Weinberg Capital Partners has entered into an agreement to acquire a stake in ProNet Services, a prominent player in the Facility Management sector in French-speaking Switzerland. This marks Weinberg Capital Partners’ first international acquisition, adding to the numerous external growth operations already undertaken by the firm, thereby enhancing its ability to operate beyond France. This investment represents the second transaction for the LBO fund, WCP#4. The transaction is expected to close by the end of September 2024.
Founded in 2003 by its current CEO, Laurent Misbach, ProNet Services has become a reference in the field of recurring cleaning services for buildings and offices, as well as on-demand services for construction sites. Since DECALIA Capital, a Swiss investment firm, became a shareholder in 2018, ProNet Services has significantly accelerated its development, now covering the entirety of French-speaking Switzerland through its six branches. Additionally, the group has diversified its activities within Facility Management, notably through the acquisition of Leatech, a specialist in technical maintenance for buildings and parking facilities, as well as concierge services for buildings and offices.
Weinberg Capital Partners’ investment will enable the group to continue its dynamic growth strategy in French-speaking Switzerland through both organic and external growth, particularly by strengthening the group’s high-value-added services in Facility Management. DECALIA Capital will remain a shareholder in the group following the transaction.
This acquisition, the second for the LBO fund WCP#4, aligns perfectly with Weinberg Capital Partners’ investment criteria and expertise. It represents an operation in the service sector, with a strong “Client Capital” dimension, which is central to the group’s expertise, and a robust “buy and build” strategy in a fragmented market.
Founded in 2005, Weinberg Capital Partners is an independent investment company historically active in buy-out capital, which expanded its field of intervention to real estate assets in 2008, and has been investing since 2015 in the capital of listed French SMEs/mid-caps as a minority shareholder with an active, friendly and long-term approach. In 2020, Weinberg Capital Partners added its capacity to invest in SMEs/mid-caps with a minority strategy focused on sustainable development issues, which offers extra-financial support known as impact, to better prepare companies for environmental and societal challenges. In 2023, Weinberg Capital Partners created a new fund, Eiréné, dedicated to the development of SMEs/mid-caps in the security and defense sector. In 2024, the company continued its growth in private equity with the launch of a co-investment fund, WCP Co-Invest.
With €1,6 billion of assets under management, Weinberg Capital Partners is a significant player in the mid-market equity segment in France.
Weinberg Capital Partners is a signatory of the PRI, a member of the International Climate Initiative and an active responsible investor.
Weinberg Capital Partners supports Télémaque, an association for equal opportunities in education.
For more information: weinbergcapital.com.
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Press
Bérengère Beaujean
Head of Communications
berengere.beaujean@weinbergcapital.com
+ 33 7 85 58 29 73
Investors relations
Alain Biquard
Development and Investor Relations Manager
alain.biquard@weinbergcapital.com
+ 33 7 86 36 90 79
Daphné Smits
Communications Manager
dsm@decalia.com
+41 22 989 89 21
