Initiative & Finance “Tomorrow” and Arkéa Capital have taken over the stake held by Turenne Emergence in Ocellis, a French construction materials and works company. The deal closed on March 5, 2024.

AcquirerInitiative & Finance “Tomorrow”, Arkéa Capital
TargetOcellis
Deal ValueUndisclosed
TypeBuyout
Close Date2024-03-05
Sell-side AdvisorsMarcus & Millichap
Legal Buy-side AdvisorsProskauer Rose, Hogan Lovells
Legal Sell-side AdvisorsWillkie Farr & Gallagher

Ocellis has experienced significant growth since Turenne Emergence’s initial investment in 2021. The company has doubled its revenue to over €85 million, with a presence across several major French cities and expertise spanning office space design, installation of HVAC systems, and building management.

Strategic Rationale

The acquisition aims to support Ocellis’ further expansion and diversification into energy-related services. Initiative & Finance “Tomorrow” will assist in scaling the company’s operations nationwide and help it navigate environmental regulations, positioning Ocellis as a leader in sustainable building solutions.

Financial Context

Ocellis' performance has been robust despite challenging conditions for office real estate. The company's diversified client base and wide range of services enable sustained growth ambitions to double its revenue over the next four years.

Advisors

  • Sell-side financial advisor: Marcus & Millichap
  • Buy-side legal advisors: Proskauer Rose, Hogan Lovells
  • Sell-side legal advisor: Willkie Farr & Gallagher