Omnes Capital, with support from GSO Capital and Bpifrance, has conducted the spin-off of the Geoxia Group’s brands in the Nouvelle Aquitaine region owned by LBO France – Maisons Clairlande, Les Demeures de la Côte d’Argent, Rouquié Constructions – via a primary LBO.
Omnes Capital, through its small cap funds (LCL Expansion 2 and LCL PME Expansion 2), took the opportunity to acquire a majority stake in the takeover holding company InCa (Innovation Construction pour l’Avenir) gathering the three brands, along with the management – Rémi Fromaget, CEO, and Lionel Husson, Managing Director.
InCa is one of the regional leaders in the construction of built-to-order single-design detached homes, with three strong brands in Nouvelle Aquitaine: Maisons Clairlande, Les Demeures de la Côte d’Argent and Rouquié Constructions. The Group has a wide range of target customers, from first-time buyers to high-end customers. With sales of over 500 homes, the Group achieved turnover of EUR38 million in 2016.
The national underlying-end market for the construction of built-to-order single-design detached homes is structurally supported by the need for housing. Through a natural and strong consolidation, it is experiencing a significant rebound, boosted locally by the opening of the new TGV line linking Paris and Bordeaux in two hours from the start of July.
The aim of this transaction is to support the Group’s growth in three key areas: organic growth with the opening of new agencies in Aquitaine, an active and selective acquisitions policy and a commercial system reinforced by the development of innovative digital solutions.

Frédéric Mimoun, Investment Director, Omnes Capital, says: “Having considered the opportunity directly a few years ago, we set about defining the outlines of a complex spin-off transaction in order to give the Group the means to accelerate its development. We were particularly drawn to the Group’s growth profile and profitability, as well as the quality of its management team. InCa, via its three leading regional brands, is in a strong position to play a unifying role in its market. Our ambition, which is shared with management, is to support it in its growth strategy to achieve turnover of almost EUR70 million within four years.”
