Gimv completed the acquisition of a majority stake in Groupe Tibbloc from Ciclad.

Gimv, a European investment company, completed the acquisition of a majority stake in Groupe Tibbloc, a specialist in the rental of turnkey equipment, from Ciclad, a private equity firm. Financial terms were not disclosed. “We are delighted to be able to support Eric Merilhou, Yann Dauce and their team in this next chapter for Tibbloc. The management team has achieved a remarkable track record and has succeeded in creating a key player in its market, capable of addressing the critical needs of its customers, with a DNA combining a sense of service, agility and proximity. We are therefore particularly proud to have convinced Eric, Yann and their team of our capability to support them in this ambitious development project, which is perfectly aligned with the investment strategy of our Sustainable Cities sector platform,” Nicolas de Saint Laon, Gimv Head of France, and François-Xavier Rico, Gimv Principal Sustainable Cities.