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04/2026

FACE GROUP acquired by MONTEFIORE INVESTMENT

FRANCE Construction / Finishing Works REV 250M - 500M EUR

Context

Montefiore Investment has signed an agreement to acquire a majority stake in Face Group, replacing Hivest Capital Partners as the lead shareholder. Hivest, which entered the capital in 2021, is exiting after a five-year period during which the group was professionalized and its revenue grew from 250 million EUR to nearly 400 million EUR. The transaction, managed by Investec and Adviso Partners, was finalized through a competitive bidding process where Montefiore was selected for its deep expertise in energy services and territorial networking. The strategic rationale for the acquisition is to accelerate Face Group’s transformation into a multi-technical powerhouse. Montefiore plans to support the management team, led by President Nicolas Petit, in expanding into HVAC (Heating, Ventilation, and Air Conditioning) and strengthening its presence in the photovoltaic and electrical engineering sectors.

It is worth noting that the fund Hivest Capital Partners took control of Face Group through an LBO in 2021.

FACE GROUP, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

Founded in 1979 as a family business specializing in roofing and cladding, Face Group has transformed into a leading French provider of multi-technical services for building performance and decarbonization. The organization specializes in the "building envelope" (waterproofing, roofing, and siding) as well as renewable energy solutions, including photovoltaic systems and electrical engineering. The entity operates through a network focused on maintenance, renovation, and energy efficiency for professional and industrial buildings. Following strategic acquisitions such as EPC Solaire and LBGE, the group has integrated expertise in solar energy and electrical maintenance. With approximately 820 employees, the firm serves the French real estate market by providing locally-based technical services designed to reduce the carbon footprint of large-scale facilities. The group is currently executing a 2030 strategic plan focused on becoming a comprehensive multi-technical service network across Europe.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2025
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2024
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Other operations with FACE GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
03/2021HIVEST CAPITAL PARTNERSFACE GROUPFRANCEConstruction

Hivest Capital Partners has acquired a majority stake in Face Group in a primary LBO transaction, marking the start of the company's transmission from its founders. The deal followed a competitive process involving both financial and industrial bidders

REFERENCES

Revenue range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FACE GROUP by MONTEFIORE INVESTMENT are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: face group

Acquirer: montefiore investment