Acquisition of CEME Group by Apax Partners, alongside the Company’s management team
FR
Sycomore Corporate Finance acted as exclusive financial advisor to CEME Group and its management team on the transaction
Apax Partners acquires CEME Group, alongside Société Générale Capital Partenaires and BNP Paribas Développement, both long-standing investors who are renewing their commitment with this acquisition. Some 60 partner-managers are investing heavily in this acquisition.
Rationale
With the backing of Apax Partners, Société Générale Capital Partenaires and BNP Paribas Développement, the company aims to:
Founded in 1949 in Moulins (Central France), CEME Group is a national leading company for electrical and HVAC engineering and maintenance. For more than 70 years, the Group has developed projects and services dedicated to energy efficiency and thermal comfort, with a focus on the tertiary sector, industry, local authorities and private individuals. CEME Group employs around 700 people across its network of 22 locations in France. With revenue of close to €125m, 1,600 completed projects in 2021 and more than 800 clients, CEME Group is a leading national and independent energy player.
Apax Partners is a leading European private equity firm based in Paris. With over 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €4.8 billion. These funds invest in fast-growing middle-market companies across four sectors of specialization: Tech & Telecom, Consumer, Healthcare and Services.