ERES to acquire a majority stake in M-Energies.

Edmond de Rothschild Equity Strategies IV, an investment fund, agreed to acquire a majority stake in M-Energies, a company specialises in the maintenance, installation and operation of heating and air conditioning systems. Financial terms were not disclosed. "We were particularly impressed by the management team's ability to build essential positions in the markets where M-Energies operates in just 15 years, ensuring largely recurring activities, essential for users and relying on very long-term relationships with its customers," Johnny el Hachem, Edmond de Rothschild Private Equity CEO.