GENEO Capital Entrepreneur brings together a group of long-term investors to support Actéo in its growth and the evolution of its governance.
Paris, July 6, 2023.
GENEO Capital Entrepreneur brings together a group of long-term investors to support Actéo in its growth and the evolution of its governance.
GENEO Capital entrepreneur supports the Actéo group, which specializes in the manufacture (Théolaur) and distribution of paints and complementary products for the building industry (Théodore Maison de Peinture), in the evolution of its capital with a view to accelerating its development projects, notably around innovation, its low-carbon approach and digital. This transaction is part of a long-term, positive-impact investment strategy.
Founded in 1825, Actéo is a family-owned industrial group that today employs almost 400 people, led by Hugo Robardey and Laurent Letort. With sales approaching €100m, it is a leading independent player in France in the manufacture (Théolaur) and distribution (under the Théodore Maison de Peinture brand) of paints, mainly for building and decoration professionals, but also for local authorities and private customers.
Actéo is organized around 2 production sites in France, the first located in Hauts-de-France near Lille, specializing in water-based paints, and the second based in Occitanie near Toulouse, specializing in large whites, solvent-based paints and sports field paints.
The Group relies on its network of over 70 sales outlets, located mainly in intermediate towns in France, to maintain close contact with its customers, a real strength of the company for decades. In addition to these specialized outlets, the Group's products are sold by over 100 independent distributors throughout France.
The Group's ambition is to pursue its trajectory through a strategy of both organic and external growth, to become one of France's independent and innovative leaders in the sector.
To tackle this new phase of its development in a sustainable way, Actéo has signed an agreement with two minority investors led by GENEO Capital Entrepreneur for a one-third stake in its capital.
The group's shareholder base now includes the management team, Hugo Robardey and Laurent Letort, the two historic shareholder families, investors with GENEO Capital Entrepreneur and Bpifrance, and eventually all employees, who will become shareholders.
"The entry of GENEO and Bpifrance into the capital accompanies the transfer of Actéo's management to a new generation of leaders: Hugo Robardey and Laurent Letort, who have been training in our business for many years" shares Olivier Robardey. Olivier Robardey.
"In GENEO and Bpifrance, Actéo's historic shareholder families have found partners who share the vision for Actéo set out by Hugo Robardey and Laurent Letort: long-term development for the benefit of stakeholders, employees, customers and suppliers. GENEO and Bpifrance provide the financial and human resources to fuel growth and create value, while respecting the DNA of our family businesses. Olivier Verley.
An innovative, customer-focused French group
As part of the energy transition, the Actéo Group has developed environmentally-friendly products that are both durable and high-performance, addressing key market issues such as climate change and thermal performance.
Among its innovations, Actéo was a pioneer in the design of THEOTHERM® heat-insulating & reflective paint, for example, offering optimum comfort all year round in buildings, while reducing energy bills and limiting the carbon footprint. Whether applied to roofs, facades or interiors, THEOTHERM® minimizes the need for air conditioning in summer and heating in winter, thereby regulating the temperature inside buildings and reducing CO2 emissions into the atmosphere.
"It is with great satisfaction that we welcome GENEO and its partner Bpifrance to our project to develop our companies around a shared societal commitment that brings us together. As a company with a mission, GENEO will enable us to accelerate this transformation! Hugo Robardey.
"With GENEO, we share the same ambition to develop our network and innovations based on strong human values. This partnership is a real opportunity for our teams and our companies," adds Laurent Letort.
"We are delighted to welcome Actéo to the GENEO Community, which brings together entrepreneurs in the field of positive finance," stresses Delphine Jarnier, Managing Partner of GENEO Capital Entrepreneur. Delphine Jarnier, Managing Partner of GENEO Capital Entrepreneur. "Our aim is to provide a group that is almost 200 years old and has been able to weather the decades perfectly, with the means to pursue its development in France and Europe, but also to support the managerial handover currently underway, which is perfectly in line with our DNA. We are also delighted to be associated with Bpifrance and its Climate Plan".
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About Actéo
Actéo is a French group specialized in the manufacture of paints for the building industry, with 2 Théolaur production sites and a distribution network under the Théodore Maison de Peinture banner. With two centuries of experience behind it, the group has become a benchmark in its field, with quality, high-performance, long-lasting products.
Innovation is one of the pillars of our strategy, and we are constantly developing new technologies to meet the ever more demanding needs of our customers and today's environmental challenges. Théolaur peintures has two state-of-the-art research and development laboratories, where teams of experts are constantly working to improve products and develop new formulations.
For its part, the Théodore Maison de Peinture network relies on a nationwide network of more than 70 branches, staffed by specialized consultants at the service of its professional, institutional and private customers. Know-how, proximity and human values are our performance levers for customer satisfaction.
The Group is deeply committed to a low-carbon approach, taking full account of societal issues. We favor the use of natural and renewable raw materials, as well as energy-efficient manufacturing processes with low greenhouse gas emissions. Sourcing low-carbon products is an integral part of our ambitious climate strategy. Its aim is to actively contribute to preserving the environment, while focusing on the personal development of its employees.
For more information: www.theolaur.com
www.theodoremaisondepeinture.fr
About GENEO Capital Entrepreneur
GENEO Capital Entrepreneur's raison d'être is to make positive finance available to the real economy.
Designed to unlock the value-creation, job-creation and impact-creation potential of SMEs and ETIs, GENEO Capital Entrepreneur has nearly 600 million euros at its disposal. In particular, it manages the "evergreen" investment company GENEO Capital, which has a 99-year lifespan and is majority-owned by families and entrepreneurs. GENEO provides tailor-made capital that adapts to the pace of each company, ensuring responsiveness and flexibility. Its resources increase regularly as GENEO and the companies it invests grow.
As a business partner, GENEO mobilizes its teams and specialized business partners (external growth, positive impact, digital and innovation) to support the execution of structuring, growth and transformation projects. It also boasts a platform of over 140 independent experts and a Community of nearly 200 families and entrepreneurs, providing a unique opportunity to share experience and build a business network unmatched in France. The terms of this operational support are tailored to the specific needs of each company, and formalized jointly by the GENEO team, the management team and the company's other shareholders in a "Carnet de croissance".
Passionate about those who make, create and want to move the lines, the GENEO team's sole ambition is to take each entrepreneur's ambition to the highest level.
At GENEOwhen we invest, we invest!
For more information: www.geneocapitalentrepreneur.com
https://twitter.com/GeneoCapital
https://www.linkedin.com/company/geneo-capital-entrepreneur
https://www.youtube.com/channel/UChZh_aqfqG-v9ANGWlLY2Tw
About the management company Bpifrance Investissement
Bpifrance finances companies - at every stage of their development - with credit, guarantees and equity capital. Bpifrance supports them in their innovation and international development projects. Bpifrance also supports their export activities through a wide range of products. Consulting, university, networking and acceleration programs for startups, SMEs and ETIs are also part of the services offered to entrepreneurs.
Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from a single, close and efficient contact to help them meet their challenges. Positive finance, GENEO's raison d'être, is to reconcile performance and meaning.
For more information: www.Bpifrance.fr - https://presse.bpifrance.fr/ - Follow us on Twitter : @Bpifrance - @BpifrancePresse
List of speakers :
Actéo: Hugo Robardey, Laurent Letort, Olivier Verley, Olivier Robardey
GENEO Capital Entrepreneur: Delphine Jarnier, Edouard Braun and Arnaud Rodrigue
Bpifrance: Gabrielle Tétart, Pierre de Miscault
Investor Advisors: Financial COFIGEX (Frédéric Durand, Jean-Charles Norris, Nicolas Almeida and Agathe Leclerc), Legal PDGB (Roy Arakelian, Guillaume Maître, Thierry Jestin, Raphael Sarfati, Arnaud Giroire, Denis Agranier, Sarah Bouamoud, Virginie Coursière-Pluntz), Environmental Ramboll (Bertrand Latrobe, Maria Ramino)
Corporate Advisors: M&A Bankers OAKLINS (Thibaut de Monclin, Ghislain De Feydeau, Thomas Goyeneix) ; Financial MAZARS (Isabelle Tristan, Pierre Tchertoff, Charlotte Bonny, Cyprien Benoit) , Legal: Lamartine (Fabien Mauvais, Chiara Dimberton, Corentin Graff)
Banks: Caisse Régionale de CREDIT AGRICOLE MUTUEL NORD DE France (Nicolas Bertincourt), BANQUE POPULAIRE DU NORD (Xavier Pissavin), CIC NORD OUEST (Sophie Jombart)
Press contact:
For GENEO Capital Entrepreneur :
Verbatee Agency:
Cyrille Lachèvre 06 20 42 12 08 - c.lachevre@verbatee.com
Barbara Baudier 06 68 53 28 49 - b.baudier@verbatee.com
For ACTEO :
Hugo Robardey - hugo.robardey@theolaur.com
Laurent Letort - letort@theolaur.com