Septentrion Finance has successfully executed the sale of the Spacing Group, a leader in office space development, to Nicolas Florentz and Laurent Guestin, marking a pivotal transition towards sustainable growth.

Information on the Target

The Spacing Group, a leading company in office space development, has undergone a management buyout (LBO) nearly seven years ago. Under the leadership of its shareholder and CEO, Xavier Richard, the company has achieved approximately €20 million in revenue. Following significant growth in both operational performance and quality of processes, including structuring, management, and service quality, Richard has decided to transition the company to a new ownership group capable of continuing its development in the upcoming years.

The decision to pass the baton comes after a successful tenure, during which Richard acquired the Spacing Group from Marc-Antoine Verhaeghe and Francis Deflandres in 2017. He has now chosen a pair of successors, Nicolas Florentz and Laurent Guestin, who are expected to navigate the company through its next growth stages.

Industry Overview

The office space industry in France has seen a dynamic transformation over recent years, influenced by a shift towards flexible working environments and the increasing importance of sustainability. As remote work becomes more commonplace