Presentation
Leading French independent alternative gas distributor supplying the collective residential B2B market
Management
Yann Robin, President
Luc-Marie Greslé, Managing Director
Yann Evin, General Manager
Investment date
From December 2013 to January 2017
Investment type
Growth capital
Activa Capital's role
Reference financial shareholder
Turnover
€205m
Location
Paris
Project
In December 2013, Activa Capital became the reference financial shareholder of Gaz Européen, a leading French independent alternative gas distributor supplying the residential B2B market.
As France opened up its gas market to new competition, Activa Capital partnered with the management team of Gaz Européen and its founders (the shareholders of Delostal & Thibault, a group specializing in the operations of collective heating and plumbing systems) to accelerate the growth from the existing portfolio of 250 000 end-clients.
The company enjoyed very strong growth : at exit, following a twofold increase in the number of end-clients to over 500 000 across 10 000 sites, Group turnover nearby doubled to €235m.
Exit
In January 2017, Activa Capital organised the sale of Gaz Européen to Butagaz, a subsidiary of DCC plc., an international group based in Ireland and listed on the London Stock Exchange.
