H2 Equity Partners B.V. agreed to acquire Acal BFi UK Ltd from discoverIE Group plc (LSE:DSCV) for £50 million on November 9, 2021. The consideration is on a on a debt free, cash free basis. Comprising an upfront payment of £45 million, together with £5 million of deferred consideration. For the year ended on March 31, 2021, Acal BFi reported revenue of £148.7 million and gross assets of £60.1 million. The Transaction is subject to certain consultation requirements and regulatory approvals, with completion expected in the current financial year. Sale proceeds will be used to reduce the Group's net debt and to progress the design and manufacturing growth strategy. Jeantet, led by Jean-François Adelle (Partner, Banking Finance), advised the US financing company FGI Worldwide LLC in support of the acquisition of the Acal BFI group by H2 Equity Partners. Alex Edmondson, William Hedges, Malcolm Hitching, Ceinwen Rees of Macfarlanes LLP acted as a legal advisor to H2 Equity Partners B.V. Valéry Denoix de Saint Marc, Virginie Devos, Laure Bonin and Vincent Brenot of August Debouzy acted as legal advisors to H2 Equity Partners B.V. Alexandra Berg-Moussa, Florence Chafiol and Benjamin van Gaver of August Debouzy provided due diligence.

H2 Equity Partners B.V. completed the acquisition of Acal BFi UK Limited from discoverIE Group plc (LSE:DSCV) on March 3, 2022. Certain consultation requirements and regulatory approvals have been received. FGI provided a Approximately £30 Million cross-border, multi-asset, committed credit facility in support of the acquisition and for ongoing working capital needs of the Company. Westbrooke Alternative Asset Management provided the mezzanine credit facility for the transaction. Alvarez & Marsal and Lincoln International served as advisors to the Financing transaction. Phillip McCreanor, Teodora Sabeva and Julian Tunnicliffe of Lincoln International LLP acted as a financial advisor to discoverIE Group plc and Acal BFi UK Limited.