Trocadero Capital Partners is pleased to announce the investment of the Trocadero Croissance & Transmission III fund in Salini Immobilier, alongside its management team and the Salini family.

The family business is firmly positioned in various business real estate businesses, by mastering various aspects (contractor, promotion, development, turnkey renovation, etc.), on behalf of SME / ETI clients and institutional investors. It achieved a 2021 turnover of €56.8 million for an EBITDA of €4.1 million and is moving towards growth of +30% in 2022, proof of a robust model and the capacity of the management team to secure its activity.

Salini Immobilier began diversifying into eco-responsible construction activities in 2019, materialized with the SQUARE concept, and renovation with RENOVIA. Historically present in Ile-de-France through two agencies located in Le Bourget and Les Ulis, Salini Immobilier set up in Lyon in 2019 and in Aix-en Provence at the end of 2021.

In recent years, the eponymous family has gradually moved away from operational management to hand over the reins to its management team. The operation also modifies the governance of Salini Immobilier, now chaired by Serge de Oliveira who until then held the position of Deputy Managing Director. This transition is taking place with the joint support of the Salini family, which is reinvesting significantly, and Trocadero Capital Partners.

The management aims to continue the strong growth dynamic of the company, its strategy based on regional development, as well as the diversification towards new business segments which would make it possible to double the turnover in the next 3 years. Salini Immobilier is also open to external growth, in particular to develop its actions in favor of the climate.

Serge de Oliveira, President of Salini Immobilier, says: “We are very happy to have found in Trocadero a reliable partner to support the development of our activities. We are going to enter a new stage, in particular by seizing the opportunities that will enable us to meet the challenges for the future which constitute, well beyond our deployment throughout the territory, the renovation of the built stock, the decarbonization linked to the activities of our sector and the implementation of an ambitious social policy“.

Stéphane Salini, representing the selling family adds: “After three decades at the head of the family business, we are calmly passing the baton to Serge and his teams who will be able to perpetuate the history of Salini Immobilier. I would like to sincerely thank our employees for their commitment. I would also like to thank the early partners and welcome those who will join the project. The relay is assured and this transmission seems to me to give all its meaning to the actions that had been undertaken since 1965”.

Philippe Bruneau, partner at Trocadero Capital Partners, adds: “We are delighted to support the managerial transition of Salini Immobilier and to participate, alongside the Salini family, in the transfer of the company to a great management team. Serge de Oliveira and his team have a great development project and we are delighted to be able to support them in this succession”.

Find out more about Salini Immobilier: https://www.salini-immobilier.com

 

25
October
2022