mynth
← DATABASE
01/2008

MANAGEMENT & PRIVATE INVESTORS & DENTRESSANGLE take majority stake in OGIC

FRANCE Real Estate Services / Development / Residential Dev REV €150–250M

Context

Jean Diaz took back control of Ogic, the French property developer, raising his stake from 30% to 50% of the capital, with Financière Norbert Dentressangle, the investment holding of the Dentressangle family, acquiring the balance. The Spanish developer Grupo Lar sold out entirely, having bought 70% of the company in April 2006, when it ranked seventh among Spanish developers. Jean Diaz had himself acquired Ogic in 1989. At the time of the transaction, Ogic stood twentieth among French developers, with a business volume of €150–250M split evenly between housing and commercial property. Grupo Lar sold as it faced difficulties on its domestic market and anticipated a downturn in France. For Financière Norbert Dentressangle, the investment opened property development as a new field.

Target

Founded in 1966 by René Fillion under the name Office Général de l’Immobilier et Construction, Ogic develops property. It buys land or existing buildings, designs the programmes to be built on them, obtains the permits, has the works carried out and sells the finished units. Its programmes cover housing, offices and business premises, urban development schemes and serviced residences, through new construction as well as the conversion of existing buildings. Its customers are private buyers and local authorities for housing, and companies and investors for commercial property. The company operates in the Paris region, Provence-Alpes-Côte d’Azur and Haute-Savoie, and is headquartered in France.

Ent. Value

€150–250M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2008
€150–250M
[members only]
[members only]
2007
€150–250M
[members only]
[members only]

Similar deals in Real Estate Services

Similar deals in Real Estate Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2026BROOKFIELD / GICNATIONAL STORAGEAUSTRALIAProperty Management
05/2026OCÉAN PARTICIPATIONSGROUPE SPATIOFRANCEArchitecture & Engineering
03/2026ROYAL BAM GROUPGEBROEDERS BLOKLANDNETHERLANDSResidential Dev
03/2026Public StorageNATIONAL STORAGE AFFILIATESUNITED STATESProperty Management
01/2026TRITON PARTNERSFORMICONGERMANYArchitecture & Engineering
11/2025Horizon CapitalLANPROUNITED KINGDOMArchitecture & Engineering
08/2024CVC / FIDELIOODEVOSWEDENProperty Management
04/2024BRIDGEPOINTEVORIELFRANCEProperty Management
12/2020SBB NORDENOFFENTLIGA HUSSWEDENCommercial Dev
10/2017ARDIANBABEAU SEGUINFRANCEResidential Dev

REFERENCES

Revenue range: €150–250M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of OGIC by MANAGEMENT & PRIVATE INVESTORS / DENTRESSANGLE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: ogic

Acquirer: dentressangle