Parquest Capital acquires Fauché Group
Parquest Capital has acquired Fauché together with its management team
Parquest Capital, together with the management team, has just completed the acquisition of Fauché from Naxicap Partners, Multicroissance, Grand Sud-Ouest Capital (GSO Capital) and Nord Midi-Pyrénées Développement (NMP).
With 1.081 employees and a network of 30 service centers, Fauché is a leading independent French player of high and low voltage electrical engineering.
Located in Lafrançaise (82), Fauché is mainly present in France. The Group is active across the full electrical engineering’s value chain: manufacturing, distribution, installation and maintenance. Led by Patrick Zmirou and Philippe Touyarot, Fauché Group achieved revenues of € 159 million in 2016.
Patrick Zmirou, CEO of Fauché, said:
“We are pleased to welcome Parquest Capital as our new reference shareholder. Together, we will rely on the renowned technical expertise of the Group and continue our development strategy through the consolidation of our presence in high value-added services like maintenance and low voltage electrical engineering, and through the expansion of our geographical coverage through organic and external growth. We thank Naxicap Partners for having accompanied the transition in the shareholder and managerial structure of Fauché from a family group.”
Denis Le Chevallier, Parquest Capital added:
“We are happy to back Fauché’s development strategy with renewed financial means.” Jacques Spicq (Naxicap Partners) stated: “We are proud of the entrepreneurial experience we shared with the management, and we are happy with the new chapter that is opening in Fauché’s history.”