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Omnes Capital exits Emalec stake to management

21 Jan 2014

air-con-3France-headquartered private equity firm Omnes Capital has exited its stake in building systems maintenance and repair business Emalec Développement.

The firm sold its stake to management, which has now regained full control of the company.

Omnes invested in Emalec in 2007 through an owner buyout, before backing four acquisitions and expanding its clients to include Hertz, Swarovski and Thomson Europe.

The company has a turnover of €30m and employs more than 230 staff.

Omnes partner Eric Rey said, “Despite a complex economic environment since 2007, we have been able to keep excellent relations with the company’s management, which allowed us to build a seamless transfer solution after which the management regains full control of the company.”

Paris-based Omnes was bought by UK secondaries investor Coller in March 2012, when Omnes spun out of France’s largest retail banking group Crédit Agricole.

The firm spun out from Coller in January last year as part of the agreed short-term arrangement between the pair.

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