EMZ Partners, Tikehau Capital, Société Générale Capital Partenaires, IDIA Capital Investissement and SOCADIF completed the acquisition of Spie batignoles from Ardian and Tikehau Capital for $216m.

MZ Partners, Tikehau Capital, Société Générale Capital Partenaires, IDIA Capital Investissement and SOCADIF completed the acquisition of Spie batignoles from Ardian and Tikehau Capital for $216m, alongside the management team. Spie batignolles is France's leading independent building company. It operates in six fields: construction, civil engineering and foundations, energy, public works, real estate and concessions. The group has stood out for its partnership approach to major projects alongside other industry leaders. Spie batignolles operates in 170 locations in France and nine internationally. The Group employs more than 7000 people and its turnover in 2018 was €2bn. "Our Group is entering a new stage of development with a strategic plan in place, that takes us up to 2022. The transformation of our ways of working, informed by our innovative and unique approach, demonstrates our focus on creating value that we can share with our employees, clients and partners. The commitment shown by our new investors is testament to their confidence in the quality of the Group," Jean-Charles Robin, Spie batignolles President.