Omnes Capital supports Eratome in its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance), a company specializing in public exterior works
Eratome Group, a leader in the repair and maintenance of social housing in the Ile-de-France region, continues its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance). Omnes Capital has supported Eratome since July 2013.
Initially specialized in the full-service renovation of social housing, Eratome acquired DSM in 2012 and then Profil in 2013. These transactions have given the group a foothold in locksmithing and major repairs and maintenance work, mainly in the common parts of social housing developments.
This new acquisition is in line with the Group's strategy of broadening its services for social housing landlords in the Ile-de-France region. Based in Gonesse in the Val d’Oise department (95), TPM specializes in exterior repair and maintenance work (including street maintenance, landscaped areas, masonry and exterior lighting), often as part of an urban redevelopment project.
TPM generated revenues of almost €14 million in 2014, which will boost Eratome's revenues to almost €40 million.
Jean-Michel Nucera, Chairman and founder of Eratome commented: "Our aim is to pursue our acquisition strategy with a view to achieving €150 million in revenue by 2018. In the short-term, we wish to continue developing our range of services for social housing landlords, particularly in waterproofing and rendering."
Benjamin Arm, Head of Buyout & Growth Capital at Omnes Capital added: "Except for a few major operators, the social housing renovation market in the Ile-de-France region is highly fragmented and ripe for consolidation. We are proud to support Eratome in its market, which offers numerous acquisition opportunities."
Benjamin Arm, Head of Buyout & Growth Capital
Alice Calvez-Pignot, Associate, Mid Cap Buyout & Growth Capital
Advisers to purchaser:
Due diligence: LSA (Franck Raducanou)
Legal: Fieldfisher (Philippe Netto – Cécile Airault)
About Omnes Capital
Omnes Capital is a major player in private equity and infrastructure with €2.1 billion in assets under management. Omnes capital provides companies with the capital needed to finance their growth and with key expertise in a number of areas: Buyout & Growth Capital, Venture Capital, Renewable Energy, Co-Investment, Secondary Funds of Funds. Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The firm is now owned by its employees.
Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). Further information: www.omnescapital.com
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