Entrepreneur Venture, Carvest back VM Constructions

Carvest will provide equity, while senior debt was provided by CIC Ouest and Crédit Agricole Centre Loire.  

The fresh funds will finance the bolt-on of French construction specialist Groupe PHB. The Paris-based business, founded in the early 2000s, generates a turnover of €20m, according to a source close to the deal.

The transaction saw Groupe PHB CEO Laurent Vanheerswynghels secure a minority stake in the business resulting from the merger between VM and Groupe PHB.

Company
Founded in 1979 and based in Arpajon, VM is a construction company. Through its VM Energies & Services branch, it also covers electricity and plumbing services. The company employs 30 people and generates a turnover of €10m.

People
Entrepreneur Venture – Bruno Jacquot, Julien Durand (directors).
Carvest – Alexandre Barruel (investment director).
Groupe PHB – Laurent Vanheerswynghels (CEO).

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