Month: October 2026

Joffe & Associés advised Cashbee, a digital savings and investment platform, on the acquisition of an 85% stake in its capital by MIF (Mutuelle d’Ivry – La Fraternelle), a mutual life insurer.

Founded in 2018, Cashbee is a French wealth-tech company that supports its clients in their savings and investment strategies, notably through life insurance contracts with 100% SRI (socially responsible investment) profiles.

Established in 1865, MIF is a mutual insurance company offering simple, accessible and effective savings and protection products, enabling each member to easily manage their savings and all of their transactions.

MIF initially joined Cashbee’s capital in 2024 as a minority shareholder with a 21% stake, in order to build a commercial partnership around retirement savings plans (PER). This collaboration notably allowed MIF to benefit from a growing flow of clients, attracted by Cashbee’s digital channel, opening or transferring their PER with MIF.

With this new transaction, MIF now becomes Cashbee’s majority shareholder.

It marks a new stage in the partnership begun two years ago, and aims to accelerate Cashbee’s growth while consolidating MIF’s ambitions in savings and wealth management.

The transaction consists of a €3 million capital injection and the buyout of minority shareholders’ stakes. It should enable Cashbee to step up its development and thereby significantly increase the digital acquisition of new mass-affluent clients.

For this transaction, the Joffe & Associés team was made up of Thomas Saltiel, partner, and Rudy Diamant, associate.

Joffe & Associés advised Cykleo, the cycling subsidiary of the Keolis Group, on its acquisition of Ecovelo, a designer of innovative bike-sharing solutions.

Founded in 2007 within the Keolis Group, Cykleo supports local authorities in developing their cycling services by designing, installing and operating reliable, durable solutions suited to all users.

Present in around fifty local authorities, with a fleet of nearly 35,000 bikes and more than 200 employees across the country, this transaction allows Cykleo to establish itself as the leader in cycling services in France.

Founded in 2013, Ecovelo offers local authorities and Mobility Organizing Authorities turnkey electric-assist bike-sharing solutions, from project definition through to commissioning and operations management. As a major player in the mobility market, Ecovelo has stood out for several flagship innovations, such as motorized locks, smart electric chains and electrified charging stations. It has just launched a shared electric longtail bike, which will join Cykleo’s range.

This acquisition represents a new stage in Cykleo’s growth strategy: consolidating its technological expertise and broadening its range in order to support local authorities more effectively.

Driven by the growth of cycling and public authorities’ increasing commitment to active mobility, Cykleo aims to offer a complete range that meets the needs of all local authorities, from the smallest to the largest:

• • • bike-sharing;
    • long-term bike rental;
    • secure parking;
    • operations and maintenance services;
    • innovative technology platforms and management systems.

For this transaction, the Joffe & Associés team consisted of Virginie Belle, partner, and Alexia Guyot, associate.

Joffe & Associés advised GENEO Capital Entrepreneur on its acquisition of a stake in Lodigroup, a French industrial company specialising in biosecurity and building protection.

Founded in 1981, Lodigroup is a recognised player in public health that develops, manufactures and markets solutions to control pests, preserve stored goods and protect buildings. In particular, its products and services are intended for pest control applicators, farmers and agri-food operators, local authorities and building tradespeople.

Lodigroup has seven locations in France and the United Kingdom, including three industrial sites in Brittany and Normandy. The group, active in more than 35 countries, employs over 160 people and generated revenue of more than €70 million in 2025.

Led by GENEO Capital Entrepreneur and BNP Paribas Développement, the transaction aims to support a new phase of growth for the group, particularly in Europe, through targeted acquisitions and a sustained commitment to innovation.

This transaction reflects the GENEO approach: providing hands-on support to business leaders by jointly building a growth trajectory in the service of a sustainable entrepreneurial project.

For this transaction, the Joffe & Associés team was composed of Aymeric Dégremont and Romain Soiron, partners.

Joffe & Associés advised Jolt Capital, a private equity firm, on the acquisition of Mirova’s private equity business.

Founded in 2014, Mirova is an asset management company fully dedicated to sustainable investing, certified B Corp and Entreprise à Mission.

Subsidiary of Natixis Investment Managers, it offers clients investment solutions that combine financial performance with environmental and social impact.

Present in France, the United Kingdom, Luxembourg and the United States, it has more than 250 employees, 7 different areas of expertise and €36.7 billion in assets under management in 2026.

The transaction covers the Mirova Environment Acceleration Capital (MEAC) and Mirova Impact Life Essentials (MILE) funds, as well as their teams and entire portfolios. It allows Jolt Capital to broaden its positioning to the early growth segment.

Historically focused on deeptech growth, Jolt Capital is thus expanding its investment scope to younger European technology companies with revenues between €3 million and €10 million, compared with more than €10 million for its current growth funds.

The teams coming from Mirova will ensure continuity of the investment strategies and impact objectives of MEAC and MILE, and will be able to draw on the expertise of Jolt Capital’s value creation teams, their investor relations know-how and the Jolt.Ninja. technology platform.

For this transaction, the Joffe & Associés team comprised Thomas Saltiel and Olivier Dumas, partners, and Antoine Danieck, associate.