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Announced

Completed

Eiffel Investment Group, Azora Capital, and Andera Partners led a €100m funding round in mylight150.

Financials

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Transaction Value£86m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy transition

Private Equity

France

cleantech company

Electronic Components and Equipment

Friendly

Cross Border

Completed

Private

smart energy

Acquisition

Single Bidder

Minority

Venture Capital

Synopsis

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Eiffel Investment Group, an alternative investor and asset manager, Azora Capital, an investment management firm, and Andera Partners, an investment company, led a €100m funding round in mylight150, a French cleantech company, with participation from Elevation Capital Partners. “Combatting climate change means electrifying our economy. 10 years ago, we founded mylight150 to enable everyone to produce and consume their own green and affordable electricity. With the development of heat pumps and electric vehicles, our technologies are becoming essential to the energy model of the future. We are excited with this investment, that enables the growth of a future champion in a critical sector for Europe’s energy sovereignty,” Ondine et Virgile Suavet, mylight150 Co-CEO.

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