Alven Capital has fully divested its stake in ProwebCE to a consortium led by Patrice X. Thiry and Edmond de Rothschild Investment Partners, marking a significant milestone after supporting the company’s growth for over five years.

Information on the Target

ProwebCE is a leading player in the market for communication, management, and social and cultural activities for works councils in France. The company currently supports over 7,000 works councils, including major clients like Cap Gemini, BNP Paribas, and Eurocopter, serving a beneficiary base of more than 5 million individuals.

Since its acquisition of Meyclub in early 2009, ProwebCE has pioneered initiatives that enhance employees' purchasing power, such as launching the first integrated communication and management platform fully connected to an e-commerce portal. This innovative approach includes the introduction of France’s first dematerialized gift voucher system for works councils, tapping into a robust market valued at over €2 billion.

Industry Overview in France

The market for works councils in France is a significant sector, responsible for overseeing employee engagement in various socio-cultural activities. This landscape is supported by a growing emphasis on emp