E.R.E Moves Forward with LBO France Acquisition
Deal News | Apr 09, 2025 | LBPO France
LBO France, a notable investment platform in private equity, has acquired a majority stake in Entreprise Redonnaise d'Électricité (E.R.E), a significant player in the French energy sector. E.R.E specializes in designing and manufacturing high-voltage transformer substations. Capelia, which has been the main shareholder since 2022, retains a significant minority stake alongside the management team. The acquisition is set against a backdrop of E.R.E's strong growth trajectory and industry trends like renewable energy development and transportation electrification. This strategic investment includes a €15 million financing line dedicated to external growth, supported by a banking consortium led by Arka. E.R.E generated revenues of approximately €30 million in 2024 and aims to expand its offerings with LBO France's backing. Key figures from LBO France and Capelia express optimism about the partnership's potential to bolster E.R.E's market position.
Sectors
- Energy
- Private Equity
Geography
- France – Both LBO France and E.R.E are headquartered in France and the investment focuses on the French energy sector.
Industry
- Energy – E.R.E operates within the energy sector focusing on high and low-voltage transformer substations, contributing to energy transition efforts in France.
- Private Equity – Involves LBO France, a private equity firm, acquiring a majority stake in E.R.E to drive growth and diversification within its portfolio.
Financials
- 30 million euros – E.R.E's revenue generated in 2024.
- 15 million euros – A financing line established for E.R.E's external growth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LBO France | Acquiring Company | Company | A leading private equity firm involved in various sectors including real estate and venture markets. |
| Entreprise Redonnaise d'Électricité (E.R.E) | Target Company | Company | Specializes in designing, manufacturing, and maintaining high- and low-voltage transformer substations in France. |
| Capelia | Selling Company | Company | An entrepreneurial investment fund retaining a minority stake in E.R.E. |
| Ludovic Bianchi | CEO of E.R.E | Person | Managing Director of E.R.E leading the company through its growth phases. |
| Jean-Marie Leroy | Partner at LBO France | Person | Responsible for Small Caps activity at LBO France, facilitating the E.R.E acquisition. |
| Eric Mozas | Partner at Capelia | Person | Contributed to E.R.E's growth and partnership with LBO France. |
| Arka | Banking Partner | Company | Leading the banking consortium providing a financing line for E.R.E's growth. |