Natixis Partners advised Montefiore on its investment in Groupe Face, a leading French provider of multi-technical works and services dedicated to the performance and decarbonization of commercial and industrial buildings.

Upon completion of the transaction, Montefiore will become the majority shareholder alongside the management team and all employees, who will significantly reinvest in the business. This new phase is intended to accelerate the Group’s service development, broaden its offering and further strengthen its position as a leading player in its core markets in France. Founded in 1979 by the Torres family, Face has gradually established itself as a leading specialist in waterproofing, insulation, roofing, and cladding for metal-structure buildings in France, serving both new-build projects and the renovation of existing building stock. Through a nationwide network of 31 subsidiaries and branches, Face now offers an integrated platform enabling its clients to benefit from sustainable buildings combining high-performance insulated envelopes, efficient energy systems and maintenance services provided by Face Service Expert. Committed to the energy transition, Face structured a dedicated renewable energy business as early as 2014 through the creation of an engineering office. This platform was further strengthened in 2022 through the acquisition of EPC Solaire, which expanded its photovoltaic offering, and in 2023 with the launch of Face Énergie Solaire. This momentum accelerated further in 2025 with the acquisitions of LBGE Energie and LBGE, the latter specializing in electrical engineering works and maintenance services for commercial and industrial buildings. Through these developments, Face broadened its service offering to support clients across all aspects of building energy performance. Backed by Hivest Capital Partners since 2021 and supported by a renewed management team since 2023, the company has completed five add-on acquisitions in recent years and significantly accelerated its growth, particularly in maintenance, renovation, and photovoltaic solutions. In 2025, Face employs more than 820 people and generates close to €400 million in revenue, confirming its leadership position in the sector in France. Through this investment, Montefiore intends to support Face in a new stage of development, driven by the expansion of its renovation, maintenance, photovoltaic and electrical engineering service lines. With Montefiore’s backing, Face will continue to enhance synergies across its businesses, develop complementary activities, and further densify its territorial footprint, with the ambition of becoming a leading player in the energy performance of commercial and industrial buildings.