{"id":59006,"date":"2026-07-30T11:07:23","date_gmt":"2026-07-30T09:07:23","guid":{"rendered":"https:\/\/editing.capitalmind.com\/?post_type=deals&p=59006"},"modified":"2026-07-30T16:18:39","modified_gmt":"2026-07-30T14:18:39","slug":"secondary-lbo-of-face-group-backed-by-montefiore-investment","status":"publish","type":"deals","link":"https:\/\/www.investec.com\/advisory\/deals\/secondary-lbo-of-face-group-backed-by-montefiore-investment\/","title":{"rendered":"Secondary LBO of Face Group backed by Montefiore Investment"},"content":{"rendered":"\n

Investec has advised Hivest Capital Partners and the management team of Face Group on a secondary LBO backed by<\/strong> Montefiore Investment<\/strong><\/p>\n\n\n\n

About the deal<\/h2>\n\n\n\n

Founded in 1979, Face is a leading French provider of multi-technical works and services dedicated to the performance and decarbonisation of professional buildings. Historically specialised in waterproofing, roofing, insulation and cladding for steel-frame buildings, the Group has progressively expanded its offering to address both new-build and renovation projects.<\/p>\n\n\n\n

Through a nationwide network of 31 subsidiaries and branches, Face provides an integrated offering combining high-performance insulated building envelopes, energy-efficient systems and maintenance services. Over recent years, the Group has notably strengthened its capabilities in renovation, photovoltaic solutions and electrical engineering, supporting its ambition to become a leading partner for the energy performance of professional buildings.<\/p>\n\n\n\n

Backed by Hivest Capital Partners since 2021 and supported by a strengthened management team since 2023, Face has accelerated its transformation and completed five acquisitions, broadening its service offering and reinforcing its national coverage. In 2025, the Group employed more than 820 people and generated close to \u20ac400 million of revenue.<\/p>\n\n\n\n

Following a competitive process led by Investec, Montefiore Investment emerged as the preferred partner to support Face\u2019s next phase of development. Montefiore becomes the Group\u2019s majority shareholder alongside the management team and employees, who significantly reinvest in the transaction.<\/p>\n\n\n\n

With Montefiore\u2019s support, Face intends to accelerate the development of its renovation, maintenance, photovoltaic and electrical engineering activities, further leverage synergies across its business lines, densify its territorial footprint and pursue targeted acquisitions in a fragmented market.<\/p>\n\n\n\n

Our role<\/h2>\n\n\n\n

Investec advised the shareholders throughout the buy-out process:<\/p>\n\n\n\n

    \n
  • Designing the equity story<\/li>\n\n\n\n
  • Preparing marketing materials<\/li>\n\n\n\n
  • Reviewing the business plan<\/li>\n\n\n\n
  • Identifying and selecting relevant financial investors<\/li>\n\n\n\n
  • Coaching the management team<\/li>\n\n\n\n
  • Coordinating vendor and buyer due diligences<\/li>\n\n\n\n
  • Organising a competitive process<\/li>\n\n\n\n
  • Participating in final negotiations to optimize the terms and conditions<\/li>\n<\/ul>\n\n\n
    \n
    \n
    \n
    \n \"\"\n <\/div>\n \n
    \n \u201c\u201d<\/span>\n\n

    Investec guided us through the process with great clarity and professionalism, demonstrating a perfect command of the sale process, strong tactical insight, and a highly valued, supportive hands-on approach.<\/p>\n<\/div> \n\n – Nicolas Petit, President & CEO, FACE Group<\/cite>\n <\/blockquote>\n <\/div>\n <\/div>\n<\/section>\n\n\n\n

    About Hivest Capital Partners<\/strong>

    Hivest Capital Partners is an independent French private equity firm that invests in SMEs or mid-cap companies\u00a0with a turnover between \u20ac50m and \u20ac500m, in the context of buyout or capital expansion projects. Hivest Capital\u2019s objective is to help companies reach their full potential by implementing ambitious growth strategies and improving operational performance.<\/p>\n\n\n\n

    About Montefiore Investment<\/strong>

    Founded in 2005, Montefiore Investment is a French private equity firm specialised in supporting SMEs and mid-sized companies, with a strong expertise in services.<\/p>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    Investec has advised Hivest Capital Partners and the management team of Face Group on a secondary LBO backed by Montefiore…<\/p>\n","protected":false},"featured_media":0,"template":"","dt":[],"sector":[26,16920],"dealtype":[37,33],"clienttype":[38],"class_list":["post-59006","deals","type-deals","status-publish","hentry","sector-business-services","sector-energy-infrastructure","dealtype-lbo","dealtype-sell-your-business","clienttype-financial-investors"],"acf":[],"yoast_head":"\nSecondary LBO of Face Group backed by Montefiore Investment | Investec Business Advisory<\/title>\n<meta name=\"description\" content=\"Investec has advised the shareholders of Face on the disposal of a majority stake to Montefiore Investment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investec.com\/advisory\/deals\/secondary-lbo-of-face-group-backed-by-montefiore-investment\/\" 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