bank loan, this project will be realised next month. One of the seller will remain in the company as senior advisor and business provider for at least a year after the buyout to smooth the transition.

The amount offered on the platform is limited to 188 160€, which is in line with the regulatory limits.

Like all projects presented to individual lenders on Lendix, it is co-financed with institutional investors, sophisticated investors, and Lendix management, subscribers to the Lendix Fund.

Analyst’s Opinion

The borrower is a holding company (SAS FLH) dedicated for the acquisition whose revenues are derived from services invoiced to its subsidiaries. The financial analysis was carried out on the financials of the target company.

With a turnover of 2 365 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.

After some investments and recruitments in 2015, profitability was back to historical levels of the company. The forecast is based on the performance of 2017

The borrower has a solid repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,36 and an excellent financial structure with a positive cash balance.

The analysis of the project leads to a credit rating of B+ and a 4,95% annual interest rate.

*The multiple of FCCR at 1,36 means that the company has a safety margin of 36% relative to its ability to repay its credit maturities.

The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (Scores & Decisions, Corporate Banking File). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.

Strong points:

  • Good historical performance based on diversified client base of large key accounts in different sectors.
  • Solid repayment ability with a forecasted FCCR of 1,36 reinforced by the support of the main shareholder
  • ISO 9001 certified company for its management system and its efforts to continuously improve its processes.

Point of caution:

  • Competitive sector with a need to update offers rapidly to stay competitive and appealing