Septentrion Finance has advised on 2C Développement’s acquisition of Brillard & Choin
25/03/2022
The Energy division, led by Christophe Coisne, continues to strengthen its position in energy distribution. The group, which sells its products in over thirty countries, is already active in the manufacturing of components for electrical transformers (through Isolectra in Estrées-Deniécourt) and in the production of transformer stations and delivery stations (through SEL Groupe in Merville).
The acquisition of Brillard & Choin will enable the group to add new expertise in the production of Very High Voltage (VHV) and High Voltage (HV) pylons, the construction of substation frameworks, PV canopies, and lattice masts for wind power and telecommunications.
Brillard & Choin will also benefit from the group’s international strength, both to expand exports and to pursue external growth in new geographic markets.
With ongoing strategic monitoring of targeted acquisitions in the energy sector (exclusively electrical), the group immediately recognized the opportunity presented by Septentrion Finance. The shared strategy and values between Christophe Coisne and Christian Tellier, CEO of Brillard & Choin, facilitated the completion of this operation.
Christian Tellier, through his holding company CT Développement, remains a shareholder. He retains General Management of Brillard & Choin and will leverage the group’s resources and expertise under Christophe Coisne’s leadership for further development. The group continues to seek targeted acquisitions in electrical energy distribution and transformation.
Brillard & Choin, a century-old company based in Busigny, is the French leader in High and Very High Voltage electrical pylons. The company enjoys an excellent reputation and works with major energy players such as RTE, Engie, Bouygues Energie Services, OMEXOM, and Eiffage Energie.
Well positioned to address new challenges in energy transport, follow the shifts in decentralized production, and adapt to changing consumption patterns (e-mobility, local renewable energy production, deployment of future EPR and mini-EPR reactors, etc.), Brillard & Choin remains true to its historic strategy: no compromise on production quality and project execution excellence. Its decision to produce 100% in France is a key success factor.
The transaction was completed in March 2022.
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Buy-side advisors:
- M&A: Septentrion Finance (Guillaume Dubois, Rudy Sebbah)
- Legal: Euraconseil (Thierry Wemaere, Sophie Van Ommeslaeghe)
- Due Diligences: Valoxy (Benoit Cattoen, Amaury Bar, Ludovic Tiberghien)