PE-backed Groupe Rougnon bolts on Reolian

Andera acquired minority stakes in Groupe Rougnon in 2015 via Winch Capital 3, a €300m fund closed in 2014. It invested alongside BPI France, the Rougnon family and the management teams.

Rougnon provides construction services, including heating, air conditioning, metalwork and plumbing. According to its website, it generated a €117m turnover in 2017, employing 650 people across 15 businesses.

Once Reolian is  fully integrated, the combined group should employ 900 people, according to a statement.

Previous funding
Alliance Entreprendre invested in Reolian back in 2011. Four years later it reinvested in the business acquiring a 15% stake, investing alongside the management team, which was not part of the capital structure at the time.

Company
Based in Creteil, Reolian is a construction and building services operator, offering services related to heating, plumbing, electricity, carpentry, roofing and waterproofing, among others. With a workforce of 170, it generates a €30m turnover.

People
Reolian – Roger Begoc, Thierry Fraillon (founders).

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