Private equity firm Gimv has acquired a majority stake in Acceo, a French provider of inspection and certification services for buildings.
The amount of the deal was not disclosed.
Gimv invested in the company next to founder/CEO Stéphane Doré and management taking a c. 60% stake by acquiring shares previously owned by Ekkio Capital (40%) and by providing partial liquidity to the founder and management.
Founded in 2003, Acceo provides elevator inspection and monitoring services, regulated accessibility audits and energy efficiency audits. The group also has a center of excellence for vertical transportation providing advice for elevator design in new and existing buildings. Its clients are property owners in the commercial or administrative sector (e.g. Unibail Rodamco, BNP, Allianz, EDF, Casino), municipalities or regional authorities, schools and universities, hospitals, social sector organizations, as well as property managers (e.g. Foncia, Citya, Nexity, Square Habitat). Headquartered in Gémenos near Marseille, Acceo operates a commercial network of 17 independently-managed agencies in France, Belgium and Spain. It had revenues of €18.4m in 2015. The plan is now to double the size over five years by (i) strengthening its position in France, (ii) further geographical expansion, initially in Belgium and Spain, and (iii) expanding into adjacent services.
FinSMEs
05/10/2016