PE-backed Vitale Assistance buys Groupe 3iD

Founder Jean Faletto has exited Groupe 3iD while director Philippe Yvars invested in the group resulting from the merger. The combined companies will generate a €80m turnover and operate 30 agencies across France.

Vespa was the majority owner of Vitale until 2017, when an SBO transaction saw Weinberg acquire a majority and the previous investor retain a stake. At the time of the transaction, Weinberg was investing via its WCP#2 vehicle, closed on €165m in 2012.

Founded in 1995 and based in Poitiers, Vitale generated €30m in revenues in 2016.

Company
Founded in 1994 and based in St Marcel Les Valence, 3iD is a provider of emergency assistance and renovation services after fire and water damage in buildings such as offices, residential properties and churches. The business also provides renovation services including leak repairs. 

Active in eastern and southern France, 3iD has a headcount of 140 people and generates revenues of circa €40m, French publication Capital Finance reported.

People
Weinberg Capital – Lionel Mestre (partner).
Vitale Assistance – Alain Tanguy (president).
Groupe 3iD – Philippe Yvars (director).

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