Amundi Private Equity Funds (Amundi PEF), a key player in private equity, and Entrepreneur Venture announce they have acquired a minority stake in Greenoffice, a designer of innovative solutions for selective sorting, to support its international development.
Since its creation in 2004, Greenoffice has revolutionised selective sorting by designing innovative solutions that stand out by their attractive design, extreme simplicity of use and, more recently, integrated connectivity. The results are very convincing: sorting quality of close to 100% and productivity gains allowing businesses to lower their waste management costs by at least 25% and restaurants to significantly reduce waste. Driven by its two historic leaders, Malik Sersar and Michel Vincent, the Greenoffice group has experienced rapid growth, first in France, then abroad, and is currently present in the offices or restaurants of several hundred leading global companies seeking an attractive, powerful, well-tried sorting approach.
Thanks to its expertise in supporting developing companies by contributing its extensive international business network and architecture, Amundi PEF will help the Greenoffice group take another step forward in its development. Over and above accelerating its international growth, notably by setting up in the United States, Greenoffice has resolutely technological, data-oriented ambitions. The objective is to finalise the development of a new generation of “smart” collection stations that will be capable of transmitting information such as the filling level, the amount of waste sorted, or the time required for emptying operations, leading to better waste management and greater operational savings. These data are key elements for private and public organisations seeking to measure the effectiveness of the decisions taken and enhance their environmental engagement.
Malik Sersar, Chairman and co-founder of Greenoffice, says: “Our strategy is consistent with an underlying trend, both economic and social: growing environmental awareness among companies. Our ambition is to bring them innovative, efficient and effective solutions to enhance their eco-citizen approach, optimise selective sorting and achieve operational savings. Greenoffice is already present in a dozen countries. Today, our ambition is to enter the North American market, most likely by external growth. US companies are extremely interested in value-added selective sorting solutions. Greenoffice also seeks to capitalise on Amundi’s international reputation and network to become a reference brand.”
Michel Vincent, CEO and co-founder of Greenoffice, adds: “We have built our business model on widely anticipating the growing role played by ‘voluntary contribution’ in the environmental strategy of economic stakeholders. This phenomenon has become a global trend. With Amundi and Entrepreneur Venture’s acquisition of a stake in our company, we will have the means to pursue our ambitions. We are proud to have the support of these two reference institutional shareholders as we move on to this new stage, focusing strongly on international development.”
Amar Douhane, Partner, Amundi PEF: “We were very impressed by the visionary and creative approach of the management team, which successfully developed solutions adapted to new corporate cultures, new societal issues and regulatory requirements. By contributing to disseminating an eco-responsible citizen approach within companies, Greenoffice promotes values that are an integral part of Amundi’s DNA.”
Bertrand Folliet, Partner, Entrepreneur Venture: “Building on underlying trends in selective sorting, Greenoffice has the best strategic and human assets to become the leading player in a market that is full of opportunities for development and consolidation.”
Amundi Private Equity Funds (Amar Douhane)
Entrepreneur Venture (Théophile Basser, Bertrand Meunier, Bertrand Folliet)
Advisers to the Company:
Financial adviser: N Finance (Maxime Dugast, Guy Cohen)
Legal adviser: Cabinet Jean-Marc Bidon et Associés (Amélie Forestier-Caillaud)
Advisers to the Investors:
Legal advisersLamartine Conseil (Florence Savouré, Laura Smyrliadis)
Legal due diligence: Lamartine Conseil (Florence Savouré, Laura Smyrliadis)
Social due diligence: Lamartine Conseil (Charlotte Moreau)
Tax due diligence: Lamartine Conseil (Victoire Blanc)
Financial due diligence: ACA Nexia (François Mahé, Adrien Bauwens)
With more than €6.1 billion in assets under management (at 31 March 2017), Amundi Private Equity Funds offers its retail and institutional clients a wide range of products tailored to their needs. Clients can invest in two types of products: direct funds dedicated to acquiring direct holdings in non-listed companies (in development and transfer phases), and funds of funds dedicated to investing in private equity, private debt and infrastructure funds. Amundi PEF supports companies in development and transmission stages. Amundi PEF is an authorized management company fully-owned by Amundi.
Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally.
Thanks to the integration of Pioneer Investments, it now manages over 1.4 trillion euros of assets across six main investment hubs. Amundi offers its clients in Europe, Asia-Pacific, the Middle-East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. With its global headquarters in Paris and a listing on the stock exchange since November 2015, Amundi is the largest asset manager in Europe and the 5th largest worldwide in terms of market capitalisation.
With a large scope, Amundi offers its clients a wide range of tools and services. With its unique research capacity and its 5,000 talented employees and market experts based in 37 countries, Amundi offers private, institutional and corporate investors wealth management solutions and innovative investment opportunities tailored to their needs, return objectives and risk profiles.
- Source : IPE « Top 400 asset managers » published in June 2017 based on AUM in December 2016.
- Amundi figures as of September 30, 2017
- Management Plateformes : Boston, Dublin, Londres, Milan, Paris et Tokyo
- Market Capitalisation as at 30 April 2017
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Amundi, the leading European asset manager, ranking among the top 10 global players, offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets.
With its six international investment hubs, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
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