Track record

04/12/2020

Bignon Lebray advises Turenne Groupe on its investment in Neo2 group

Edouard Waels, Partner, and Fanny Esnée, Lawyer, assisted Turenne Groupe in their acquisition of a stake in the capital of Neo2, the consulting firm.

Neo2 Group, reaching approximately €25m in sales, opened its capital to Turenne Group, following an informal process launched in the summer of 2020. For this capitalistic transaction, Turenne Group is deploying the strategy of its Emergence fund, through this new investment dedicated to growth companies operating in the B2B and digital services market. Selection & Opportunités, a new evergreen investment vehicle dedicated to Turenne Groupe’s private clients, is also involved in this transaction.

Néo2 is a consulting firm specializing in the process industry and engineering trades, founded in 2008 by Fabrice Lidy. This first capitalistic transaction will support the exponential growth of its activities and reorganize its capital around Fabrice Lidy, Victor Coen and its main executives, alongside Turenne Groupe, via its Emergence fund, lead of the transaction, and SLP Selection & Opportunités.

Neo2 Group is active in the energy, environment, food, chemical, health and infrastructure sectors. Over the years, Neo2 has developed expertise in engineering project management, process engineering, mechanical engineering and trades dedicated to industry 4.0.

As one of France’s leading private equity firms, Turenne Groupe has been supporting entrepreneurs for 20 years in their innovation, development and transfer projects. As an independent player, the group manages €1 billion as of June 30, 2020. Its teams of 65 professionals, including 49 investors, based in Paris, Lille (Nord Capital), Lyon, Marseille and Metz, support 260 business leaders in the sectors of healthcare, hotels, new technologies, distribution and innovative services.

Contributors

Neo2: Executive and key executives (Fabrice Lidy; Victor Coen; Juliette Prezelin; Benjamin Jeffroy)

Legal advisors for the managers: Latournerie Wolfrom Avocats (Caroline Basdevant-Soulié ; Guillaume Ledoux)

Investors: Turenne Emergence (Stéphane Saudo; Anne-Laure Beaulieu), Selection & Opportunities (Luis Batista; Pierre Bon), Origan Capital I (Pierre Dropsy)

Legal advisors for the investors: Bignon Lebray (Edouard Waels, partner and Fanny Esnée, lawyer, private equity; Frédéric Coulon, partner, Margaux Prouvost, lawyer, Charlotte Pineau, lawyer, commercial law audit; Jérôme Granotier, partner, Manouk Minasyan, lawyer, tax law audit; Jérémie Boublil, partner, Aude Touré, lawyer, employment law audit; Nicolas Moreau, partner, Juliette Goutorbe, lawyer, IP-IT audit; Ondine Prévoteau, partner, real estate law audit).

Financial auditor: Next! (Hervé Krissi ; Edouard Debersé ; Bastien Blanchard)

Strategic audit: Focus Strategy (Jérôme Taieb)

Banks: CM-CIC (Christelle Galland; Anne-Laure Cabot; Victor-Alexandre Fleres), BNP Paribas (Anne-Laure Herbinet; Denis Cardinali; Gregory Mallet), Banque Postale (Quentin Walkowiak; Philippe Le Pouliquen; Loic Gillet)

Legal advisors for the banks: DGFLA (May Jarjour; Claire Haas)

VDD: Grant Thornton (Thierry Dartus; Delphine Kopacki)