
Amundi acquires minority stake in Greenoffice
Amundi Private Equity Funds and Entrepreneur Venture have jointly acquired a minority stake in French recycling service Greenoffice.
The fresh capital will be used to support the company's international expansion, particularly in the US.
The company claims to have sorting quality close to 100%, which allows businesses to cut waste management costs by 25%.
Company
Founded in 2004 and headquartered in Paris, Greenoffice provides recycling sorting services to offices and restaurants. The company has 3,500 clients in 10 countries, around 500 of which are in the food and catering industry. It generated group turnover of €10m for 2016.
People
Amundi Private Equity Funds – Amar Douhane (partner).
Entrepreneur Venture – Théophile Basser (analyst); Bertrand Meunier (development and strategy); Bertrand Folliet (managing partner).
Greenoffice – Michael Vincent, Malik Sersar (co-founders).
Advisers
Equity – Lamartine Conseil, Florence Savouré, Laura Smyrliadis, Charlotte Moreau, Victoire Blanc (legal); ACA Nexia, François Mahé, Adrien Bauwens (financial due diligence).
Company – N Finance, Maxime Dugast, Guy Cohen (corporate finance); Cabinet Jean-Marc Bidon et Associés , Amélie Forestier-Caillaud (legal).
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