LBO France has acquired a majority stake in E.R.E, a key player in France's energy sector, aiming to support the company's growth in high-voltage transformer substation manufacturing amidst a dynamic energy transition market.

Target Information

LBO France, a leading multi-specialist investment platform and pioneer in private equity, has announced the acquisition of a majority stake in E.R.E (Entreprise Redonnaise d’Électricité), a significant player in the energy sector in France. E.R.E specializes in the design and manufacturing of high-voltage transformer substations (HTA/BT). This transaction marks a pivotal growth stage for E.R.E in a particularly promising market. Capelia, the principal shareholder since 2022, retains a significant minority stake alongside the management team led by Ludovic Bianchi.

As a key contributor to the energy transition in France, E.R.E is based in Brittany and is one of the few market players proficient in manufacturing ENEDIS-certified HTA/BT substations. The company boasts a design office and two industrial sites in Ille-et-Vilaine and Northern France, engaging in the design, manufacture, installation, and maintenance of substations. Their turnkey solutions leverage dual expertise in the fields of electricity and civil engineering, catering primarily to private market needs.

Industry Overview in France

The energy sector in France is currently experiencing dynamic growth, driven by strong trends such as renewable energy development and the electrification of transport and industrial uses. The French government has implemented various initiatives to

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LBO France

invested in

E.R.E (Entreprise Redonnaise d’Électricité)

in 2025

in a Buyout deal

Disclosed details

Transaction Size: $16M

Revenue: $30M

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