(Reuters) - Private equity firm CAPZA said on Friday that it had agreed to buy a minority stake for an undisclosed sum in DI Environnement, a French company specialising in environmental clean-up
CAPZA Acquires Minority Stake in French Environmental Firm DI Environnement
(Reuters) - Private equity firm CAPZA said on Friday that it had agreed to buy a minority stake for an undisclosed sum in DI Environnement, a French company specialising in environmental clean-up services such as removing hazardous material.
WHY IT'S IMPORTANT
CAPZA's acquisition highlights the potential growth in this sector as companies seek to develop buildings that use less energy and as governments try and clean up the environment.
Consultancy firm Precedence Research forecasts that the global environmental consulting services market will increase to about $92.85 billion by 2034 from $46.67 billion in 2025.
KEY QUOTES
"We are pleased to welcome the CAPZA team on board as we embark on the next chapter of our growth journey. CAPZA's deep expertise and proven track record will be instrumental in accelerating our expansion and driving market consolidation. Together, we are confident in our ability to deliver sustainable growth and reinforce our position as the leading French player in de-pollution services," said DI Environnement CEO Hugo Rosati.
BY THE NUMBERS
DI Environnement had 2024 revenues of 110 million euros ($128 million).
CAPZA's website says the company - which is part of AXA IM Alts - has around 9.1 billion euros ($10.6 billion) of assets.
($1 = 0.8592 euros)
(Reporting by Sudip Kar-Gupta; Editing by Mark Potter)
