Mazars Corporate Finance advises Fauché Group on the sale of its Polish subsidiary, Fauché Polska

Mazars Corporate Finance teams in France and Poland helped Fauché group in the take-over of its Polish subsidiary by the management team within sponsorless MBO transaction. The operation confirms the willingness of the Fauché group to accelerate its development by focusing on its business in France and ensuring smooth transition in the Fauché Polska company.

The Fauché group created in 1963 is among the top independent French firms specialised in the energy services sector. It provides services within the entire chain value of electrical installations (for industry, services and energy infrastructure, transport and communication etc.), maintenance, design and installation of automation, manufacture and distribution of electrical equipment (generators, electrical cabinets, power supply solutions for aeronautics, airports, biogas cogeneration modules, etc.). The activity enabled the Group to generate revenues of EUR 175 million in 2017, with headcount of 1,200 employees working in 30 agencies in France and in Poland.

Fauche Polska was established in 1998 in order to assist historical clients of the Group in their operations in Poland. It is specialised in electrical installation and maintenance, in particular for big projects of shopping centres and supermarkets. As part of its strategic plan the Group decided to sell Fauché Polska, the only entity of the Group based abroad in order to pursue its development on the French territory, both in terms of organic and external growth. Supported by Parquest Capital since the end of 2017 the Fauché Group intends to reinforce its presence in the higher value-added trades, namely maintenance, low voltage, industrial processes and automation, communication networks and to increase its national coverage by several local acquisitions.

Patrick Zmirou, CEO of Fauché Group says: “The sale of Fauché Polska in the beginning of was supposed to meet two objectives which would allow to find a balanced solution for the Group, for the Polish subsidiary and managers/buyers: on the one hand, the accompanied transition with the management in place and on the other hand, meeting the precise deadline for completion. Mazars teams have perfectly accomplished the task entrusted to them, in particular in the role of facilitator for us and by supporting and instructing the management buying out the company”.

Main contributors:

  • Financial Advisory M&A: Mazars Poland (Jan Fido, Adam Zohry); Mazars Corporate Finance Paris (Stéphane Pithois, Valentin Desdoits)
  • Legal Advisory M&A: Copernic Avocats (Lucien Peczynski, Łukasz Głuszczuk)

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