BNP Paribas, BPI France back BEG Ingénierie MBO

Existing shareholders Hugo Golzio and Jean-Eric Cartry have been joined by six members of the current management team. Golzio and Cartry remain majority shareholders in the company.

The business first received private equity backing in 2009 when Sofimac Partners provided a ticket of €3m, via its Opportunités Régions 1 vehicle. A year later, Avenir Entreprises and BPI France provided funding for BEG.

An MBO operation in 2014 saw managers Hugo Golzio and Jean-Eric Cartry take a larger stake in the business, while Sofimac Partners exited the investment. Moreover, BPI France recommitted to the business and BNP Paribas joined as a backer.

Company
Orléans-based BEG was founded in 1966 and specialises in commercial real estate. It undertakes construction works including shopping malls, industrial buildings, healthcare facilities and offices. Operating in 10 European and North African countries, the company has a headcount of 260. BEG expects to generate a €130m turnover in 2018.

People
BEG Ingénierie – Hugues Golzio (CEO).
BNP Paribas Développement – Benoit Picart (investment director); Julien Lemaire (analyst).
BPI France – Marc Prévôt (investment director); Samia Ben Jemaa (portfolio manager).

Advisers
Company – White & Case, Céline Domenget, Jean Paszkudzki, Estelle Philippi (legal).
Equity – Luchtenberg Avocats, Me Jérémie Swiecznik (legal); Deloitte, Alexis Levasseur, Armel Pedron (financial due diligence).
Management – Aris, Manfred Noé, Pierre-Alexis Moreau (legal).

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