Category: Deals

Joffe & Associés advised GENEO Capital Entrepreneur on its acquisition of a stake in Lodigroup, a French industrial company specialising in biosecurity and building protection.

 

Founded in 1981, Lodigroup is a recognised player in public health that develops, manufactures and markets solutions to control pests, preserve stored goods and protect buildings. In particular, its products and services are intended for pest control applicators, farmers and agri-food operators, local authorities and building tradespeople.

 

Lodigroup has seven locations in France and the United Kingdom, including three industrial sites in Brittany and Normandy. The group, active in more than 35 countries, employs over 160 people and generated revenue of more than €70 million in 2025.

 

Led by GENEO Capital Entrepreneur and BNP Paribas Développement, the transaction aims to support a new phase of growth for the group, particularly in Europe, through targeted acquisitions and a sustained commitment to innovation.

 

This transaction reflects the GENEO approach: providing hands-on support to business leaders by jointly building a growth trajectory in the service of a sustainable entrepreneurial project.

 

For this transaction, the Joffe & Associés team was composed of Aymeric Dégremont and Romain Soiron, partners.

Joffe & Associés advised Jolt Capital, a private equity firm, on the acquisition of Mirova’s private equity business.

 

Founded in 2014, Mirova is an asset management company fully dedicated to sustainable investing, certified B Corp and Entreprise à Mission.

Subsidiary of Natixis Investment Managers, it offers clients investment solutions that combine financial performance with environmental and social impact.

Present in France, the United Kingdom, Luxembourg and the United States, it has more than 250 employees, 7 different areas of expertise and €36.7 billion in assets under management in 2026.

 

The transaction covers the Mirova Environment Acceleration Capital (MEAC) and Mirova Impact Life Essentials (MILE) funds, as well as their teams and entire portfolios. It allows Jolt Capital to broaden its positioning to the early growth segment.

Historically focused on deeptech growth, Jolt Capital is thus expanding its investment scope to younger European technology companies with revenues between €3 million and €10 million, compared with more than €10 million for its current growth funds.

 

The teams coming from Mirova will ensure continuity of the investment strategies and impact objectives of MEAC and MILE, and will be able to draw on the expertise of Jolt Capital’s value creation teams, their investor relations know-how and the Jolt.Ninja. technology platform.

 

For this transaction, the Joffe & Associés team comprised Thomas Saltiel and Olivier Dumas, partners, and Antoine Danieck, associate.

Joffe & Associés advised Hygie31, a leading healthcare player in Europe, in connection with the acquisition of a majority stake in Navi Group, the Irish leader in independent pharmacy.

 

Founded in 2009 by John Carroll, Navi operates more than 600 pharmacies, representing nearly 30% of the Irish market, and generates €700 million in business volume through its platforms.

 

This strategic partnership represents a major milestone in the development of an interconnected European healthcare ecosystem, combining Hygie31’s pan-European purchasing scale with Navi Group’s commercial footprint and technological expertise.

 

In an Irish market shaped by the rise of integrated pharmacy chains and the growing influence of pharmaceutical wholesalers, Hygie31 and Navi Group are offering an alternative approach that preserves pharmacists’ independence while strengthening their competitiveness through three key synergies: pan-European purchasing, an enhanced commercial offering, and the sharing of data and technology.

 

For participating pharmacists, the benefits are clear: better purchasing terms, secure supply, and more time to spend with patients. The partnership also provides Hygie31 with a strong English-speaking platform from which to accelerate its growth in Ireland and explore further English-speaking markets.

 

With Ireland, Hygie31 now operates across four European markets. Furthermore, following this transaction, Hygie31 now brings together more than 3,542 affiliated pharmacies across Europe, including over 440 operating under the Pharmacie Lafayette banner, with a combined business volume exceeding €6 billion.

 

As part of the transaction, the Joffe & Associés team was composed of Christophe Joffe, partner, and Alexia Guyot, associate, and worked together with its Irish counsel at A&L Goodbody LLP (Charles Carroll, Emily Davis and Shane Swaile).

Joffe & Associés advised the private equity firms Starquest Capital and Yotta Capital Partners in connection with their minority stake investment in Eurodia Industrie, as part of a €18 million funding round.

 

Founded in 1988, Eurodia Industrie is the global specialist in custom-designed, eco-efficient industrial processes for liquid purification.

 

Based near Aix-en-Provence, the Group innovates, designs, develops, and installs its solutions worldwide for the food and agricultural industry (dairy/cheese sector, sugar and specialty sugars industry) and the eco-energy transition industries (biomass, lithium, critical metals, CO2 capture, decarbonization of chemical processes). Its positioning makes a decisive contribution to the decarbonization of industrial processes that still emit too much CO2 today, or to the reduction of negative externalities for the environment.

 

Driven by the growing number of industrial projects and their scaling up, the Group has recorded strong revenue growth, rising from approximately €34 million in 2023 to €80 million in 2025. This growth reflects the relevance of its positioning in industrial markets undergoing major transformation, as well as its ability to successfully deliver large-scale projects.

 

This transaction illustrates the ability of Starquest Capital and Yotta Capital Partners to support the growth of innovative companies whose technologies help address the challenges of industrial decarbonization and the energy transition.

 

The Joffe & Associés team on this transaction was composed of Thomas Saltiel, partner, and Rudy Diamant and Rémi Rodriguez, associates.

Joffe & Associés advised IKON Capital on its acquisition of Tech3 MotoGP, the French racing team competing in the MotoGP World Championship, the first class of motorcycle Grand Prix racing.

 

IKON Capital participated in the transaction alongside a consortium of leading sports industry investors, including Bolt Ventures and Main Street Advisors.

 

The transaction represents one of the most significant investments in international motorcycle racing since Liberty Media’s acquisition of MotoGP.

 

Working alongside the international legal advisers on the transaction, including Northridge Law, Joffe & Associés advised IKON Capital on all French law aspects of the acquisition.

 

The Joffe & Associés team was led by Romain Soiron (Partner, Head of the Sports Practice), with Clément Peillet (Tax), Rémi Rodriguez (Corporate M&A), and Anne Congard (Sports & Commercial).

After advising on their first €10 million financing round in 2019, Joffe & Associés supported private equity firm Jolt Capital on the sale of EfficientIP to Francisco Partners.

 

Founded in 2004 and headquartered in Paris, EfficientIP is a software company specialising in the management and security of network infrastructures. Its DDI (DNS, DHCP and IP address management) platform enables companies to automate network administration, improve performance and enhance cybersecurity through advanced DNS security features, while ensuring greater service availability and an optimised user experience.

 

Driven by digital transformation and the growing need for high-performance and secure network infrastructures, EfficientIP has achieved strong growth in recent years. The company now supports more than 1,500 customers worldwide across a range of industries, including financial services, telecommunications, energy, retail and the public sector. With a team of approximately 220 employees, EfficientIP has an international presence, with offices across Europe, the United States, the Middle East and Asia-Pacific.

 

This transaction constitutes the fourth exit completed by Jolt Capital in eighteen months and demonstrates its ability to support the growth of European deeptech champions.

 

For this transaction, the Joffe & Associés team was led by Thomas Saltiel, partner.

Joffe & Associés advised investors Axeleo Capital and Ternel on the €7.5 million fundraising completed by GreenBuddy, a French software-as-a-service (SaaS) company specialising in reducing the environmental footprint of digital technology.

 

Founded in 2021, GreenBuddy helps organizations understand, measure and reduce the environmental impact of their IT usage.

 

Through its SaaS platform, GreenBuddy enables organizations to:

 

• Measure their digital environmental footprint, including their carbon footprint;
• Identify the main sources of environmental impact across their IT infrastructure, applications, devices and employees’ digital usage;
• Define and manage an environmental impact reduction roadmap through tailored recommendations;
• Raise employees’ awareness of digital sustainability best practices.

 

On this transaction, the Joffe & Associés team comprised Thomas Saltiel, partner, Charlotte Viandaz, counsel, and Alexia Guyot, associate.

Joffe & Associés advised the new investors Forestay Capital and Notion Capital in connection with the $40 million fundraising completed by Pivot, a French startup leveraging agentic AI to automate corporate procurement and financial management.

 

This series B round was co-led by Forestay Capital and Notion Capital, with participation from the British fund Greyhound and early investors Hedosophia, Visionaries Club and Emblem.

 

Two years after a €20 million Series A round, this new financing round aims to strengthen Pivot’s presence among large enterprises.

 

Founded in spring 2023 by Marc-Antoine Lacroix, Romain Libeau and Estelle Giuly, Pivot has developed an AI-powered procurement platform designed to simplify and automate corporate financial processes. Through intuitive interfaces, the startup aims to modernise a function still largely managed through outdated tools and manual approvals, which slow down financial closings and reduce forecasting accuracy.

 

Pivot currently operates in more than 25 countries and supports numerous companies such as DoorDash, Doctolib, Deezer, Pennylane and Wolt. Each year, Pivot manages more than $3 billion in invoices. This Series B round will enable Pivot to further enhance its platform and accelerate its growth by expanding its approach into new markets.

 

In connection with this transaction, the team at Joffe & Associés consisted of Thomas Saltiel, partner, Charlotte Viandaz, counsel, and Océanne Lewden, associate.

Joffe & Associés advised Pilocap, a French leader in training for the prevention of occupational risks, on the acquisition of No Risk Formation, a training center based in Baillargues (Montpellier), specialising in risk prevention for construction sites and industry.

 

This transaction strengthens Pilocap’s territorial footprint in the South-East, following the acquisitions of SCAF France and ODF in 2024, as well as the opening of new centers in Lille, Rennes, and Lyon.

 

Furthermore, Pilocap is strengthening the development of its proprietary network, with the launch of a new center in Angoulême in December 2025 and the gradual rollout of CATEC (confined environment) platforms across all of the group’s centers.

 

Already integrated into the group’s ecosystem through a franchise agreement, No Risk Formation represents a strategic foothold, benefiting from a strong local presence and a diversified client base. Its integration enables Pilocap to strengthen its national network and offer a comprehensive range of practical training programs tailored to the construction, logistics, and industrial sectors.

 

Building on these developments, the Pilocap Group reaffirms its ambition to become a leading partner for French companies and public-sector entities. Supported by Capital Croissance, Adaxtra Capital, and UI Investissement, Pilocap is pursuing its nationwide expansion, leveraging a combination of expertise, innovation, and proximity to address the major challenges of risk prevention.

 

As part of this transaction, the Joffe & Associés team was composed of Aymeric Dégremont, partner, and Océanne Lewden, associate.

Joffe & Associés advised Fountaine Pajot, a leading player in the design of recreational boats, in connection with the creation of E-LEKTRA MARINE, a strategic 50/50 joint venture with the Beneteau Group, resulting from an unprecedented alliance in the nautical sector.

 

This initiative brings together seven leading brands — Beneteau, Jeanneau, Lagoon, Excess, Fountaine Pajot Sailing Catamarans, Fountaine Pajot Yachts, and Dufour — around a single objective: to develop a common standard for electric propulsion and intelligent onboard energy management. By pooling their expertise while preserving their commercial independence, the partners aim to accelerate the transition to low-CO₂-emission sailing and convert 10 to 15% of the global sailing market to electric power by 2030.

 

Building on already significant experience — low-voltage solutions for mid-sized sailing boats on the Beneteau Group side, and high-voltage hybrid systems for large catamarans at Fountaine Pajot — the two groups are leveraging now-mature technologies and making the strategic choice to converge toward a shared standard.

 

In this context, E-LEKTRA MARINE relies on an ecosystem of specialized industrial partners to design solutions tailored to different types of vessels and usage profiles, with the ambition of sustainably structuring the electric propulsion market in recreational boating.

 

In connection with this transaction, the Joffe & Associés team was composed of Christophe Joffe, partner, and Antoine Danieck, associate.