Avenir Entreprises injects €1.5m in M Energies

Avenir invested via the €140m AED fund launched in 2008. In addition, state-backed funding structure Oséo provided M Energies with an extra €1.5m loan.

The fresh capital will mainly be used to back M Energies' acquisition strategy; the group is aiming to expand across France - notably in the Paris region - but also towards Belgium and Luxembourg.

Company
Established in 1968, M Energies specialises in the installation and servicing of heating and cooling devices. It targets businesses, individuals and local authorities. The Ludres-based group currently employs 209 staff.

People
Jacques Solleau and Pierre Geerolf worked on the deal for Avenir Entreprises. Dominique Massonneau is CEO of M Energies.

Advisers
Equity - Cabinet Cofigex, Frédéric Durand, Jean Charles Norris (Financial due diligence).
Management - Mazars Corporate Finance, Matthieu Boyé, Stéphane Pithois (Corporate finance).

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• Topics
• France
• Expansion
• Consumer
• France
• Avenir Entreprises