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Eurazeo targets French SMEs with Eurazeo Croissance

Eurazeo says it intends to participate in the development of high potential French small and medium enterprises in need of capital with the launch of Eurazeo Croissance.

Eurazeo plans to commit EUR500m over five years in this activity.

It will support SME management teams in the deployment of industrial projects, particularly with regard to the financing and project management.
 
Patrick Sayer (pictured), chairman of Eurazeo’s executive board, says: “We are proud to formally launch Eurazeo Croissance with this first investment in Fonroche, one of tomorrow’s leaders in the development of renewable energy in France. Eurazeo will perform its role as a professional, responsible shareholder in providing support for a rapidly developing SME.”
 
Eurazeo is making the first investment of Eurazeo Croissance in Fonroche, a key player in France’s photovoltaic industry. The company was founded by Yann Maus, an entrepreneur who has created and developed two other companies.
 
Eurazeo will invest up to EUR50m in equity in Fonroche. Following an immediate initial investment of EUR25m, Eurazeo has already committed to invest an additional EUR25m before the end of 2011.
 
Fonroche’s activities cover the entire photovoltaic value chain, from design, fabrication and installation to systems management and maintenance.

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