The Prévoté group reorganises its shareholder base and reaffirms its commitment to growth with support from Crédit Mutuel Equity.

With this transaction reorganising the company's shareholder base, leadership of the family-owned company passes to a new generation, with Jean-Frédéric and Jean-Stéphane Prévoté taking the reins. Managed by Crédit Mutuel Equity, the transaction will also strengthen the financial resources of the Group, allowing it to carry out an ambitious growth plan for the company’s transport and logistics business lines.

Founded in 1948, the Prévoté group is an independent company specialising in transport and logistics in the Hauts-de-France and Paris regions of France. With its 570 employees, the group, which generates € 75 million in turnover and has five sites, offers a strong regional network and is positioned as one of the top middle-market players in the region.

Prévoté works with a very diverse customer base, particularly with companies in the wholesale and retail sectors. Prévoté’s offering of multiple services is able to cover all transport and logistics needs of each customer, distinguishing the company from its competitors.

Following the retirement of Jean-François Prévoté, the family company is now led by his nephews, Jean-Frédéric and Jean-Stéphane Prévoté. The two brothers decided to make their mark on the company by proposing a plan for growth and strategic transformation aiming to strengthen Prévoté’s market share and more effectively respond to the challenges of tomorrow.

This road map has been in progress since 2020, when a new executive committee was installed. The plan sets the target of increasing the logistics, rental, and freight business volumes by 50%.

At the same time, the company has deployed a HSE strategy, with concrete actions already carried out in relation to certification, in-house training, and greening of the company’s fleet. The Group has committed to reducing its greenhouse gas emissions by 25% under the Objectif CO² charter and is dedicating over 50% of its annual investments to the purchase of green vehicles (natural gas, B100 biodiesel, and electric).

The Group is also accelerating its digitalisation, with the goal of using zero paper for business line-specific tools such as, for example, the electronic waybill, but also for general services.

While the Prévoté nephews have been in charge of group operations for a few years now, the entry of Crédit Mutuel Equity will complete the transfer within the shareholder base: indeed, the plan significantly increases the stakes owned by Jean-Frédéric and Jean-Stéphane Prévoté. The transaction will also increase the group’s financial resources, allowing it to implement an external growth policy targeting transport and logistics players in the region.

For Jean-Frédéric and Jean-Stéphane Prévoté: “The strategic plan, developed in close collaboration with our teams, will modernise and re-energise our company, which has solid fundamentals. Crédit Mutuel Equity shares with us the human values and long-term strategic vision of a family company. With them, we will be able to shift into high gear when an external growth opportunity compatible with our business lines presents itself.”

“The Prévoté group has developed a unique positioning that meets all of the supply-chain needs of its customers, who are located north of Paris. There are numerous technological, social, and environmental challenges in the transport and logistics market, and we will be able to provide our sector-based experience to the management team so that we can take on those challenges together,” add Amaury Leleu and Mathieu Sollet of Crédit Mutuel Equity.

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