CAPZA has entered into exclusive negotiations to sell its stake in Eurofeu to IK Partners. Additionally, it will be reinvesting as a minority shareholder to support the management in the new transaction.

Founded in 1972 in Senonches (Eure-et-Loir, France), Eurofeu is one of the French leaders in the fire safety market. Eurofeu manufactures, markets, installs and maintains fire safety equipment, such as extinguishers, emergency units, fire detection and smoke extraction systems. With over 4 million fire safety units and its maintenance business, Eurofeu enjoys a high level of sales recurrence.

 
Eurofeu employs around 1,850 people at its two production sites and has a network 42 agencies spread across the country.
 
In July 2020, Eric Hentgès joined the group and CAPZA acquired a majority stake alongside the management team. Over the past four years, Eurofeu has experienced significant growth, driven by strong organic growth and 9 successful acquisitions. The Group has consolidated its positions in the extinguishers market (notably with the acquisition of Isogard in December 2021) and has expanded into fire detection systems by acquiring AMI2S in July 2022.

IK Partners and CAPZA will support Eurofeu’s management in its growth strategy. The company plans to leverage its branch network, sales force and IT tools, which have been modernized over the past 4 years, to drive growth. With the backing of its shareholders, Eurofeu will pursue an external growth strategy to strengthen its existing businesses in France and expand into new European markets.

“Since July 2020, I have been extremely proud of the progress we have made towards becoming a leading player in the French fire protection market. With CAPZA’s backing, we have been able to accelerate organic growth, and lead an active M&A strategy, allowing to expand geographically and broaden our offering to include equipment with more complex capabilities. We would like to thank CAPZA for their support thus far and look forward to partnering with IK and leveraging their pan-European platform.” – Eric Hentgès, Chairman of Eurofeu

“The partnership with Eric Hentgès and the extended Eurofeu team has been a fantastic adventure. We are delighted by the Company’s journey since our investment in 2020, as it became a leading player in the French fire safety market. We are excited to support the Company for its next chapter of growth and I look forward to partnering with IK and the management team.” – Fabien Bernez, Partner, CAPZA Flex Equity

Completion of the transaction is subject to legal and regulatory approvals.