Cegelec - September 2006

LBO France announced the acquisition of French electrical engineering group Cegelec on February 2006.

With sales of €2.9bn, Cegelec is a leading international integrated group providing contracting, project management, services and maintenance in the following areas of activity: energy and electricity, automation, instrumentation and control, information and communication technologies, heating, ventilation and air conditioning and mechanical engineering.

Canaccord Genuity worked for Cegelec and its management on the company's business plan, the selection of the best suitable private equity sponsors, the preparation of those sponsors in understanding the business and the process and finally the negotiation of the management package.