B & CAPITAL BECOMES A SHAREHOLDER OF 123ELEC

B & Capital is pleased to announce it has become a shareholder of Phase Neutre – doing business as 123elec – teaming up with Michel Chavès, previously a senior executive at Saint-Gobain and working for Phase Neutre since 2017. This transaction is also the opportunity for the founder Emmanuel Millet to step back and let Michel Chavès lead a new stage of development for the company. Convinced by the growth potential of 123elec, Emmanuel Millet and Capelia – shareholder since 2018 – reinvest part of their proceeds alongside B & Capital. 123elec is the 6th investment of RB Capital France 1, the fund managed by B & Capital.

123elec is a leading online B2B distributor of electrical supplies for the residential construction and renovation sector in France…

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