SAVELYS acquired by LATOUR CAPITAL

Latour Capital has completed the acquisition of ENGIE's Home Services business through a corporate carve-out that re-establishes the company as an independent business operating under its historic Savelys brand. The transaction supports ENGIE's strategic portfolio refocusing while providing the carved-out business with the ownership structure, governance and operational autonomy required to pursue its next phase of development. The acquisition is financed through a combination of equity and senior debt, enabling Savelys to operate as a standalone platform with dedicated resources and decision-making capabilities. Under Latour Capital's ownership, the company is expected to accelerate its operational transformation, strengthen its commercial momentum and implement strategic initiatives designed to support long-term growth. The new ownership structure also provides the flexibility to pursue organisational improvements and invest in future development opportunities as an independent business. The transaction is fully aligned with Latour Capital's longstanding expertise in executing complex carve-out investments, where businesses separated from large corporate groups are supported in establishing independent operating models and unlocking their full growth potential. Building on its experience in similar transactions, the firm intends to leverage its operational capabilities to support Savelys throughout its transformation while benefiting from the long-term structural trends driving energy renovation and the adoption of low-carbon heating solutions. Completion of the carve-out marks the beginning of a new chapter focused on operational excellence, sustainable growth and long-term value creation.