Sale of CEP Industrie to Engie

Sector(s)
Business Services
Deal type
Carve out / Sell your business
Date
December 2017
Countries involved
France

Client

Bureau Veritas is a global leader in Testing, Inspection and Certification (TIC)

Deal

Capitalmind advised Bureau Veritas on the disposal of its subsidiary CEP Industrie to CSI – Endel, a Engie subsidiary

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Thibault Laroche-Joubert

    Thibault Laroche-Joubert

    Director France

What we did

Capitalmind advised Bureau Veritas during the entire sale process: preparation of marketing materials, anticipation of carve-out topics, making contact with potential buyers, organization of a competitive process, support during the due diligence phase and final negotiations with the buyer.

About the deal

CEP Industrie, a subsidiary of Bureau Veritas, specializes in non-destructive testing services for the nuclear, oil & gas and the aerospace industries. With nearly 200 employees, the company has been in operation for 70 years, providing a wide range of technical skills at its laboratories and on its clients’ sites.

Engie, acquiring CEP Industrie via its subsidiary Endel, gives birth to a French leader in the non-destructive testing and inspection market. Moreover, this acquisition provides Engie with scope for growth – important new prospects in a key sector, to tap further development and technical innovation for the years to come. The deal also strengthens its territorial network.

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