WCP IMPACT DEV announces a minority stake investment in Eco Valorisation Group, A key player acting in the sustainable transition of the construction industry
Paris, July 6th, 2022
WCP IMPACT DEV makes its fourth investment with a minority stake investment in Eco Valorisation group, a French player active in the sustainable transition of the construction company and the circular economy.
The group, founded in 2011 by Laurent Laye, who has since been joined by his three children, offers its customers in the construction industry sustainable construction materials through three complementary activities:
- Eco Valorisation: reception and recovery of materials from deconstruction waste (roads and earthworks, mostly inert and polluted soil) ;
- Eco Béton: manufacture and sell ready-mixed concrete (conventional and low-carbon) ;
- Eco Blocs: manufacture and sell 100% recycled concrete blocks intended for rapid and modular construction.
With a total of 85 employees to date, the group has a site in the port of Gennevilliers (located in the suburbs of Paris), a site in Nogent-le-Phaye (located 55 miles from Paris near Chartres) and a mobile site.
The Group aims to open a second site in Gennevilliers, which shall enable it to improve significantly its capacity to treat and extract raw materials from polluted soil, reducing volumes sent to landfills, and supporting the increasing production of low-carbon concrete by Eco Béton through the supply of recycled aggregates.
The decarbonization of the construction industry is a key area for achieving GHG emission reduction targets. With the opening of its second site in Gennevilliers, Eco Valorisation will actively support the necessary sustainable transition of the sector by promoting the reception and the recovery of excavated materials and by increasing its production of low-carbon concrete.
Laurent Laye, President of Eco Valorisation, says: “After having founded and developed Eco Valorisation with my three children, WCP Impact Dev is entering a second phase of development for the Group with the establishment of our next site in Gennevilliers, in collaboration with ADEME, the Île-de-France Region, l’Industrie du futur and Haropa. This new site will significantly improve our capacity to recover construction waste and to offer a new life to materials which are today essentially sent to landfills. We estimate that this site will enable an annual saving of 300,000 tons of natural materials and 27,000 truck rotations, i.e., 6,200 tons less greenhouse gas emissions.”
Sacha Talmon, co-manager of the WCP IMPACT DEV fund, comments: “We are pleased to support Eco Valorisation in this new phase of development alongside an inspiring and committed family management team, which has succeeded in structuring a unique impactful model combining agility and innovation. The Group is responding to the growing expectations of public policies relative to the circular economy and the decarbonization and aims to contribute to the sustainable transition of the construction sector.”
About WCP IMPACT DEV
WCP IMPACT DEV aims to invest in the capital of French companies that positively address environmental and/or societal issues or looking to transition their model towards a more sustainable one. The fund was awarded the "Relance" label by the Ministry of the Economy, Finance and Recovery in November 2020.
Armed with the conviction that the more sustainable a company is, the better it performs economically and financially, WCP IMPACT DEV supports exemplary unlisted, growing, and profitable companies by seeking to reconcile financial performance and positive impact. As a responsible investor, WCP IMPACT DEV donates a significant part of its remuneration to Télémaque, an association under the French law of 1901 which supports deserving schoolchildren from disadvantaged backgrounds.
About Weinberg Capital Partners ("WCP")
Founded in 2005, WCP is an independent investment company historically active in buyout capital. In 2008, it broadened its scope to include real estate assets, and since 2015 has been investing in the capital of French listed SMEs/SMIs as a minority shareholder with an active, friendly and long-term approach. In 2020, WCP added to its capacity to invest in SMEs with a minority strategy focused on sustainable development issues, which offers extra-financial support to better prepare companies for environmental and societal challenges.
With €1.6 billion in assets raised, WCP is a significant player in the mid-market equity segment in France.
WCP is a signatory of the PRI, a member of the International Climate Initiative and an active responsible investor.
Press contact Weinberg Capital Partners
Laurence Roy-Rojo | Partner - Investor Relations
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