Activa and Paluel-Marmont back Gaz Européen

The company plans to expand domestically following the deal.

Activa recently acquired a 57.9% stake in Nexeya, a NYSE Euronext-listed electronics manufacturer, with an offer to acquire the remainder of the company's shares to take it private. The deal gave Nexeya a market cap of €47.8m.

Company
Founded in 2005, Gaz Européen is headquartered in Paris and currently employs 26 staff. The company generated turnover of €105m in 2012/13. The company is a supplier of natural gas to local authorities and property managers.

The Gaz Européen group comprises Gaz de Paris, Gaz de Lille, Gaz de Nantes, Gaz de Lyon, Gaz de Marseille and Gaz de Toulouse. The Paris unit was established in anticipation of the energy market's liberalisation.

People
Yann Robin is the president of Gaz Européen. Charles Diehl is a partner at Activa and worked on the deal alongside investment director Grégory Fradelizi and investment managers Alexis Collon and Pierre Chabaud. PMC managing director Xavier Poppe and associate director François-Xavier Deren worked on the deal.

Advisers
Equity – Mayer Brown, Olivier Aubouin, Patrick Teboul, Caroline Poncelet, Maud Bischoff (Legal); Deloitte, Vincent Batlle, Vania Mermoud (Financial due diligence); La Garanderie & Associés, Marie-Alice Jourde (Social due diligence); CVA, Joël Poher, Matthieu Crest (Strategic due diligence).
Vendor – Transaction R, Laurent Buiatti, Marguerite Mell Teyssier, Lucrèce d'Assignies (Corporate finance); DLA Piper, Xavier Norlain, Sarmad Haidar, Elodie Cavazza (Legal); KPMG, Rémi Boulesteix, Mathieu Schohn (Financial due diligence).

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• Topics
• France
• Industrials
• Buyouts
• France
• Activa Capital
• Paluel-Marmont Capital