Financière de Courcelles advised ACS shareholders in the context of primary LBO with GENEO Capital Entrepreneur
P
Paris (France), 26 January 2024,
Financière de Courcelles advised ACS shareholders in the context of primary LBO with GENEO Capital Entrepreneur. This operation will enable a new growth phase for this insurance broker specialized in international mobility and health of travelers and expatriates.
GENEO’s investment in the company will accelerate recruitment of key managers, the digitalization, and the external growth in France and abroad.
Founded in 1979 by Didier Da Rin, ACS is the trusted companion of travelers and expatriates worldwide, whatever the nature and duration of their stay abroad, by offering a wide range of international health insurance and assistance solutions. A major player in the French travel and expatriate health insurance industry, ACS also assists the diplomatic corps with all their insurance issues, as well as impatriates, with an insurance policy dedicated to repatriation assistance.
ACS has positioned itself as a specialist with expertise across the entire value chain, from product design and distribution to claims management and compensation. The company distributes its insurance products directly or through its network of 400 partner brokers and business providers, for its clients based in 190 countries in the world.
Edouard Da Rin, ACS Managing Director : « We are extremely enthusiastic about embarking on this new stage in ACS's development with GENEO, and we are convinced that GENEO, as an "evergreen" investment company, with its experience in the SME sector, particularly family-owned, will be the ideal partner to help us realize our many projects aimed at achieving growth that reconciles meaning and performance, thanks to its operational support and flexible approach. It was important for ACS to find a partner that would go beyond mere financial ties, who would be able to fully understand our needs and share our values. The whole ACS team welcomes GENEO! »
Marc Dupuy, Managing Partner of GENEO Capital Entrepreneur : « We're both delighted to have been chosen by Didier and Edouard Da Rin, and excited to support a family-run, market-leading SME in this new stage of its development. As a key player in its field for over 45 years, we are fully mobilized to meet ACS's growth challenges, particularly in terms of structuring its governance and management structure, and the implementation of an extremely clear external growth strategy. We are also delighted to welcome ACS to our Community of Long-Term Builders. »
Christophe Brière and Michael Petit, Managing Partner and Managing Director of Financière de Courcelles : « This LBO represents a key step in ACS's development, and should enable the company to continue the strong growth seen over the past 15 years. The project aroused a great deal of interest, and management had a choice between several very well-constructed projects. GENEO's teams made the difference, and we're delighted with this long-term partnership.»
Financière de Courcelles FIG team is delighted to have supported ACS shareholders in this primary LBO operation and confirms is strong dynamic in the financial services sector.
STAKEHOLDERS IN THE OPERATION
ACS side :
- Company : ACS (Didier Da Rin, Edouard Da Rin)
- M&A advisor : Financière de Courcelles (Christophe Brière, Michael Petit, Charles Delbarre, Yanis Alaoui)
- Legal advisor : Valther Avocats (Idris Hebbat, Thibault Germain, Patrick Hannan)
- Financial Due Diligence : Oderis (Julien Passerat, Antoine Chanut)
GENEO side :
- Investor : Geneo Capital Entrepreneur (Marc Dupuy, Antoine Riley)
- M&A advisor : Newco (Alexandre Gebelin, Manuel Le Guen)
- Legal advisor : SVZ (Pierre-Emmanuel Chevalier, Natacha Baratier, Enora Floury)
- Financial Due Diligence: 8 Advisory (Emmanuel Riou, Arthur Croiset)
Financing :
- Caisse d’Epargne Ile-de-France (Cédric Alin, Paul Morigny, Steven Neveu)
- Société Générale (Delphine Kaptan, Hakim Kadi, Arno Pingray)
- BNP Paribas (Benoît Monteil, Amine Achour, Delphine Louvet)
FDC has advised the founders of Biogy in the context of Evergaz's majority stake acquisition in the company
Paris (France), 22nd of January 2023,
Financière de Courcelles advised the founders of Biogy in the context of Evergaz's majority stake acquisition in the company.
Launched in 2019 and co-founded by Antoine Deffontaines, Louis-André Rohart, and Stéphane Vermersch, agricultural landowners, Biogy specializes in valorizing agricultural and agri-food co-products from the region, with an annual processing capacity of 29,200 tons. The methanation unit, located in Etrun in Pas-de-Calais (62), has a biomethane injection capacity of 400 Nm3/h, equivalent to the annual gas consumption of nearly 3,700 households.
The co-founders remain shareholders and will continue, in the long term, to supply the site with agricultural co-products from their farms and in return receive digestate, a natural fertilizer.
With 15 years of experience in the methanation sector in France, Germany, and Belgium, Evergaz Group owns and operates 28 methanation units representing an annual production capacity of 1.2 TWh PCS in biomethane equivalent, or an installed capacity equivalent of 51.3 MWe.
This acquisition allows Evergaz to establish itself for the first time in Hauts-de-France, thus strengthening its territorial network.
Antoine DEFFONTAINES, Louis-André ROHART, and Stéphane VERMESCH - co-founders of Biogy, state: "We are delighted with this operation with Evergaz. As a recognized player in biogas and through the values it embodies, we are convinced that Evergaz was the best possible choice to continue the development of Biogy."
Frédéric FLIPO, Deputy CEO – co-founder of Evergaz, states: "We are very pleased with this partnership that allows us to confirm our ambition to make Evergaz a European leader in methanation. Biogy perfectly illustrates Evergaz's DNA: meeting the economic, environmental, and social challenges of territories by creating lasting alliances with local players. I would like to thank the co-founders of Biogy for the trust they have shown us by staying alongside us. This majority stake acquisition also marks Evergaz's dual development strategy, combining the acquisition of operational sites and the construction of new sites (two currently in Mayenne and Saône-et-Loire). The Group's ambition is to continue the development of Biogy as well as its waste treatment offering for the agri-food industry and also local communities, with the entry into force on 1st January 2024 of the obligation to sort biowaste at the source by households."
The Financière de Courcelles team is delighted to have supported the founders of Biogy in this sale, thus confirming its strong momentum in the renewables energy sector.
FDC advised Quantum Capital Partners on the sale of Secan to Tikehau Capital
Paris (France), November 30, 2023,
Based in Gennevilliers (Paris region) and employing over 150 people, Secan stands as one of the market leaders in the conception and manufacturing of tailor-made thermal management solutions.
Secan excels across all the key stages of its products’ life cycle. Its expertise has been recognized for more than 50 years in the aeronautical and land-based industries for both civil and military applications.
The company, which has been backed since 2016 by Quantum Capital Partners, is now entering a new development phase through its acquisition by Tikehau Capital. Secan will benefit from the expertise of its new shareholder in the market, in a context of increasing production rates.
This transaction is an example of FDC's in-depth knowledge of the aerospace and defense sector, as well as its ability to support investment funds in their divestments.
ABOUT QUANTUM CAPITAL PARTNERS
Quantum Capital Partners is an international investment company based in Munich. It focuses on companies with strong growth potential. Founded in 2008, Quantum brings value beyond capital through decades of operational experience in a broad range of sectors, including aerospace with the Aviagroup platform.
ABOUT FINANCIERE DE COURCELLES (FDC)
Founded in 1928, Financière de Courcelles is a long-established, independent player in mergers and acquisitions advisory services. With a team of more than 30 professionals, FDC advises managers and shareholders of SMEs and mid-sized companies on all aspects of their transactions (sales, acquisitions, fundraising and financing advisory services) in France and abroad. As a founding member of the Global M&A Partners network (more than 400 M&A professionals in 35 countries), FDC has a strong capacity to support its clients internationally. A global player in M&A with a strong sectoral approach, FDC is particularly recognised for its long-standing presence in the regions, which will be strengthened by new partnerships signed in 2021.
Financière de Courcelles and Exco Finance & Transactions advised the shareholders of Microrectif-Micromec in the context of their sale to Tikehau Capital
Paris (France), November 17, 2023,
Microrectif-Micromec is a French leader in high-precision machining and grinding, specializing in custom work and small series production of critical and complex parts for major first-tier clients. The Group is involved in the entire industrial process: machining, grinding, and metrology.
Following the acquisition of Visco in July 2022—a recognized player in the high-precision mechanical machining of hard or exotic metals for advanced industries—this new acquisition aligns perfectly with the alternative asset manager Tikehau Capital's strategy to support and strengthen its position as a key partner in major French industrial sectors.
With the support of Microrectif-Micromec, the new Visco-Microrectif-Micromec entity will be able to offer comprehensive services from machining to grinding within short and controlled timeframes. Expertise in the manufacturing of complex sub-assemblies in small and medium series, combined with unique capabilities, especially in metrology (using the Zeiss Xenos three-dimensional machine, one of the most precise in the world), will meet the requirements of strategic industries, including defense, aerospace, space, energy, and healthcare.
The team at Financière de Courcelles / Exco Finance & Transactions is delighted to have assisted Microrectif-Micromec in this transaction, confirming its strong momentum in the industry and aerospace sectors.
ABOUT FINANCIERE DE COURCELLES (FDC)
Founded in 1928, Financière de Courcelles is a historical and independent player in mergers and acquisitions advisory. With a team of 30 professionals, FDC advises executives and shareholders of SMEs and mid-cap companies in France and internationally on their operations (sale, acquisition, fundraising, and financing advice). As a founding member of the Global M&A Partners network (over 400 M&A professionals in 35 countries), FDC has a strong capacity to support its clients internationally. As a global M&A actor with a strong sectoral approach, FDC is particularly recognized for its historical presence in regions, reinforced by new partnerships established in 2021.
ABOUT THE EXCO & EXCO FINANCE ET TRANSACTIONS NETWORK
With a turnover of 200 million euros and a presence throughout France and internationally, the Exco Network is in the top 10 multidisciplinary networks in France. Created in 2002 and chaired by Bruno Geeraert, this audit, accounting, and consulting network relies on 25 regional structures, totaling more than 3000 collaborators operating in the 140 Exco offices present in 17 countries. With its local presence, Exco supports its clients throughout the life cycle of their companies. A member of Kreston International, a global network present in 100 countries, Exco is also directly represented abroad through its offices in Poland, Portugal, Morocco, and Africa. www.exco.fr Created in 2021, Exco Finance et Transactions handles activities related to sale, acquisition, financing, and transmission. For more information, visit www.exco.fr.
OPERATION PARTICIPANTS On the seller's side:
- Company: Microrectif-Micromec (Gérald Chatain)
- M&A Advisory: Financière de Courcelles and Exco Finance & Transactions (Jacques Schwab, Philippe Dore, Julien Page, Nikita Picard)
- Legal Advisory: Ydès (Marcello Mazzilli, Valérie Ciancia, Benoit Colson)
- Financial Advisory: Exco Loire (Fabrice Rabérin, Julien Mandon) and BM&A (Guilhem de Montmarin, Emilien Poquet, Adrien Pichot); On the buyer's side:
- Tikehau Capital (Marwan Lahoud, Cyril Moulin, Marie-Laurence Perrier, Jules Chevallier, Pierre de la Morinerie)
- Visco (Fabrice Doizon, Pierre-Emmanuel Gires)
- M&A Advisory: Alantra (Florian Touchard, Louise Bernard, Chloé Louis)
- Debt Advisory: Alantra (Pierre-Louis Nahon, Simon Berta)
- Legal Advisory: Franklin (Lionel Lesur, Laura-Isabelle Danet)
- Financial Advisory: EY (Gratien de Pontville, François Estin)
- Tax Advisory: EY (Lionel Benant, Benjamin Bardet, Valentin Deschamps)
- Strategy Advisory: Alba & Co (Isabelle Carrère)
- ESG Advisory: ADIT (Amélie Steiner, Edouard Pipet, Kajsa Guyomard)
- Environmental Advisory: ERM (Maryelle Ouvrard)
FDC is advising JAKALA in the acquisition of Madagence
Paris, September 7, 2023,
JAKALA, A, leading data driven consulting firm supported by Ardian Buyout, has acquired a majority stake in Madagence, a fast-growing player dedicated to implementing e-commerce platforms, and one of France's leading independent experts on Salesforce Commerce Cloud.
Founded in 2012, Madagence positions itself as the “e-commerce experience architect”, and specializes in implementing and operating Salesforce Commerce Cloud, Vtex and open-source solutions.
Madagence employs 70 consultants in Paris, Lyon, and Lille. Madagence has developed an innovative delivery model and specific ways of working to provide clients and employees with a unique, high added value experience based on collaboration, agility, and transparency.
JAKALA, leader in data-driven consulting, leads the transformation of its customers by combining data, technology and multidisciplinary skills, and strengthens through such investment its presence in France and its e-commerce practice.
Guillaume Cardon, President of JAKALA France:
“Madagence Partners have demonstrated their ability to establish themselves as a leading player in France on SFCC in particular and have implemented a unique collaborative operating model with their customers. We are extremely pleased to have the opportunity to work with Mathieu, Anthony, Jérôme, Adrien and their teams to reinforce the strategic value of their customer relationships.”
Guillaume Piette, Managing Partner of Financière de Courcelles, concludes:
“We are delighted to support the JAKALA team in their development in France. This transaction reflects the expertise of Financière de Courcelles in assisting companies in entering new markets and our growing experience in the consulting & IT services industry.”
About JAKALA
JAKALA is an integrated ecosystem of diverse talents and innovative business solutions that come together to create value for organizations, individuals, and society. Since its establishment by Matteo de Brabant in 2000, the company has grown into a multifaceted, highly skilled, and international team. In 2021, Ardian acquired a majority stake in JAKALA. Today, JAKALA is the leading data driven consulting and MarTech company in Europe, headquartered in Milan with offices in thirteen countries worldwide. The approach is primarily data-driven approach, and supported by a winning formula of strategy, innovation, technological transformation, engagement, and activation.
About Financière de Courcelles (FDC)
La Financière de Courcelles is an independent investment bank specialized in merger and acquisition advisory services. As a founding member of the Global M&A Partners network (comprising over 450 M&A professionals across more than 35 countries), FDC has a strong capacity to provide international support. FDC advises companies on mid-cap transactions across various sectors of the economy, thanks to its dedicated teams of specialists.
FDC is advising Jakala in the acquisition of SoyHuCe
Paris, on October 23, 2023
Jakala, a Martech leader supported by Ardian Buyout, has acquired a majority stake in SoyHuCe, a leading expert in leveraging data through proprietary AI algorithms allowing CMOs and executives to take smart decisions swiftly, automate repetitive tasks and free up for creative thinking.
Founded in 2013, SoyHuCe specializes in AI-powered management solutions. Today, this expertise enables the company to support a broad portfolio of customers, across the retail, utilities, public sector, travel and entertainment, and financial services industries.
SoyHuCe employs 50 experts in Paris and Caen, and combines expertise in data, algorithmic (data science, ML, IA) and app / web design to provide turnkey, data driven solutions to CMOs and executives.
JAKALA, leader in data-driven consulting, pilots the transformation of its customers by combining data, technology and multidisciplinary skills, strengthens its presence in France and its AI expertise by finalizing the acquisition of a majority stake in SoyHuCe.
Guillaume Cardon, General Manager of Jakala France, states, "Nicolas Guy, the founder and CEO SoyHuCe has demonstrated an impressive ability to think, design and build highly innovative solution, leveraging data and proprietary algorithm to support executives in taking strategic decisions. Nicolas is furthermore an inspiring leader, and we are extremely pleased to welcome him and his team in the JAKALA group. We believe that their unique expertise will unlock meaningful value enablers for our clients’ base. We are extremely excited to start imagining and implementing new use cases and unleash the power of AI and data for our partners. "
Guillaume Piette, Managing Partner of Financière de Courcelles, concludes: « We are delighted to support once again the Jakala team in their development in France. This transaction reflects the expertise of Financière de Courcelles in assisting companies in entering new markets and our growing experience in the IT services sector and an emerging focus on AI. »
Press contact: HDemirdjian@FDC-International.com
About Financière de Courcelles (FDC)
La Financière de Courcelles is an independent investment bank specialized in merger and acquisition advisory services. As a founding member of the Global M&A Partners network (comprising over 450 M&A professionals across more than 35 countries), FDC has a strong capacity to provide international support. FDC advises companies on mid-cap transactions across various sectors of the economy, thanks to its dedicated teams of specialists.
About Jakala
Jakala is an integrated ecosystem of diverse talents and innovative business solutions that come together to create value for organizations, individuals, and society. Since its establishment by Matteo de Brabant in 2000, the company has grown into a multifaceted, highly skilled, and international team. In 2021, Ardian acquired a majority stake in Jakala. Today, Jakala is the leading Martech company in Europe, headquartered in Milan with offices in thirteen countries worldwide. Their data-driven approach, supported by a winning formula of strategy, innovation, technological transformation, engagement, and activation, is the cornerstone of their work.
FDC advises the shareholders of Automobile Magazine in the course of the sale to Webedia Group
Paris, June 5, 2023,
Webedia, a leading media company, has announced its acquisition of L'Automobile Magazine, a prominent automotive print publication and the leading digital advertising agency for the French automotive industry.
Founded in 1946, L'Automobile Magazine is the oldest monthly automotive magazine in France and the only independent automotive brand in the country. In 2018, the magazine was taken over by its management team and a financial partner, initiating its digital transformation with the acquisition of NewCom, an advertising agency, under the leadership of a digital-native management team.
Following a successful turnaround of its traditional business, the company transformed its business model by merging its advertising agency NewCom with its publishing activities, creating the leading Trading Desk in the automotive market.
Webedia aims to consolidate its position as a leader in the entertainment industry through three development strategies: geography, theme, and volume. The acquisition of L'Automobile Magazine allows Webedia to enter the automotive vertical which displays strong interest due to (i) the size and advertising needs of the automotive market, (ii) market specificities which allow the rapid establishment of a leadership, (iii) potential synergies with other products and offerings of Webedia, and (iv) international expansion opportunities.
Nicolas Le Gall, CEO of L'Automobile Magazine, stated, "The integration of L'Automobile Magazine into the Webedia Group is a unique opportunity to continue developing our digital presence and benefit from Webedia's adtech platform. We will expand our audiences, increase our reach, and enhance our offerings by leveraging Webedia's expertise, particularly in social media, influencers, video, and content-to-commerce."
Guillaume Piette, Managing Partner at Financière de Courcelles, adds:
« We are delighted to have advised Nicolas Le Gall and his team in the course of this new stage of Automobile Magazine’s corporate history. This transaction showcases Financière de Courcelles’ know-how in managing deals with strategic partners and the unique value added of our advice, notably with former executives who members of our Club, notably Didier Quillot, a well-known executive in the Media sector. This new deal strengthens further our expertise in the digital and Media sectors. »
Press: HDemirdjian@FDC-International.com
About Financière de Courcelles
Financière de Courcelles (FDC) is an independent investment bank specializing in mergers and acquisitions advisory services. As a founding member of the Global M&A Partners network (comprising over 450 M&A professionals in more than 35 countries), FDC has a strong capacity to advise international transactions. FDC advises companies in mid-cap operations across all sectors of the economy through its dedicated teams of sector experts.
About Automobile Magazine
L'Automobile Magazine is the only independent automotive media brand in France, established since 1946. It produces premium content with passion and expertise and distributes 600,000 magazines per year, reaching 10 million readers. The brand also operates a website with over 30 million unique visitors (UV) and generates 165 million page views per year. With its historical publishing activities, L'Automobile Magazine successfully underwent digital transformation in just 18 months, turning a traditional press player into a profitable premium digital brand over the past two years.
About Webedia
Webedia is a media-tech company and one of the major global players in online entertainment. With 15 years of expertise in digital audience knowledge and media publishing (with 250 million unique visitors per month across websites such as AlloCiné, Xataka, Adorocinema, Sensacine, Filmstarts, GameStar, JV, MGG, Tudo Gostoso, 750g, Directo al Paladar, Minha Vida, etc.), the group brings together creators, producers, broadcasters, and brands to develop a unique content production and distribution process across all platforms. Operating in more than 15 countries, Webedia structures its activities around complementary divisions: content distribution, media networks, creator management, and production studios.
TSG acquired JMC SOLAR
FDC continues its support of TSG - the European leader in technical services for responsible mobility solutions - in its development plan by advising the group during the acquisition of JCM SOLAR (France), a specialized actor in the design, installation, and maintenance of photovoltaic power plant projects for professionals
Paris (France), July 6th 2023,
TSG, the European leader in technical services for responsible mobility solutions for public and private energy distribution infrastructures for mobility, is acquiring JCM SOLAR, a company based near Angers, France, specializing in the design, installation, and maintenance of photovoltaic power plant projects for professionals.
JCM SOLAR stands out in the European market with its innovative solutions of lightweight solar panels, offering great adaptability for seamless integration into various applications. In addition, JCM SOLAR ensures continuous maintenance of its installations, thus guaranteeing long-term optimal performance for its clients.
JCM SOLAR relies on a team with strong electrical expertise that will reinforce TSG France's workforce in its advanced transition towards electric mobility.
With the acquisition of JCM SOLAR (announced simultaneously with the acquisition of EEG, based in Johannesburg, South Africa, and also specialized in solar energy), TSG concludes its 20th acquisition in 2 years and consolidates its position in the solar energy market. TSG teams are already engaged in international-scale photovoltaic projects, further enhancing its leadership in responsible mobility in Europe and Africa. The Group now offers a comprehensive range of integrated solutions, combining the installation of solar panels on parking shelters or rooftops with the deployment of stationary batteries and electric charging infrastructure.
“These acquisitions mark a new milestone in TSG’s commitment to developing increasingly comprehensive and energy-efficient technical solutions, thanks to the expertise of its engineers and technicians,” says TSG Chairman and CEO Jean-Marc Bianchi.
«By integrating these two specialized companies, we are strengthening our ability to supply professionals in the field of mobility, whether they are energy suppliers, major distributors, manufacturers or professional fleet operators. We provide them with complete, innovative solutions to support them with turnkey solutions (design, installation and maintenance) in their energy transition towards responsible mobility».
Financière de Courcelles is delighted to have advised on this transaction, which enables TSG to strengthen its foothold in France and reaffirm its strong aspirations in the realm of new energies for mobility.
For the past 3 years, Financière de Courcelles has been supporting TSG in its European external growth development plan through its multi-buy-side offering, and this transaction marks the 8th one advised by FDC.
Press contact : hdemirdjian@fdc-International.com
About Financière de Courcelles (FDC)
Financière de Courcelles is an independent investment bank specializing in mergers and acquisitions advisory. As a founding member of the Global M&A Partners network (comprising over 400 M&A professionals in more than 35 countries), FDC has a strong international support capability. FDC advises companies in Mid-Cap transactions across all sectors of the economy through its dedicated teams of specialists.
About TSG
TSG, the European leader in technical services for responsible mobility, is a key enabler of the energy transition for mobility. With an unequalled presence in 30 countries, TSG designs, builds and maintains all types of energy distribution infrastructures for mobility: electric vehicles charging network, LPG/LNG, hydrogen and also fuel/biofuel service stations.
TSG offers a one-stop-shop (equipment sale, projects and maintenance services, digital payments and systems) for innovative energy and retail solutions. TSG serves all types of clients, in the public and private sectors from local authorities and retail to gas station networks and companies fleet installations.
TSG employs over 5,500 people and its annual revenue reached €940 million at the end of April 2023. TSG’s technicians are uniquely skilled, with recognized expertise in all new mobility energy solutions: electric vehicles, hydrogen, biofuels and natural gas as well as related systems and payment services.
TSG is a privately-held company, owned by its management and the entrepreneurial investment firm HLD.
Sale of VMI to VOLUTION
VMI France's leading developer and manufacturer of Ventilation Mécanique par Insufflation (VMI ®), joins Volution UK leader in ventilation
Paris (France), 21 th April 2023,
Financière de Courcelles advised the shareholders of Ventilairsec, a company founded in 1986 and a leading developer and manufacturer of Ventilation Mécanique par Insufflation (VMI®) systems in France, in its merger with the UK-based listed group Volution.
Ventilairsec is a pioneer and leader in the field of indoor air quality (IAQ), and thanks to its strong development over the last few years, Ventilairsec offers superior performance compared to traditional extraction ventilation systems. With a significant growth in turnover of around €10 million by 2022 and a good profitability, Ventilairsec is an innovative company that offers products with differentiating features of fine particle and pollen filtration, connection to heating systems, humidity and CO2 control, and connectivity.
As IAQ requirements and standards are only at the beginning of their definition and deployment at a European level, Michèle Potard - Ventilairsec's managing shareholder - wished to give the company the means to achieve its ambitions by favouring a sale to a leading UK and European manufacturer.
"This project gives Ventilairsec new perspectives in the residential and commercial ventilation market and prepares it for the international challenges of indoor air quality. Volution is a first class partner, with the industrial and commercial resources to pursue Ventilairsec's strategy. I am confident that the Ventilairsec team will continue to develop the company with this new ownership and management" says Michèle Potard, President of Ventilairsec.
Michèle Potard expressed her desire to accompany this transition and then to pursue personal activities. Michèle Potard led the recruitment of a new qualified Managing Director with Volution to continue the company's development.
With a turnover in excess of £300 million, Volution is the UK's leading ventilation company and has a presence in many EU countries and Australasia. Within Volution Ventilairsec will continue to develop innovative products using VMI technology to improve indoor air quality while benefiting from industrial and commercial synergies.
The Financière de Courcelles team is delighted to have accompanied the shareholders of Ventilairsec in this cross border operation of industrial backing to an international listed group.
TSG continues its development and acquires Werner Stuhr, a company based in Germany and specialized in electrical installations.
FDC, in association with its partner IOM of the GMAP network, continues to support TSG the European leader in technical services for responsible mobility solutions - in its development strategy through the acquisition of Werner Stuhr (Germany), a company specialized in electrical services
Paris (France), December 05th 2022
TSG, the European leader in technical services for responsible mobility solutions, is pleased to announce the acquisition of Werner Stuhr, a company specialized in electrical services based in Lübeck-Krummesse (Northern Germany).
Werner Stuhr is specialized in broadband installation including civil engineering, traditional electrical installations, and e-mobility. They are also involved in the eHighway project in Northern Germany.
Werner Stuhr generates €20m of turnover relying on 130 employees with a solid electrical expertise that will reinforce TSG Germany’s electrical workforce and benefit to its customers.
With this acquisition, TSG is closing its 10th acquisition in electric mobility and accelerates its development in new energy for mobility where electricity is playing a major role. TSG confirms it strong willingness to comfort its leading position on technical services for electric mobility in Europe and accelerates the implementation of its strategy to enable the responsible mobility transition by developing new energy for mobility, quality infrastructures and to offer a one-stop shop for innovative energy and retail solutions.
“TSG is rapidly pursuing it strategic transformation where external growth is playing an accelerator role. Werner Stuhr is nicely complementing both our geographical footprint and our needs for highly skilled technicians in Germany, with the global objective to always better support our customers in their energy transition to responsible mobility. On behalf of the whole TSG Group, I wish a warm welcome to Hans-Joachim Bülk, Werner Stuhr ‘s CEO and to his entire team” – says Jean-Marc Bianchi, Chairman and CEO of TSG.
Both members of the international network Global M&A Partners (GMAP), Financière de Courcelles (France) and IOM (Germany) are proud to have advised TSG on this cross-border transaction, which allows TSG to strengthen its presence in Germany and to affirm its ambitions in new energies for mobility.
Financière de Courcelles is advising TSG in its European development plan of external growth, through its multi-buy-side offer.
Contact press: hdemirdjian@fdc-International.com
About Financière de Courcelles (FDC)
Financière de Courcelles is an independent investment bank specialising in Mergers and Acquisitions. Founding member of the Global M&A Partners network (more than 400 M&A professionals and more than 35 countries covered), FDC has a strong capability to support its clients internationally. FDC advises companies on mid-cap transactions in all sectors of the economy thanks to its dedicated teams of specialists.
About TSG
TSG, the European leader in technical services for responsible mobility solution, is a key enabler of the energy transition for mobility: With unequalled presence in 30 countries, TSG designs, builds and maintains all types of energy distribution infrastructures for mobility: electric vehicles charging network, GPL/LNG, hydrogen and also fuel / biofuel service stations. TSG offers a one-stop-shop (equipment sale, projects and maintenance services, digital payments and systems) for innovative energy and retail solutions. TSG serves all types of clients, in the public and private sectors from local authorities and retail to gas station networks and companies fleet installations. TSG has over 4,500 employees, and revenue over €700m. TSG’s technicians are uniquely skilled, with recognized expertise in all new mobility energy solutions: electric vehicles, hydrogen, biofuels and natural gas as well as related systems and payment services. TSG is a privately-held company, owned by its management and the entrepreneurial investment firm HLD.
FDC advises Schertz Group in the sale of of the Audition Conseil brand and the Luz Audio buying center to the group of hearing centers LMC Audio
Paris (France), October 18th, 2022 – Schertz Group has reached an agreement to sell the Audition Conseil brand and the Luz Audio buying center group to the LMCA group (LMC Audio). LMCA is the largest group of hearing aid practitioners operating under the Audition Conseil banner with 80 centers in the South-East of France.
This transaction is part of a consolidation of the French hearing aid market, which is the largest in Europe with total revenues of more than €2bn in 2021 (with average annual growth of +8% over 10 years). It aims to create a vast network of independent local experts and to offer patients a sustainable alternative to the sector's major international players. This transaction will further strengthen the Audition Conseil network by enabling the centers to combine operational excellence, economic efficiency and decision-making autonomy to serve their patients.
The Schertz Group is a family-owned group that operates in the optical market through its buying center and services, which brings together more than 2,000 independent opticians under the LUZ OPTIQUE banner, and through its own optical stores (37 stores). With the sale of Audition Conseil and Luz Audio, Schertz Group intends to concentrate on developing its optical activities.
"For more than 30 years, the Audition Conseil brand has been able to promote and defend the values of independents. In a market facing major challenges, I have full confidence in the new presidency and in its will to maintain this course, with ambition and responsibility", explains Jérôme Schertz, General Manager of the Schertz Group.
"At a time when major international players are adopting an integrated and vertical approach to the business, this operation will strengthen the position of independents with a powerful network close to its patients that ensures the freedom to practice in accordance with its values and with all manufacturers," concludes Stéphane Bardet, founder and president of LMCA
Financière de Courcelles is pleased to have been able to assist and support Schertz Group in the successful outcome and optimization of this transaction. This transaction also demonstrates the ability of Financière de Courcelles' teams to be a key advisor in the particularly booming market of healthcare brands.
Sell-side Advisors:
FDC (M&A): Henri Mion, Julien Cadiou
Fidal (Legal): Manfred Blot, Christophe Oliveira
iPilote (Finance): Christophe Oswald
Buy-side Advisors:
Jean-David Sultan (M&A)
McDermott Will & Emery (Legal): Herschel Guez, Elodie Pieraggi
Financing : Caisse d’Épargne (CEPAC)
Equance accelerates its development on the French market with the acquisition of Segefi
Paris (France), October 18th, 2022,
Following Calcium Capital’s investment in the Company at the end of May 2022, Equance carried-out its first acquisition with Segefi, a French wealth management company.
In 1997, Yves Coudrin founded Segefi, a wealth management firm based in Strasbourg. Jérôme Jabaud joined the company in 2011 to develop the business in Paris. Segefi now employs 7 people and has a sound reputation in Eastern France and in Paris. The Company is recognized for its expertise in structured and private equity products and has built overtime a portfolio of loyal and VHNI clients composed of families, entrepreneurs as well as small- and medium-sized company’s managers and shareholders.
Founded in 2005 and headquartered in Montpellier (France), Equance is the leading wealth management company for French expatriates. The Company’s distribution network is composed of c. 50 consultants based in Asia, Oceania, North & South America, Europe, Africa, Middle East as well as in France (Paris and Occitania). Equance’s clients live in more than 100 different countries around the world.
With the acquisition of Segefi, Equance fulfils its ambition to strengthen both its territorial coverage in France and its business expertise through external growth.
Yves Coudrin, Founder of Segefi: “We chose Equance over the many players who approached us, because of its people, the common values we share with them and its attractive project for the team. Joining forces with Equance was the obvious and logical choice for Jérôme, the team and myself ! I now look forward to investing my time and energy in this extremely exciting project for the next years to come.”
Jérôme Jabaud, Managing Director of Segefi Capital: “Our partnership with Equance will allow us to become a key player in France. I am very proud to be part to this amazing project and I will use all my skills to make it a true success. We have had a great run with Yves and we are now deeply convinced that the best is yet to come.”
Olivier Grenon-Andrieu, Founder of Equance: “When I first met Yves and Jérôme, I immediately knew that we were meant to work together. We share a common entrepreneurial spirit and both of our teams are well-known for their professionalism and expertise. Besides, Yves and Jérôme have centered their company around a core value that is essential to me: caring. Our business project is very exciting and Segefi’s team will be our main driving force for the development in France. We are very happy and proud that they chose to join Equance.”
Didier Bujon, CEO of Equance and Chairman of Segefi: “This merger operation with Segefi is the first step of our external growth strategy and we intend to respect the DNA of each company. The main objective of this partnership is to strengthen the resources we provide our consultants with (IT, Marketing, regulatory etc.) while preserving the business methods that have contributed to our development so far. With this acquisition, we will be able to provide all of our clients with a more complete offer.”
Financière de Courcelles is delighted to serve Equance in this first major acquisition. This mission reflects Financière de Courcelles' specific Augmented M&A approach which combines (i) strong sector expertise in FIG and (ii) long-term client support to accelerate value creation.
List of advisors:
Buy Side:
- Company: Equance Gestion Privée Internationale (Olivier Grenon-Andrieu, Didier Bujon)
- PE fund: Calcium Capital (Cédric Duchamp, Antoine Gravot, Louis Michel)
- Financial advisor: Financière de Courcelles (Michael Petit, Christophe Brière, Julien Page)
- Legal counsel: Eleom Avocats (Didier Puech)
- Financial due diligence: Exco VFA Audit (Jeanne Gaye, Maimouna Diallo)
- Tax due diligence: Exco VFA Audit (Jacques Tardy)
- Legal due diligence: Exco VFA Audit (Catherine Durrieu, Céline Giroire)
Sell Side:
- Company: Segefi (Yves Coudrin, Jérôme Jabaud)
- Financial advisor: PwC (Antoine Grenier, Adrien d’Alincourt, Quentin Duprez, Juliette Courret)
- Legal counsel: Avenue 52 Avocats (Julien Brech) and Ixis (Xavier Sennes)
- Vendor Due Diligence: Oderis (Aurélien Vion, Eddy Chagué)