Siparex exits Eras Ingenierie to trade

Siparex initially backed Eras in an OBO in 2007, with founder and director Yves Poivey acquiring a stake. The vehicle used was Siparex MidCap I. The fund, closed in 2006 on €124m, aimed to invest for majority or minority stakes in mid-sized companies valued between €10-100m, according to Unquote Data.

Endel is a subsidiary of French listed energy group Engie and provides energy plants with industrial maintenance services. Born from the merger between Entrepose and Delattre-Levivier, it is present in 140 locations and employs 6,000 staff.

Company
Founded in Lyon in 1991, Eras is multidisciplinary engineering company specialising in improving the performance of production sites and the management of industrial investments. Eras Ingenierie serves the chemicals, petro-chemicals, food, biotechnology, cosmetics and environment sectors. With 15 production centres, the company generates a €49m turnover with 475 staff members. Aside from France, it also has facilities in Belgium, Switzerland and Morocco.

People
Siparex – Bertrand Rambaud (president).
Eras Ingenierie – Eric Colleter (CEO).
Endel – Emeric Burin des Roziers (CEO).

Advisers
Vendor – Degroof Petercam Finance, Jean Peyrelevade, Nicolas de Quincerot, Julien Beaufreton (corporate finance); Juris Vendôme, Cécile Rousset-Gallea, Thierry Gateau (legal); Deloitte, Eric Boucharlat, Julien Lanoiselée (corporate finance).

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• Topics
• Exits
• France
• Industrials
• France
• Siparex
• Deloitte