M&A Deal Summary

CNP Acquires ECT

On October 11, 2022, family office CNP acquired environmental company ECT from Chequers Capital

Acquisition Highlights
  • This is CNP’s 1st transaction in the Environmental sector.
  • This is CNP’s 4th transaction in France.

M&A Deal Summary

Date 2022-10-11
Target ECT
Sector Environmental
Buyer(s) CNP
Sellers(s) Chequers Capital
Deal Type Secondary Buyout

Target

ECT

Villeneuve-sous-Dammartin, France
ECT engages in the management of inert construction waste (earth and rubble) across numerous sites around the Paris metropolitan area. The company has been providing its clients in earthworks and construction companies with a wide range of services: excavation management, clean-up, storage, development of green spaces, material, and quarry waste recycling, and reconstitution of agricultural land. ECT was founded in 2007 and is based in Villeneuve-sous-Dammartin, France.

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Buyer(S) 1

Buyer

CNP

Investor Investor Investor Investor


Category Family Office
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Compagnie Nationale à Portefeuille is a family-backed investment firm focused on investing directly in public and private companies throughout Europe. Compagnie Nationale à Portefeuille is headquartered in Loverval, Belgium.


DEAL STATS #
Overall 6 of 8
Sector: Environmental M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: France M&A 4 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 M6 Group

Neuilly-sur-seine, France

M6 Group provides a range of programs, products, and services on various media. M6 Group was founded in 1986 and is based in Neuilly-sur-Seine, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Cleeven

Basel, France

Cleeven is an Engineering, R&D and IT consulting group with more than 600 consultants and 8 subsidiaries located in France, Switzerland and Sweden. The company brings its clients its know-how in terms of innovation and R&D in a wide range of sectors: energy, services & banking, aerospace & defense, transportation, pharmaceuticals & chemicals, as well as IT & Telecoms. Cleeven was founded in 2015 and is based in Basel, France.

Buy -

Seller(S) 1

SELLER

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium, and large-sized companies in partnership with management. Chequers primarily seek opportunities in France, Germany, Italy, Benelux, Switzerland, and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris, France.


DEAL STATS #
Overall 20 of 25
Sector: Environmental M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 17
Country: France M&A 8 of 10
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 Somacis

Castelfidardo, Italy

Somacis focuses on designing and manufacturing highly engineered Printed Circuit Boards (PCBs), targeting advanced technological applications across several end markets including aerospace & defense, telecom infrastructure, industrials, IT, automotive/EV, and medical devices. The company boasts a synergetic global production footprint with five manufacturing facilities across Italy (Castelfidardo, Manfredonia), the UK (Devon), the US (Poway, CA), and China (Dongguan). It leverages an integrated business model strategically designed to position itself as a worldwide one-stop-shop platform matching its global customers’ highest technology, quality, and service standards. Somacis was founded in 1972 and is based in Castelfidardo, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-16 Riri

Mendrisio, Switzerland

Riri is a manufacturer of zippers and buttons for the luxury and accessories industry. It offers zippers, jeans buttons, press snaps and buttons, rivets, clips, technical products, tape colors, and puller design solutions, as well as systems for the opening and closure of garments. Riri was established in 1936 and is based in Mendrisio, Switzerland.

Sell -