Insight
Winston advised the management team of the Groupe Claire in the context of its LBO
Insight
Winston advised the management team of the Groupe Claire in the context of its LBO
September 21, 2023
A Winston & Strawn team led by Grine Lahreche has supported the management team of the Claire Group, a historical leader in water network equipment and performance improvement solutions, in the context of Gimv's sale of its majority stake to Crédit Mutuel Equity.
Founded in 2011, the Claire Group designs, manufactures, and distributes reliable and sustainable equipment, as well as innovative solutions for the construction, maintenance, and enhancement of water distribution networks' performance. It has rapidly expanded and achieved a turnover of over €80 million in 2023.
As a spin-off from the Veolia Group, the Claire Group, the group aspires to be the preferred partner for private and public water network operators (utilities and water companies) and offers a wide range of products (connections, fittings, metering environments) for their construction or network renovation projects, along with connected solutions that improve network management and leak detection. In a context of water scarcity linked to climate change, characterized by drought peaks, the company activates the necessary synergies to succeed in its mission, serving the common good and future generations: to promote access to water for all, today and tomorrow.