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In mid-2024, Guy-Louis de le Vingne joined the Wad Capital CEO-in-Residence program with the objective of acquiring an electrical installation company and ensuring a seamless generational transition, either in Belgium or France. In less than 15 months, this partnership culminated in the successful acquisition of Mignone, a second-generation family business. The acquisition was supported by Wad Capital, which will be the main shareholder, together with Wallonie Entreprendre. Founder Vincenzo Mignone has reinvested in the company and will remain focused on commercial leadership, while Guy-Louis will take on the role of Managing Director. The transaction was financed through a combination of equity (one third) and debt (two thirds), with the latter provided by CBC (KBC Group).
Founded in 1987 by Donato Mignone and his wife Ida Gargano, the company later welcomed their son Vincenzo in 2005, who has served as CEO since 2020. Mignone specializes in electrical installations and technical building services, offering a broad range of capabilities that span new-build construction, renovation, turnkey project delivery, electrical wiring, domotics, solar-panel installation and maintenance. The company has delivered more than €30M in complex B2G and B2B projects across Wallonia, supported by a team of approximately 100 professionals. EBITDA in 2024 was €2M. Mignone is Class 7 certified in both electricity and construction, with strong expertise in public-sector renovations, energy-efficiency solutions, and large-scale technical installations.
Guy-Louis commented: “What really attracted me to Mignone was the company’s proven resilience and balanced growth profile. They demonstrated the ability to grow at a 20% CAGR over three consecutive years in an expanding market, while also showing remarkable stability when conditions turned difficult—for example, delivering only a 2% decline in 2024 in a market that contracted by 7%. In addition, during my vertical search in the electrical-installations sector, Mignone stood out for its dual-revenue model, combining both electricity and construction. This structure not only diversifies the business but also allows the company to move beyond the role of subcontractor and own the client relationship directly. Finally, a decisive factor was the seller’s genuine commitment to the future of the business: his willingness to stay on as Chief Commercial Officer and reinvest alongside us gave me strong confidence in the long-term alignment and continuity of the company.”
DD: Deloitte / Legal: Agio Legal
