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New Deal


Announced

Banque des Territoires to invest €90m in Terres d'Energie.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

France

Friendly

renewable energy equipment

Private

Renewable Energy Equipment

Pending

Minority

Domestic

Synopsis

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Banque des Territoires, a financial institution based in Paris, agreed to invest €90m ($100m) in Terres d'Energie, a long-term investment platform for operating renewable energy plants, created in 2018 by Tenergie and Crédit Agricole Pyrénées Gascogne. "This operation is a new structuring step in our development and investment plan. With Terres d'Energie, we have created one of the most competitive vehicles to finance the development and construction of new renewable energy production projects. We are delighted to welcome Banque des Territoires to the capital of Terres d'Energie, to accelerate the growth of the second solar energy platform in France," Nicolas Jeuffrain, Tenergie President.

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