Compagnie Nationale à Portefeuille (CNP) and Sienna Private Equity (SPE) are to acquire a majority stake in ECT Group alongside the company’s existing management team, from Chequers Capital.
The transaction remains subject to the information and consultation process of ECT Group’s employee representative bodies and customary regulatory approval. Financial details have not been disclosed.
Founded in 1998, ECT Group is a specialist in the upcycling of inert soils, serving both the building industry and local communities. ECT carries out non-built development projects with excavated soils from urban construction sites. These developments take the form of landscape parks, biodiversity zones, urban forests, agricultural areas, outdoor sport areas or photovoltaic power plants.
Mainly active in France, ECT Group aims to expand its geographical footprint under the Landify brand through its subsidiaries in Germany, Switzerland and the USA.