The Paris Private Equity team is advising Industries and Finance ("IFP") on its exclusive negotiations to sell Groupe Claire to Gimv, a European investment company. Groupe Claire aims to rely on the support of its new shareholder Gimv to expand in Northern Europe and develop innovative technologies, thereby confirming its position as a leading player in equipment and solutions dedicated to the efficiency of drinking water networks, in France and abroad. Financial terms were not disclosed.
A spin-off of Veolia, Groupe Claire is a major player in the field of water distribution network equipment. The Group designs, develops and supplies equipment for metering, connecting and monitoring drinking water networks.
Industries and Finance ("IFP”) is an independent private equity firm dedicated to the sectoral consolidation of SMEs (Buy and Build or Build-up). Combining industrial experience and financial skills, IFP takes majority stakes in the capital of unlisted companies, which it accompanies as a partner of the management teams in a pro-active strategy of sectoral consolidation.
The Goodwin team included counsel David Diamant.
For additional details on the sale, please read the press release.