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Activa and Paluel-Marmont sell Gaz Europeen investment to DCC

Activa Capital and Paluel-Marmont Capital are selling their stake in Gaz Europeén to DCC, a shareholder of Butagaz since 2015.

Following the acquisition of an equity interest and a capital increase in December 2013, Activa Capital and Paluel-Marmont Capital have been accompanying the development of Gaz Européen as shareholders alongside the founders (majority shareholders) and the management.
 
The DCC group has submitted a binding offer to acquire Gaz Européen, a natural gas retail and marketing business which supplies business and public sector customers in France, founded in 2005 when the French natural gas market was first deregulated and opened to competition.
 
The acquisition, which enables DCC to enter a new phase of diversification of its offer in energy businesses, is conditional on competition clearance from the French Competition Authority and is expected to complete in the first quarter of 2017.
 
Yann Evin, CEO and shareholder of Gaz Européen, says: “Activa Capital and Paluel-Marmont Capital have accompanied the transformation of the group’s supply chain model and supported the company’s strong growth for the last three years. With Butagaz, we expect to continue down that path and explore together new growth opportunities.”
 
Charles Diehl, partner of Activa Capital, says: “We are delighted to have contributed to Gaz Européen’s success, which has become a leading player in its market segment throughout France with 500,000 customers in the collective residential B2B market across 10,000 sites. We are convinced that the combination with Butagaz is an important milestone for continued success on the B2C as well as B2B markets.”
 
Xavier Poppe, partner of Paluel-Marmont Capital, says: “We are proud to have supported Gaz Européen in a period of strong growth during which the number of sites supplied has tripled and the turnover more than doubled over the last three years to exceed EUR200 million today.”

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