Bpifrance supports the transmission and development of the Socopa wood construction group

Founded in 1967, the Socopa Group is a long-standing player in timber frame construction in the single-family home market as well as residential buildings and public and tertiary buildings.

Socopa builds nearly 175 houses per year (mainly in wood) through several brands in France (Maisons Socopa and Maisons Oxeo) and Luxembourg (Tradilux and Maisons Georges Beaumont). Socopa is also developing a very strong activity in the construction of wood-frame buildings with developers or developers for group housing, residences, offices or establishments open to the public.

In order to provide a rapid response to new societal and regulatory challenges (demand for more environmentally friendly housing, implementation of the 2020 Environmental Regulations and reduction of the carbon impact in construction), the group comes to also to invest more than 1 million euros to modernize its production site in Vagney, making it possible to improve working conditions and increase its production capacity. Thanks to its experience and its new industrial tools, the Group is thus able to provide a concrete response to the challenges of off-site and low-carbon construction.

This transmission operation allows Pierre Castien and the managers of the Group to strengthen their stake in the company, alongside the Wood and Eco-Materials Fund of Bpifrance and the ILP Group. On this occasion, the Development & Partnership fund, present since 2013, sells its shares.

Pierre Castien, Chairman of the Socopa Group: “I am delighted with this new phase of the group's entrepreneurial adventure. With the presence of new financial partners involved in both the development of the sector and regional development, the group can calmly approach the pivotal years that lie ahead for off-site and low-carbon construction. "

Vanessa Giraud, Director of the Wood and Eco-Materials Fund at Bpifrance: “We are delighted that the Wood & Eco-Materials Fund can support the managerial transfer and development of the Socopa Group, an emblematic group of wood-frame construction in France. This operation will ensure the sustainability of a key player in the sector. "

Maxime Liegeois, Business Manager within the ILP Group: “The Grand Est region, through the ILP Group, is delighted to support Pierre Castien and his executives in the growth of Socopa alongside the Wood & Eco-Materials Fund. This investment is fully in line with the strategy and objectives of the ILP group which, by participating in this operation, allows Socopa to maintain its decision-making center in the Vosges while strengthening employee shareholding in the company. "

Intervenants:

• Management: Pierre Castien
• Sellers: Development and Partnership
• Investors:
  • Bpifrance Investment (Vanessa Giraud, Pierre-Eddy Sastre, Sophie Perette, Yassine Rochd, Thibaut Cambuzat)
  • ILP Group (Benoît Voinot, Maxime Liegeois)
• Investor advice:
  • Legal, Social and Fiscal Advice and Due Diligence: Lexicube (Thibault Ricome)
  • Financial Due Diligence: Odéris (Aurélien Vion, Nicolas Boucher)
• Company Tips:
  • Legal Counsel: Lamartine (Stéphane Rodriguez, Victoire Bertin)
• Banks:
  • CIC East Bank
  • Banque Populaire Alsace Lorraine Champagne