Bpifrance-backed Lac1 fund completed the acquisition of a 5% stake in SPIE.

Bpifrance-backed Lac1 fund, a private equity fund, completed the acquisition of a 5% stake in SPIE, a multi-technical services in energy and communications services provider. Financial terms were not disclosed. "We are delighted to welcome the Lac1 fund as a stable and long-term shareholder. Bpifrance's involvement in SPIE's governance will be an important asset for the implementation of our growth and value creation strategy, and we will benefit fully from its teams' multiple skills," Gauthier Louette, SPIE Chairman and CEO.