A spin-off of the Salini Group in 2020, Financière Canella is the leading global player in the renovation of multi-family residential buildings in the Paris region. The Group consists of two operating companies:

• SMRD-BAT 92, the French leader in the social housing renovation market
• Harmonie, a specialist in Ile-de-France in the energy renovation of the exterior envelope of condominium buildings

The Group has significantly strengthened its positions in the Île-de-France region over the past three years. Its historical subsidiary, SMRD-BAT92, has consolidated its position as the French leader in the social housing renovation segment, winning numerous tenders thanks to the quality of its services and its critical size. The Group has also initiated a strategy to strengthen its positioning in synergistic and high-visibility hyper-specialist activities, leading to the acquisition of Harmonie in July 2022, a hyper-specialist in the thermal renovation of private condominiums from outside.

NiXEN has decided to participate in this LBO as a co-investor alongside ANDERA Partners, which is increasing its stake in Goupe Financière Canella in order to support the management team in the next stages of the company’s development.