BPI France et al. invest in Enygea

Nord Croissance generally makes equity contributions of up to €1.5m in exchange for minority stakes.

CIC Nord-Ouest will provide a senior debt package as part of the deal. Moreover, Humanis Croissance Hauts-de-France will provide a single bond issue of €3.6m to Enygea.  

The Humanis Croissance Hauts-de-France fund targets SMEs and mid-cap companies. The fund issues bonds that are repayable at the end of the contract, for terms of five or seven years.

Having already opened facilities in Portugal, Enygea plans further international expansion.

Company
Founded in 2007, Enygea has acquired 10 companies in 10 years. Today it is composed of two main brands – WC Loc and PSV. The company operates 25 sites in France and has opened facilities in Portugal. Enygea forecasts a turnover of €30m for 2018 and employs 150 people. The company is based in Wambrechies.

Since 2016, WC Loc has developed a new range of toilets, bathrooms and mobile kitchens to be used at events. This new offer meets the environmental responsibility requirements of a growing number of cities and organisations.

People
Enygea – Hervé Montagne (CEO).
BPI France – Ménélé Chesnot (investment director).
Societe Generale Capital Partenaires – Emmanuel Leplat, Amélie Bonnefoy (investment directors).
Nord Croissance – Laurent Deswarte, Louis Labriffe (investment directors).
Humanis Croissance Hauts-de-France – Patrick Bouchindome, Laurent Deswarte (directors).

Advisers
Company – Pommier, Cohen et Associés, Bernard Pommier, Nathalie Saurin (legal).
Equity – Archers, Marc Baffreau, Me. Guillaume Bain, Groupe IRD, Matthieu Debosque (legal); Grant Thornton, Didier Hazebrouck, Rémi Poujol (financial due diligence).

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