Audice Environnement has successfully transitioned to new management under Gonzague Gru, with support from notable investors, reflecting a strategic move towards enhancing its innovative waste management solutions in the burgeoning French industry.

Information on the Target

Founded in 2005, Audice Environnement specializes in offering tailored and innovative solutions for the delegated management of industrial waste. The company also provides a unique recycling service for PET waste that is typically not processed by traditional recyclers. With a revenue of approximately €6 million, Audice plays a significant role in enhancing the carbon footprint of its clients by emphasizing recycling and the reuse of industrial waste.

The transaction entails the sale of a majority stake in Audice to Gonzague Gru, supported by IRD Invest, Finorpa, and Sopromec Participations. Gru will be joined by Damien Rigolle, an existing shareholder. This management buy-in management buy-out (BIMBO) aligns with the gradual transfer of ownership initiated in 2017 by Jean Christophe Lateur, the founder of Audice, with the acquisition process guided by Septentrion Finance at that time.

Industry Overview in France

The industrial waste management sector in France has witnessed significant growth due to rising environmental concerns and regulatory frameworks aimed at promoting sust