Paris, March 19, 2024 – Greenoffice, the specialist in selective sorting solutions for work and social living spaces, announces a funding round of more than 20 million euros marking the entry into the capital of NextStage AM, in alongside Entrepreneur Invest and Isatis Capital, the group's historic shareholder. With this new operation, Greenoffice intends to strengthen its national and international presence, accelerate the development of its digital offering and provide, through acquisition, other CSR services to its clients.
Greenoffice's mission is to help companies sort more efficiently to reduce their waste and put an end to waste. It offers a global approach ranging from site audits to the provision of sorting solutions that perfectly meet CSR requirements. In a context marked by tightening regulations, to which are added the growing commitment of companies to sustainable development and the strong demand from the younger generation to have workspaces that are more respectful of the planet, Greenoffice is the 'one of the only companies to offer a positive response to all of these issues and to intervene across the entire value chain, from the design of solutions to the measurement of their impact
Created in 2004 by Malik Sersar and Michel Vincent, Greenoffice quickly established itself as the benchmark supplier of selective sorting solutions for offices. The company, which employs more than 40 people, manufactures most of its products in France. Based in Levallois-Perret, it has 2 sites (Alençon and La Rochelle), as well as offices in Switzerland and Germany. Its turnover is estimated at around 15 million euros in 2023.
The recognized seriousness and quality of its offering allows it to have a very high number of loyal and demanding customers such as L'Oréal, Sodexo, Amazon and Nespresso. If today Greenoffice is one of the main suppliers to CAC40 and SBF 120 companies, the company equips entities as different as the European Parliament, the Elysée, Roland Garros, large school campuses, without forgetting the SMEs or mid-sized companies, with the same objective: helping them improve their environmental impact while providing positive effects on their social and economic issues.
For 3 years, the company has focused on the development of IT solutions integrating data intelligence allowing real-time monitoring of KPIs. This innovative digital offering enables customers to make data-driven decisions that lead to more efficient operations and more sustainable results.
This new fundraising marks a new stage in the development of the company. This operation takes place on the occasion of the exit of the shareholder Amundi Private Equity Funds, and makes it possible to form a new round of funding around NextStage AM, through the Championnes III and Capital Entrepreneur II funds, of Entrepreneur Invest (shareholder of the group between 2017 and 2019) and Isatis Capital who wanted to continue supporting the group.
It will enable the Greenoffice group, led by its founder Malik Sersar, to continue its growth by strengthening its national network, by expanding further internationally to support its European clients in the deployment of their CSR strategy. The operation also aims to strengthen the integration of new digital solutions and to carry out an ambitious external growth program with the aim of providing other services with environmental values to its customers.
“NextStage AM and Entrepreneur Invest very quickly understood the value proposition of our offer as well as the challenges we face. We are also very grateful to Isatis Capital, our historic shareholder, for their renewed trust. Thanks to this new operation, we will be able to significantly accelerate the development of our international offering, as well as continue the integration of innovation and digital that we have been developing since 2017 within our solutions,” declares Malik Sersar, Co-founder and President of Greenoffice.
“We are very happy to support Malik in this new stage of industrialization and internationalization of its offer. We are convinced that Greenoffice has differentiated itself and is perfectly positioned to meet the growing impact challenges of national and international companies. This operation anchors the acceleration of NextStage AM in the challenges of environmental innovation and is the reflection of a strategy centered around certain priority investment areas,” explains Nicolas de Saint Etienne, Deputy Managing Director at Nextstage AM.
“The Greenoffice group’s capacity for innovation continues to impress us. Their commitment to evolving the offering to adapt to customer needs and offering new growth prospects convinced us once again to support Malik and his teams, after our first joint adventure from 2017 to 2019. We We are happy to be at their side to help them achieve the group's great ambitions,” declares Bertrand Folliet, Managing Director at Entrepreneur Invest.
“We are very happy to continue our support within the Greenoffice group. We believe that the company has positioned itself well in recent years to be able to significantly accelerate its growth through its ambitious development plan,” declares Laurent Baudino, Associate Director at Isatis Capital.
Actors of the operation:
Investors:
NextStage AM: Nicolas de Saint Etienne (Deputy General Manager), Léa Boux (Business Manager), Gaëtan Leenhardt (Business Manager)
Invest Entrepreneur: Bertrand Folliet (Associate Director), Theophile Basser (Associate – Investment Director)
Isatis Capital: Laurent Baudino (Associate Director), Yonathan Elmalem (Associate Director), Nicolas Bugy (Associate Manager)
Amundi Private Equity Funds: Romain Rouge (Investment Director), Théo Quinsac (Affairs Manager)
Investor Tips:
Investor advisory lawyers & Legal, Tax and Social DD: Nova (Olivier Nett, Erwan Savoia, Marvin Nasri)
Strategic DD: Advention (Etienne Pithois, Iska Pivois)
Financial DD: Mazars (Pierre Tchertoff, Tom Geerlandt)
Commercial DD: FireBold Consulting (Frank Bossel)
DD ESG: Better Way (Elodie Nocquet)
Advice from entrepreneurs and transferors:
M&A advice: NFinance (Maxime Dugast, Mickaël Liccardi)
PRM Expert and Consulting Firm (Jerome Rubin)
Lawyers advising entrepreneurs and transferors: ACD Avocats (Amélie Forestier-Caillaud)
About Greenoffice:
Founded by Malik Sersar and Michel Vincent, the Greenoffice group was founded in 2004 and specializes in the design, assembly and distribution of sorting solutions for professionals (large accounts, local authorities and SMEs). With nearly 15 million euros in turnover in 2023, Greenoffice is today a key player in the waste sorting solutions market, offering a premium and innovative offer. To do this, the company relies in particular on designer products and IoT technologies developed internally in order to respond to the CSR challenges faced by companies. Greenoffice supplies 100% of clients on CAC 40.
https://green-office.com/
About NextStage AM:
Independent management company based in Paris, approved by the AMF, NextStage AM, which has cultivated an “entrepreneur-investor” philosophy since its inception in 2002, is one of the pioneers and leaders of innovative and patient development capital in France. NextStage AM has developed step by step, a multi-strategy Private Equity platform which represents, in terms of assets, managed and advised, as of December 31, 2023, directly and indirectly, nearly €8 billion in AUM. NextStage AM invests in a limited number of SMEs and ETIs (82 portfolio companies as of 31/12/2023), French and European, innovative, and growth, to which it provides entrepreneurial investor expertise and strong operational support (integration environmental innovation, talents, international, external growth). NextStage AM provides long-term support to these SMEs & ETIs involved in smart health, environmental innovation and Digital. It gives them the means to accelerate their development and their capacity for innovation to become “Champions” of their markets, both in France and internationally, through organic and/or external growth.
About Entrepreneur Invest:
Created in 2000, Entrepreneur Invest is an independent management company approved by the AMF, specializing in unlisted assets. It manages funds in the field of SME financing, real estate and funds of funds for which it ensures the management, structuring and rigorous selection of partners.
Entrepreneur Invest is founded and managed by entrepreneurs who have successfully experienced the different stages of business life: creation, development, turnaround, sale or IPO.
A major player in financing French companies with €1,7 billion collected, Entrepreneur Invest has carried out more than 300 investment operations in equity and SME bonds and today supports more than 100 companies in areas of diversified activities: software, industry, media & communication, education, tourism & leisure, B2B services and health.
https://www.entrepreneurinvest.com/
About Isatis Capital:
Isatis Capital is an independent management company, investing in capital for 20 years alongside ambitious entrepreneurs wishing to develop their SMEs. A long-term investor, Isatis Capital takes minority or majority stakes and brings its know-how to support growth. Signatory of the UN and ICi charter, member of the TCFD, Isatis Capital is attentive to compliance with ESG rules in its operation but also in its investment activity. The company has capital under management of 480 million euros spread across several funds dedicated to institutional clients or distributed in private banks and wealth management advisors.
https://isatis-capital.fr/
Press contacts:
Greenoffice: Malik Sersar – msersar@greenoffice.fr
NextStage AM: Ghita Farage – gf@nextstage.com – +33 (0)1 53 93 49 40
Shan Agency: nextstage@shan.fr
Laurence Tovi – 06 20 58 29 02 / Lola Gozlan – 06 24 76 83 40 / Anne-Laure Daulier – 06 28 59 50 38
Entrepreneur Invest: Rumeur Publique Agency / Taline Sarkissian – ei@rumeurpublique.fr – 06 13 36 70 23
Isatis Capital: Laurent Baudino – laurent.baudino@isatis-capital.fr
