Latour Capital

Latour Capital, our client, has completed the acquisition of Proxiserve, Prochalor, Semcra and Thop from Veolia Environnement and other minority shareholders. The scope of transaction also includes Edenkia (Joint Venture between Veolia and EDF).

Proxiserve is one of the leading players in the French housing service market, operating in a wide range of business activities: heating, plumbing and sub-metering. The additional targets operate mainly in heating and cooling services and power supply management and distribution. The combined group represents an annual revenue of around EUR 300m and an EBITDA of around EUR 15m.

Canaccord Genuity acted as financial advisor to Latour Capital and the management of the acquired companies, providing a full service for the buy-side mandate including valuation and business plan review, strategic advice and negotiation with Veolia.