Our investments


Date of realisation

February 2017

Invest date

November 2010

Boilers maintenance


ENS France, under the brand “Neothermie”, is a network of residential boiler maintenance and replacement technicians in France. The business initially consists of four companies in the Paris area and in the North. ENS France’s objective is to buy and build a national independent network in France. The company has 15 branches serving 100,000 customers with 70,000 maintenance contracts. The maintenance market is worth €3.6bn and there are more than 20,000 small and medium sized companies in the sector. ENS France is led by Jean-Philippe Le Baron and Yvan Thorin who used to run the same network at Poweo Services in France.


The market is highly fragmented and consists of small independent players with no succession plan and limited local ambition. ENS France brings them both marketing and human resource skills, essential to grow the customer base, while respecting the local presence and proximity of each acquired business. The plan is to develop a national maintenance network with a strong local presence.


Contact us

place Luxembourg

15 rue Edward Steichen
Luxembourg L-2540 - Luxembourg
Tel. +352 621 225 802

place Geneva

47 route des Acacias
1211 Geneva, 26 - Switzerland
Tel. +41 79 128 20 44

place Brussels

523 avenue Louise
1050 Brussels - Belgium
Tel. +32 497 38 31 45

place Paris

40 rue du Colisée
75008 Paris - France
Tel. +33 6 31 30 62 23