Regulatory News:
Eurazeo (Paris:RF) intends to participate in the development of high
potential French small and medium enterprises (SME’s) in need of capital
to accelerate their growth, and today announced the launch of a
dedicated activity, Eurazeo Croissance.
This new line of investment complements Eurazeo’s current strategy.
Eurazeo plans to commit 500 million euros over five years in this
activity. It will provide its expertise in supporting SME management
teams in the deployment of industrial projects, particularly with regard
to the financing and project management, whether through acquisitions or
by extension of its own capacities.
Patrick Sayer, Chairman of Eurazeo’s Executive Board said: "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.”
First investment by Eurazeo Croissance: supporting the development of
Fonroche
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 already has successfully
created and developed two other companies.
Eurazeo will invest up to 50 million euros in equity in Fonroche:
following an immediate initial investment of 25 million euros, Eurazeo
has already committed to invest an additional 25 million euros before
the end of 2011. The long-term support of Eurazeo Croissance will enable
Fonroche’s continued development to respond to the strong market demand
for installation of photovoltaic systems.
Fonroche’s activities cover the entire photovoltaic value chain, from
design, fabrication and installation to systems management and
maintenance.
The company:
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designs and fabricates photovoltaic panels: by the end of 2010,
Fonroche will be France’s largest assembler of panels with an annual
capacity of 90 MWc.
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installs turnkey building-integrated photovoltaic (BIPV) systems for
professional clients;
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operates for its own use BIPV systems that it has installed;
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provides maintenance for BIPV systems;
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develops BIPV system sales and installation for individuals, directly
or with franchisees, through the Habitat Solaire network.
Fonroche’s goal is to develop a portfolio of directly held BIPV systems
of 300 MWc in the next three years and to become one of France’s leading
producers of renewable electricity.
Fabrice de Gaudemar, Eurazeo Executive Board member responsible for
Eurazeo Croissance, said: "We are very pleased to support
Fonroche’s plans and fully share the company’s vision and ambition. Its
development goals and overall approach focused on Sustainable
Development are fully in line with Eurazeo Croissance’s investment
philosophy.”
Yann Maus, founder and Chairman of Fonroche, added:
"We are pleased to be associated with Eurazeo. We will have the means
to fully execute our business plan with Eurazeo Croissance’s commitment
to provide us with strong, long-term support and its help in securing
financing.”
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About Fonroche
Fonroche is a major player in the French photovoltaic industry. By the
end of 2010, the Group will have annual photovoltaic panel production
capacity of 90 MWc.
Ethics and sustainability are the strategic foundations for the Group
and its employees. In terms of Sustainable Development, Fonroche is
committed to optimizing its carbon footprint in photovoltaic panel
production as well as contributing to the preservation of nature. As
part of its commitment, Fonroche will plant one tree for each panel that
it produces, representing more than one million trees over five years,
establish educational programs and fight against deforestation in the
Amazon through a Foundation.
www.fonroche.fr
About Eurazeo
With a diversified portfolio of nearly 4 billion euros in assets,
significant investment capacity and a long-term investment strategy,
Eurazeo is one of the leading listed investment companies in Europe.
Eurazeo is the majority or leading shareholder in Accor, ANF, APCOA, B&B
Hotels, Elis, Europcar and Rexel.
Eurazeo’s shares are quoted on the Paris Euronext Eurolist on a
continuous basis (ISIN code: FR0000121121, Bloomberg Code: RF FP,
Reuters Code: EURA.PA).
Eurazeo 2010 financial calendar
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First Quarter 2010 revenues will be released May 7, 2010
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The Shareholders Meeting will be held May 7, 2010
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First Half 2010 revenues and results will be released August 31, 2010
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Third Quarter 2010 revenues will be released November 10, 2010
For further information, please visit our website: www.eurazeo.com
