We have advised Frédéric Rodriguez, the founder, the management team, and investment fund Nextsage on the sale of a controlling stake in Greenflex, a specialist in energy efficiency services, to Total.
Founded in 2009 by Frédéric Rodriguez, Greenflex supports 600 clients (80% of which are large corporations) in their energy and societal transition, combining data intelligence with the development of digital tools and asset financing.
Greenflex expects to achieve a turnover of over €350m in 2017, with 230 employees across 14 offices throughout Europe. The company aims to double its turnover by 2021 and become the world leader in environmental and social performance based on digital platforms.
Following the acquisition, Greenflex will be part of the Innovation and Energy Efficiency division of Total's “Gas, Renewables & Power” segment, created in April 2016 as part of Total's strategy to achieve 20% of its turnover from low-carbon activities by 2035.
