Counsel to the founders and majority shareholders, together with Group Turenne, in the new LBO of Neo2

Moncey Avocats advised the founders and majority shareholders, together with Group Turenne, on the new LBO of engineering consultancy Neo2. The founders remain the majority shareholders following this transaction.

Neo2 is involved in the design, development, maintenance and optimization of industrial sites. It advises its customers at every stage of their projects, from preliminary studies through to site dismantling. Neo2 welcomes Capza as a new reference minority shareholder, along with Bpifrance. Turenne Groupe also reinvests to continue the adventure.

With 500 consultants in several regions of France and average growth of over 30% over the last four years, Neo2 expects sales of around €70M in 2023.

This recapitalization will enable Neo2 to accelerate its growth by developing new offerings and increasing its geographical coverage in France and Europe. Neo2 will also pursue its external growth strategy, through targeted acquisitions in geographical areas, service offerings or sectors complementary to its current activities.

The founders and majority shareholders of Neo2 and Group Turenne were advised by Moncey Avocats, with a team comprising:

• Corporate: Guillaume Giuliani and Marie-Victoire James, partners and Alexandre Bankowski, Alix Auclair and Léna Pascal, lawyers
• Tax: Frédéric Bosc, partner and Mathilde Cotillon, lawyer
• Financing: David Malamed, partner, Jonathan Devillard, lawyer