Counsel to Apax Partners in its acquisition of a majority stake in CEME Group

 

Moncey Avocats assisted Apax Partners in its acquisition of a majority stake in CEME Group, alongside Société Générale Capital Partenaires and BNP Paribas Développement, both long-standing investors who are renewing their commitment with this acquisition.

Founded in 1949 in Moulins (Central France), CEME Group is a proven leader in electrical and HVAC engineering and maintenance, with operations focused on energy optimisation processes for industrial, tertiary and residential buildings, mainly for private clients.

CEME Group has 700 employees across a network of 22 agencies and branches in France. With revenue of €125M, 1,600 projects completed in 2021 and more than 800 clients, the Group is a leading national and independent energy player.

With the backing of Apax Partners, Société Générale Capital Partenaires and BNP Paribas Développement, the company aims to continue its organic growth and step up its acquisitions strategy to support its regional development and complementary expertise (maintenance, automation, data wiring, energy efficiency and renewable energies).

Completion of the transaction remains subject to approval by the competition authorities.

Apax Partners was advised by a team from Moncey Avocats composed of:

• Guillaume Giuliani and Marie-Victoire James, parters, Eléonore Hennekinne, Alix Auclair and Bonnie Brenier, associates, in corporate
• David Malamed, partner, Jonathan Devillard and David Maréchal, associates, in financing
• Frédéric Bosc, partner, Mathilde Cotillon, associate, in tax 
• Anastasia Fleury, counsel in employment law for the due diligence process