Face, a leading player in France for multi-technical works and services dedicated to the performance and decarbonization of commercial buildings, announces the signing of an agreement with Montefiore Investment, a leading investment firm focused on service SMEs in Southern Europe, for its investment in the company, replacing Hivest Capital Partners, an independent European private equity firm.
Following the transaction, Montefiore will become majority shareholder alongside the management team and all employees, who will significantly reinvest. This new phase aims to accelerate the Group’s service development, broaden its offering, and strengthen its position as a key player in France.
Founded in 1979 as a family business by the Torres family, Face has progressively established itself as a leading player in waterproofing, roofing, and cladding for steel-structured buildings in France, serving both new construction and renovation of existing assets.
With a nationwide network of 31 subsidiaries and agencies, Face now offers an integrated solution enabling its clients to benefit from sustainable buildings combining high-performance insulated envelopes, efficient energy systems, and maintenance services provided by Face Service Expert.
Committed to the energy transition, Face structured its renewable energy activity in 2014 with the creation of a dedicated engineering office, strengthened in 2022 with the addition of a photovoltaic offering through the acquisition of EPC Solaire and the launch of Face Énergie Solaire in 2023. A momentum further reinforced in 2025 with the acquisition of LBGE Energie and LBGE, a company specialized in electrical engineering works and maintenance services for commercial buildings, expanding Face’s service offering across all aspects of building energy performance.
Supported by Hivest Capital Partners since 2021 and driven by a renewed management team since 2023, the company has completed five acquisitions in recent years and accelerated its development, particularly in maintenance, renovation, and photovoltaic solutions. In 2025, Face employs more than 820 people and generates nearly €400 million in revenue, confirming its position as a market leader in France.
Through its investment, Montefiore aims to support Face in a new phase of development, driven by the acceleration of its renovation, maintenance, photovoltaic, and electrical engineering services. With Montefiore’s support, Face will continue to unlock synergies across its entities, develop complementary activities, and further densify its territorial footprint, with the ambition of becoming a leading player in the energy performance of commercial buildings.
“Hivest Capital Partners’ support has enabled Face to undergo significant transformations, notably through the development of a multi-service model encompassing building envelope, electrical engineering, HVAC, renovation, maintenance, and solar energy. This model is now driving our growth and opening strong prospects for the company’s future. In this context, we are pleased to embark on this new chapter with Montefiore, with the full support of our teams, to sustain this momentum and accelerate our expansion into new markets.”
Nicolas Petit, CEO of Face group
“Face is a well-established player in the steel-structured building envelope market, benefiting from a differentiated positioning based on strong expertise and a nationwide network across France. The Group has demonstrated its resilience and ability to grow, supported by strong competitive advantages in its markets. We have been particularly impressed by the quality of its management team and its strategic vision. Our ambition is to support Face in expanding its service offering and executing an accelerated growth strategy—both key pillars of our investment approach.”
Stéphane Bensoussan, Henri Topiol, Partners at Montefiore Investment
“We are very proud to have supported Face and its teams over the past five years. During this period, the Group continued to strengthen its positions in its historical markets while also developing new high-value, synergistic adjacencies. Face’s acquisition by Montefiore validates the strategic vision led by Nicolas Petit and the growth trajectory already set in motion under our ownership.”
Barthélemy Grave, Principal at Hivest Capital Partners
About FACE
Founded in 1979 by the Torres family, Groupe Face is a leading French player in roofing, waterproofing and cladding for commercial and professional buildings. Over the years, its dynamism and ability to adapt and grow have enabled the Group to expand its service offering and expertise, better addressing its clients’ needs and the growing demand for sustainable and responsible solutions.
With 820 employees and 31 locations, the Group generated nearly €400 million in revenue in 2025. It has established itself as a key player in energy efficiency, supporting both new-build projects and the renovation of existing buildings.
About Montefiore Investment
Founded in 2005, Montefiore Investment is a leading investor in French small and mid-sized service businesses. With a team of more than 80 professionals, the firm leverages its sector expertise and investment know-how to successfully support companies in their growth and development projects.
Montefiore Investment has demonstrated its ability to transform small and mid-sized businesses into leading European players. Its track record has established the firm as a key reference in the French mid-market private equity sector.
With offices in Paris, Milan and Madrid, Montefiore Investment currently manages €5 billion in assets and invests between €20 million and €200 million in equity to support the sustainable and profitable growth of its portfolio companies.
Since 2021, through Starquest, Montefiore has also established itself as a leading investor in France’s Greentech sector.
About Hivest Capital Partners
Hivest Capital Partners is an independent European private equity firm authorised by the French Financial Markets Authority (AMF). Through succession and growth transactions, Hivest Capital Partners invests in small and mid-sized companies with revenues typically ranging from €50 million to €500 million.
Its mission is to help businesses realise their full potential through operational performance improvements and innovative growth strategies.
