BPI France at al. buy minority stake in Sweetcom

The deal sees the investors acquire an undisclosed minority stake in the business. Financial details remain undisclosed.

Following the transaction, the company will use the fresh capital to increase its headcount with the hire of 100 employees within 12 months.

Company
Established in 2002 and headquartered in Laprade, near Angoulême, Sweetcom provides energy-saving services, including ventilation systems, efficient heating and durable insulation.

According to a statement, the business projects a €42m turnover in 2017.

People
BPI France – Jérôme Langlade (deputy investment director); Sylvain Ortega (analyst).
Aquiti Gestion – Pascal Rabault (deputy managing director).
Sweetcom – Raphael Mignon (founder, chairperson).

Advisers
Equity – Egice (legal); Deloitte (financial due diligence); Lexan (IT due diligence).
Company – Porte Neuve Avocats (legal, tax).

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• Topics
• Expansion
• Consumer
• France
• France
• BPI France