Engie was advised by Capstan Capital’s Swiss team on add-on acquisitions.
Engie, France’s second largest utility company offering perhaps the most advanced range of industrial sustainable and renewable energy products in the country is also a significant consolidation force in the technical facility management (TFM) sector. Developing the most advanced capabilities in TFM seems only a logical growth strategy for utility groups seeking to integrate downstream energy efficiency and sustainability into their service offering. Competition in the European consolidation play comes mostly from major facility management groups, such as the German Dussmann Group or the Italian Manutencoop (which were both advised by Capstan in the past as well) whilst financial investors emerge rather opportunistically.