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Spie batignolles

Spie batignolles is a leading French player in construction, civil engineering, energy, public works, property development and concessions.

VALUE CREATION

Spie batignolles has shown resilience during the global financial crisis and Equistone has worked in partnership with the management team to develop the business by:

  • Supporting the acquisition of Eurelec, a specialist in electrical installations with sales of €100m. This acquisition enabled Spie batignolles to develop multi-technical maintenance contracts.
  • Enabling Spie batignolles to further its expansion programme with the acquisition of Fontelec, electrical installation providers and Valérian, construction and land development.

THE EXIT

Taking advantage of the company’s strong growth and cash generation, Equistone was able to refinance the business, once in March 2006 and again in October 2007, both of which locked in a strong return for Fund I.

In September 2014, Equistone sold the remaining 20% share of its Fund I investment in Spie batignolles to Ardian. In acquiring the company, Ardian has become the new financial partner to the management team who control the company.

Haltedauer

Sep. 2003 - Sep. 2014

Land

France

Unternehmensgegenstand

Construction & Materials

Umsatzsteigerung

€744m / €2,100m

Mitarbeiter bei Investition

7,000

Transaktionsstruktur

Primary MBO

I would also like to thank Equistone, for their unwavering support for more than 10 years.

Add-on Akquisitionen

Mallet
2009
SPR
2007
Fontelec
2006
Valerian
2006
Eurelec
2005