Our References

A selection of transactions and mandates led by the Ænon team across Europe and Asia.

Legrand × SRS Power Engineering
M&A · Buy-side Electrical Infrastructure Malaysia

Legrand acquires SRS Power Engineering

Ænon advised Legrand in the acquisition of SRS Power Engineering, a Malaysian specialist in low- and medium-voltage power protection solutions, primarily serving datacenters and industrial applications.

Acquiror — Legrand
Global specialist in electrical and digital building infrastructures. €9.5Bn revenue in 2025. Listed on Euronext Paris, CAC 40, CAC 40 ESG and CAC Transition Climat. Legrand's 5th acquisition in 2026, all focused on energy transition and datacenters, representing together ~€370M in additional annual revenue.

Target — SRS Power Engineering
Based in Selangor, Malaysia. Specialist in low- and medium-voltage power protection solutions for datacenters and industry. 280+ employees, ~€90M annual revenue. Legrand's second acquisition in Malaysia, following Linkk Busway Systems in 2025, enabling a full local critical power offering for datacenters.

Ænon team — Franck da Silva

M&A · Buy-side Construction France

Offibat acquires Chiron Couverture

Ænon advised Offibat group in the acquisition of Chiron Couverture, strengthening the Group's roofing capabilities in Île-de-France.

Acquiror — Offibat
Multi-technical building services group. ~400 employees, ~€100M revenue, Île-de-France.

Target — Chiron Couverture
Roofing specialist for residential and historic buildings across the Paris region.

Ænon team — Franck da Silva & Xavier de Leyssac

MBO Luxury France

Mettetal Création — First MBO with Turenne Capital

Ænon advised the shareholders of Mettetal Création, luxury metal accessories manufacturer, in their first MBO alongside Turenne Capital.

Mettetal Création
French family-owned specialist in custom metal accessories for jewelry, leather goods and ready-to-wear. Three generations of expertise.

Investor — Turenne Capital
French private equity firm, ~€2Bn AUM, supporting SME growth across France.

M&A · Sell-side Facility Management Philippines

Confidential — Facility Management

Ænon advised the shareholders of a Philippine facility management company in the sell-side process of their business.

M&A · Sell-side Fintech Cambodia

Confidential — Fintech

Ænon advised the shareholders of a Cambodian fintech company in the sell-side process of their business.

Offibat × SPECV
M&A · Buy-side Construction France

Offibat acquires SPECV

Ænon advised Offibat (~€90M) in the acquisition of SPECV (~€35M), a plumbing, heating and ventilation specialist for social landlords in Île-de-France.

SPECV — Founded 1998. Specialist in plumbing, heating and ventilation on multi-year contracts for social housing and public sector clients.

Offibat × COPCIE
M&A · Buy-side Construction France

Offibat (ex-Volta) acquires COPCIE

Ænon advised Offibat (ex-Volta) group (~€60M) in the acquisition of COPCIE, a roofing and plumbing specialist on Haussmann-era Parisian buildings.

COPCIE — Founded 1962. Serving architects and property managers on Paris historic building stock.

M&A · Buy-side Aeronautics Spain

Confidential — Aeronautics

Ænon advised a French group (>€45M revenue) in the acquisition of a Spanish aeronautical target (>€30M revenue).

Strategic Advisory Construction International

Spie Batignolles — External growth strategy

Ænon acted as strategic M&A advisor to Spie Batignolles (~€2Bn) for their external growth operations in France and internationally.

Spie Batignolles — One of France's leading independent construction and civil engineering groups. Employee-owned.

Ænon team — Franck da Silva

M&A · Buy-side Aeronautics Spain

Confidential — Aeronautics

Ænon advised a French group (>€50M revenue) in the acquisition of a Spanish aeronautical target (>€15M revenue).

M&A · Sell-side Construction France

CF Paris — Sale to Groupe Briand

Ænon advised the shareholders of CF Paris (~€5M), a metalwork and locksmith specialist, in the sale to Groupe Briand as part of a shareholder succession.

M&A · Buy-side Construction Portugal

Confidential — Construction

Ænon advised a major French group (>€2.5Bn revenue) in the acquisition of a Portuguese construction target (>€30M revenue).

M&A · Buy-side Metal Processing Portugal

Confidential — Metal Processing

Ænon advised an Italian group (>€900M revenue) in the acquisition of a Portuguese metal processing target (>€10M revenue).

Strategic Advisory Aeronautics France

Potez Aéronautique — External growth strategy

Ænon acted as strategic M&A advisor to Potez Aéronautique (~€50M), a Tier-1 supplier of aerostructures and cabin interiors, for their external growth.

Potez Aéronautique — Full-capability manufacturer integrating design, metallic & composite parts, supply chain, assembly, wiring and support for leading OEMs.

Ænon team — Franck da Silva

Strategic Advisory Consulting France

PeersGroup — External growth strategy

Ænon advised PeersGroup (~€16M, 160 consultants) on their external growth strategy targeting new capabilities in procurement, finance and supply chain.

Ænon team — Xavier de Leyssac

M&A · Buy-side Agri-food France

Groenland Group — External growth in France

Ænon advised Groenland Group (Dutch, subsidiary of German leader PHW) on their external growth strategy in the French poultry sector.

Ænon team — Franck da Silva

Strategic Advisory Tech / SaaS Belgium · France

Arco Information — French market expansion

Ænon advised Arco Information (~€15M), leading Belgian document management software publisher, in their strategic expansion onto the French enterprise market.

Ænon team — Xavier de Leyssac & Franck da Silva

M&A · Buy-side Mechanical Portugal

Magnevane — Acquisition in Portugal

Ænon advised a South African group in the acquisition of Magnevane, a Portuguese mechanical engineering company.

M&A · Buy-side Social Impact France

Groupe SOS acquires La Source

Ænon advised Groupe SOS (~€900M), one of France's leading social and health organizations, in the acquisition of La Source.

M&A · Sell-side Social Impact France

La Santé de la Famille — Sale to Fondation L'Élan Retrouvé

Ænon advised La Santé de la Famille (~€13M), a medical and social association, in its sale to Fondation L'Élan Retrouvé (~€50M).

M&A · Buy-side Luxury France

Maison Georges Morand — Acquisition by family shareholders

Ænon advised family shareholders in the acquisition of Maison Georges Morand, a historic French glovemaker established in Saint-Junien.

Strategic Advisory Luxury France

Groupe Holesco — Strategic advisory & capital raising

Ænon advised Holesco, world leader in luxury laces, on business development strategy, capital raising and acquisition opportunities in France.

Capital Raising Luxury France

Ralf Tech — Capital raising (2nd round)

Ænon advised Ralf Tech, French luxury watchmaker, on business development strategy and their second capital raising round.

M&A · Sell-side Luxury France

Confidential — French luxury goods manufacturer

Ænon advised the shareholders of a French luxury goods manufacturer in the sale of their company to one of the global leaders in the luxury industry.

M&A · Buy-side Industry France

Lippi — Bolt-on acquisitions

Ænon advised Lippi, French specialist in fencing systems, in their bolt-on acquisition strategy.

Strategic Advisory Mechanical France

Inawa — Financial & business development advisory

Ænon advised Inawa on financial strategy, business development and capital raising.

Capital Raising Maritime / Drone France

Seaways — Capital raising advisory

Ænon advised Seaways, maritime drone manufacturer, on financial strategy, business development and capital raising.

Capital Raising Drone / Tech France

Skydrone — Capital raising advisory

Ænon advised Skydrone, drone manufacturer, on financial strategy, business development and capital raising.

Capital Raising Electronics France

Prosonic — Capital raising & acquisitions

Ænon advised Prosonic, electronic specialist, on capital raising and acquisition strategy.

Capital Raising Fintech France

Investbook — Capital raising (1st & 2nd round)

Ænon advised Investbook, crowdfunding platform, on business development strategy and two successive capital raising rounds.

Capital Raising MedTech France

Neurallys — Capital raising advisory

Ænon advised Neurallys, medical devices manufacturer, on financial strategy and capital raising.

Capital Raising Marketplace / Maritime France

Boaterfly — Capital raising (1st round)

Ænon advised Boaterfly, boat rental marketplace, on financial strategy, business development and their first capital raising round.

Capital Raising Entertainment France

Lob6 — Capital raising advisory

Ænon advised Lob6, entertainment industry company, on financial strategy, business development and capital raising.

Capital Raising Food & Beverage France

SweetWorld — Capital raising advisory

Ænon advised SweetWorld, food industry company, on financial strategy, business development and capital raising.

Capital Raising Retail / Optique France

Verre2Vue — Capital raising advisory

Ænon advised Verre2Vue, glasses and retail industry company, on financial strategy, business development and capital raising.

Capital Raising Publishing France

Éditions Rabelais — Capital raising advisory

Ænon advised Éditions Rabelais, book publisher, on financial strategy, business development and capital raising.

Capital Raising Communication France

Stratégie Leader — Capital raising advisory

Ænon advised Stratégie Leader, communication agency, on financial strategy, business development and capital raising.

Strategic Advisory Cosmetics France

Benta Berry — Strategic advisory

Ænon advised Benta Berry, French innovative cosmetic brand, on financial and business development strategy.

Strategic Advisory Fashion Portugal

Nuno Gama — Strategic advisory

Ænon advised Nuno Gama, one of Portugal's leading fashion brands, on financial and business development strategy.

Strategic Advisory Fashion Portugal

Guava — Strategic advisory

Ænon advised Guava, Portuguese innovative fashion brand, on financial and business development strategy.

Strategic Advisory Sustainable Fashion Portugal

Nahja — Strategic advisory

Ænon advised Nahja, Portuguese innovative sustainable fashion brand, on financial and business development strategy.

Capital Raising Wine & Retail France

MeilleursVinsBio — Capital raising advisory

Ænon advised MeilleursVinsBio, organic wine retail platform, on financial and business development strategy and capital raising.

Capital Raising Impact Investing Portugal

LM — Capital raising advisory

Ænon advised LM, Portuguese consulting agency dedicated to impact investments, on financial strategy and capital raising.