Activa Capital invests in Gaz Europeen
Activa Capital has become the reference financial shareholder in Gaz Européen, an independent alternative gas distributor supplying the collective residential B2B market in France.
Gaz Européen's parent company has 60 years' experience in providing energy solutions to the collective residential B2B market - property managers, heating ventilation and air conditioning companies, tertiary and public companies.
Anticipating the liberalisation of the French gas distribution market, Gaz de Paris was founded in 2005. Experiencing a strong growth in the Paris Ile-de-France region, Gaz Européen has developed its national coverage by creating five regional entities in major cities in France: Gaz de Lille, Gaz de Nantes, Gaz de Lyon, Gaz de Marseille and Gaz de Toulouse.
In 2013, the group generated a turnover of EUR105m.
Yann Robin, president of Gaz Européen, says: “The arrival of Activa Capital in Gaz Européen's capital will accelerate the successful development of the Group and provide the capital to underpin our growth.”
Charles Diehl, partner of Activa Capital, adds: “We are delighted to be partnering with and accompanying Gaz Européen's growth. Gaz Européen has a first-class track record of new client wins as the competition in French gas market opens up.”
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