Groupe Vigier organizes its transfer with the support of Nov Relance Impact, managed by Turenne Groupe

Founded in 1947, Groupe Vigier, a specialist in metal construction for commercial buildings and industrial civil engineering, is entering a new, structuring phase in its history with the support of Turenne Groupe.

Turenne Groupe, via the Nov Relance Impact Fund, is assisting Groupe Vigier Entreprises in its capital transfer by enabling the exit of the historical family shareholders in favor of the two operational managers in place for over 20 years – Sébastien Frouin and Gregory Saerens – who become the majority shareholders.

This primary MBO operation also aims to involve a new generation of managers in the capital and to accelerate the CSR transformation already underway for several years, notably by setting up a mechanism for sharing the creation of value for the benefit of all employees.

A regional player in the Nouvelle Aquitaine region, the Périgord-based group is a recognized player in the construction of civil engineering structures and professional and industrial buildings, as well as in the prefabrication of concrete elements and special works. The group generated sales of over 57 million euros in 2022 and employs nearly 230 people.

Thanks to its know-how in a highly dynamic basin, the Vigier Group has recorded significant growth in recent years. Strengthening its position as a general contractor will enable it to consolidate this growth.

The capital backing provided by Nov Relance Impact will also give the company the means to accelerate its targeted acquisition strategy, in order to extend its territorial coverage and range of activities.

Having joined the Group as employees 25 years ago, we became shareholders in 2007 and took over as Chairman in 2016, while continuing to increase our shareholding. Over the years, we have worked with our colleagues to develop the Group by creating new activities and buying out existing companies. The shared determination of Pierre and Jean VIGIER and our development strategy led us to look for a partner to enable their exit.

Having been committed to a CSR approach for several years already, we felt that joining forces with Turenne was the best option for continuing and structuring our development, which is resolutely focused on people. We are delighted with this new association, which will enable us to write the next pages in the history of the Vigier Group.

Sébastien Frouin and Grégory Saerens, Presidents of Groupe Vigier

The development project led by the two Managing Directors and their executives appealed to us because of its resolutely committed and shared ambition. The support provided for the handover to management and the value-sharing system that will be set up in the context of this operation, combined with existing CSR initiatives and the values espoused by the group’s management, are totally in line with the investment thesis of the Nov Relance Impact Fund. We are extremely enthusiastic about the idea of accompanying the Vigier Group’s management and employees in this new phase.

Alexandre Joubert, Investment Director Turenne Groupe