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22 June 2015

Charles Russell Speechlys advises the sellers on secondary buyout of Rougnon Group

Charles Russell Speechlys has recently acted as legal adviser to the sellers of Rougnon Group in relation to the Group’s secondary buyout by Edmond de Rothschild Investment Partners and BpiFrance, on the basis of a corporate value between 70M and 80M€.

Edmond de Rothschild Investment Partners and BpiFrance acquire a minority stake in the Group, alongside the Rougnon family and its principal managers, allowing the exit of Fondations Capital LBO Partners funds.

The Rougnon Group, created in 1920 and composed of 11 operating companies, is managed by François Rougnon and has positioned itself as a key independent company for multi-technical services in the Paris’ region (Ile-de-France). In the last few years the Group has increased its portfolio and now proposes full services in the fields of air conditioning, heating, plumbing, covering and electricity.

Since the entry in its capital by Fondations Capital LBO Partners in 2010, the Rougnon Group has experienced rapid external and internal growth, increasing its annual turnover from 51 to 100 million euros. In 2013 and 2014 the Group successively acquired the Fouassin Company, Boucheron, Bédier and Albasini.

The Rougnon Group aims to further strengthen its position as the multi-technical independent leader in Ile-de France by finalising the integration of the companies recently acquired, consolidating maintenance services portfolio and acquiring new supplementary deals.