ENGIE Énergie Services has sold Majorelle to Isospace

October 2026 — Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.

At the forefront of space planning in France, Majorelle is a leading provider of design and build, renovation, building conversion and mixed-use development services. Over the last four decades, the company has helped businesses transform their workplaces, combining a deep understanding of organizational needs, strategic advisory services and a distinctive architectural vision focused on minimizing environmental impact. Majorelle integrates eco-design, reuse, retrofitting and circularity from the earliest stages of each project. This holistic approach ensures that every square meter delivers lasting functionality and sustainable value while helping reduce costs and carbon emissions. Headquartered in Paris, Majorelle brings together more than 50 professionals and has completed over 1,000 projects. Its prestigious client portfolio includes more than half of the companies listed on France’s CAC 40 index. Majorelle is also the first firm in its sector to have received the EcoVadis Platinum Medal.

Founded in 1997, Isospace designs and builds professional spaces, including offices, retail spaces, hotels and restaurants. Its integrated approach combines design, technical expertise, fit-out and construction services, enabling the group to manage projects from initial concept to final delivery. Headquartered in Boulogne-Billancourt, in the Île-de-France region, Isospace employs 63 people and has completed more than 3,000 projects.

ENGIE is a global energy group committed to accelerating the transition toward a carbon-neutral economy. The group operates across the energy value chain, spanning renewable energy generation, infrastructure, flexibility solutions and energy management and supply. ENGIE operates in 30 countries and employs more than 90,000 people. Its energy services business, ENGIE Énergies Services, helps businesses, public-sector organizations and industrial clients improve energy efficiency and reduce their carbon footprint. The company delivers tailored energy and decarbonization solutions through the engineering, installation, operation and maintenance of energy systems and facilities.

Our role in the transaction

Oaklins’ team in France advised ENGIE Énergies Services on the carveout and sale of Majorelle. Throughout the transaction, the team carried out extensive preparatory work, defining the financial and organizational roadmaps and developing a compelling equity story. The competitive process, involving French and international strategic buyers, optimized the transaction timeline and valuation while avoiding the need to implement a transition services agreement (TSA).