The Citygie Group, a French specialist in urban development solutions, is sold by EiM Capital to its management team, supported by BTP Capital Investissement and Sopromec

• EiM Capital announces that it has sold the Citygie Group to the management team led by Éric PIROUD, supported by the minority funds BTP Capital Investissement and Sopromec Participations.
• EiM Capital is an investment company specialising in the acquisition, development and transformation of unlisted companies in need of development and repositioning.
• Based in Chaleins, Citygie is a French industrial group specialising in the design, off-site manufacture, installation, servicing and maintenance of urban development solutions. Citygie has been France’s leading supplier of prefabricated concrete public toilets and street furniture to public and private customers for over 60 years.
• Citygie was acquired from the Consolis group in 2019. EiM Capital actively supported management in repositioning the Group towards new products and markets, enabling it to significantly improve its financial performance. EiM Capital also supported Citygie’s acquisition of a stake in Cubik Home to participate in the development of a new low-carbon fibre-reinforced concrete off-site modular construction technology for public facilities and private housing.
• Convinced of Citygie’s development potential in its traditional markets and in new growth markets, Éric PIROUD, already a minority shareholder with his team alongside EiM Capital, has positioned himself for the majority takeover of the Group through their holding company Hygie Investissements.
• Hygie Investissements is supported by BTP Capital, Sopromec and 5 private investors specialising in construction and public works (Investisseurs qualifiés) as minority shareholders, and has completed its financing with a banking pool led by Société Générale and Caisse d’Épargne Rhône-Alpes.
• BTP Capital Investissement was motivated by the quality of the management, the expertise of the teams and the prospects for long-term development with a new shareholder base to support the companies in a new phase of development.

Stakeholders

Sellers

• EiM Capital (Renaud DELAAGE, Luigi CHIARAVIGLIO, Philippe MAGNANI, Romain PEUGEOT, Mathias DESBRUN)
• Sellers advisors:

oM&A advisor : Societex (Thomas BEAURAIN, Clément MATELOT, Babacar NDAW-BASTIEN)

oLawyer advisor : Almain (Edgard NGUYEN, Mathieu MASCHER)

oTax advisor : BDGS (Guillaume JOLLY, Pierre PROUX)

oFinancial advsior : Deloitte (Tristan DOQUET-CHASSAIN)

Buyers

• Buyers : Hygie Investissements (Eric PIROUD, Eric HAUFTRICHT, Nicolas GIRARD), Investisseurs qualifiés (Alain LAURIER, Pierre SALLENAVE, Xavier DUPLANTIER, José-Michaël CHENU, Antoine PEZZINI)
• Minority financial investors : BTP Capital Investissement (Charles-Henri DOLLE, Magali BREGEARD), Sopromec Participations (Stéphane TAUNAY, Stéphane ROY)
• Senior debt : Société Générale (Alexandre GILLIA), Caisse d’Épargne Rhône-Alpes (Patricia TRICAUD)
• Buyers advisors:

oLawyer and Tax advisor : Ponsonnet & Associés (Fabrice PONSONNET), Lampides & Potier (Alexis ARONIO DE ROMBLAY), François GOGUELAT

oFinancial advisor : Arthaud & Associés (Sébastien BAUDRY, Sarah CHAPELLE, Jean-Baptiste CHELLE, Julia DUMONTET, Loïc PERRELLE, Murielle RAPINE, Alicia VIGUIER)