"We are very pleased to make a new investment in France, in a very dynamic group with strong market positions. Evariste has a strong entrepreneurial spirit and will continue to act as a magnet for local family businesses that wish to join a dynamic federation of service providers committed to preserving the autonomy of its members," Luxempart managing director Olaf Kordes said in a statement announcing the Luxembourg investment.
Luxempart has taken over the shares that Montefiore had held since the end of 2013 in this conglomerate of French small and medium-sized enterprises.
Still headed by its founder, François Lavallée, Evariste achieved a turnover of more than €8m last year, with strong growth over the past two years. The group comprises 90 companies with a total of 4,000 employees.
This story was first published in French on Paperjam. It has been translated and edited for Delano.