Parquest sells Fauché to its management team, supported by EMZ Partners
Fauché’s management, supported by EMZ Partners, has just completed the acquisition from Parquest Capital of Groupe Fauché, the leading independent electrical engineering specialist in France. On this occasion, management acquires the control of the company.
Fauché’s management, supported by EMZ Partners, has just completed the acquisition from Parquest Capital of Groupe Fauché, the leading independent electrical engineering specialist in France. On this occasion, management acquires the control of the company.
Multicroissance, GSO Capital and NMP Développement, financial partners of the group since 2011, are also reinvesting in the transaction.
This transaction represents a new milestone in the development of Fauché, which has grown significantly since 2017. Revenues of the group which amounted to €175 million in 2017 should exceed €280 million in 2021 thanks to a well-managed development strategy, both through organic growth and targeted acquisitions. Fauché’s business model has proven particularly resilient in 2020, the group maintaining its growth path.
Patrick Zmirou, CEO of Fauché :
“With all the managers of the Group and with Philippe Touyarot, Chairman of the Supervisory Board, we are delighted with the arrival of EMZ Partners by our side. This long-term partner will allow us to pursue the development of the group with confidence, through our dynamic strategy of organic and external growth. This transaction is also a decisive moment in the group’s history since it allows the managers, who heavily invested in the transaction, to gain control of the group and to reaffirm its independence”.
Thierry Raiff, EMZ Partners added:
“We are pleased to commit ourselves alongside Fauché’s management and to provide the group with the financial means to ensure its development. We have great confidence in Patrick Zmirou and his team and fully support their ambition to strengthen Fauché’s leadership in France”.
Denis Le Chevallier, Parquest Capital said:
“We are pleased with the successful entrepreneurial story we shared with Fauché’s management team as well as with the new now opening in the independent development of Fauché”.
The bank financing for the transaction was underwritten by Crédit Agricole, LCL, BPO and CIC.
