Demeter Partners and Emertec Gestion are to merge, creating a European private equity player dedicated to the energy transition, environmental and innovative materials sectors.
The firm will have EUR800 million assets under management and 120 companies financed in 10 years.
Stéphane Villecroze, managing partner of Demeter Partners, says: “We are pleased to carry out this transaction with the help of Emertec Gestion’s institutional shareholders (BPI France, CEA Investissement, Caisse d’Epargne Rhône Alpes). The common values, the mutual trust and the complementary skills of the teams of Demeter and Emertec are key advantages. We are convinced that together we will be stronger to succeed in the next steps of our growth.”
Bernard Maître, chairman of the board of Emertec Gestion, says: “The obviousness of this merger is due to the strength of our common industrial project: the increase of opportunities and of the amounts raised in our investment sectors, the issues of international expansion, the most complete coverage of the needs in own funds for the companies concerned make a substantial size necessary. It reinforces our independence and our attractiveness among entrepreneurs and international investors, seeking key players with critical size.”