Latour Capital buys four Veolia subsidiaries
Latour Capital has wholly acquired Proxiserve, along with Prochalor, Semcra and Thop, four business units of French utilities group Veolia Environnement.
Latour was founded in 2011 and manages a FCPR vehicle focusing on corporate spinouts as well as buyouts in growing sectors, including digital media and energy. Alain Madelin, one of Latour's founders, is a former French finance minister.
Debt
Information on leverage for this transaction remains confidential.
Company
Proxiserve, formerly trading under the name Veolia Habitat Services, specialises in providing energy-related services to consumers. Prochalor, Semcra and Thorp specialise in heating equipment. The combined group will post revenues of €300m in 2011, with a €15m EBITDA.
People
Cédric Bannel, Philippe Leoni and Alain Madelin led the deal for Latour.
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