Crédit Agricole Assurances, via its Predica Energies Durables fund managed by Omnes Capital, and Quadran, one of France’s leading independent producers of renewable energies, are signing an agreement to create a joint venture called Quadrica. Quadrica will eventually have a portfolio of onshore wind-power projects with capacity of more than 200 MW, including eight that are already in operation with total capacity of 76 MW.
The transaction fits with Crédit Agricole Assurances’ investment strategy and strengthens its presence in the infrastructure market, in which it already has significant interests. For Quadran, the deal is a real opportunity to expand and will enable it rapidly to build new wind-power capacity.
In this transaction, Crédit Agricole Assurances was supported by teams from Omnes Capital, whose investment approach consists of forming partnerships with leading French and European producers.
Serge Savasta, Managing Director, Omnes Capital
Marc-Philippe Botte, Director, Omnes Capital
Laurent Perret, Associate, Omnes Capital
About Crédit Agricole Assurances
Crédit Agricole Assurances is France’s second-largest insurance group, and is made up of Crédit Agricole’s insurance subsidiaries. The group offers a range of savings, retirement, health, personal protection and property insurance products and services. They are distributed by the Crédit Agricole group’s banks in France and in nine other countries around the world, by financial advisers and multi-line insurance agents. Crédit Agricole Assurances companies serve individuals, professionals, farmers and businesses. Crédit Agricole Assurances has 3,500 staff, and generated €30.3 billion in revenues in 2014. http://www.ca-assurances.com
Quadran is a global player in the production of renewable energies (wind, solar, hydro and biogas), and operates throughout the lifecycle of a power plant : site identification, financing, construction, operation and decommissioning.
With a team of 170 employees across 13 branches and subsidiaries in mainland France and French overseas territories, Quadran covers all of these territories with a strong local presence.
In 2014, the group generated revenue of €75 million and EBITDA of €51 million. Quadran operates around 180 power plants in mainland France and French overseas territories, with combined capacity of around 375 MW.
It therefore produces over 750 GWh of green electricity per year, equal to the annual consumption of 600,000 people.
About Omnes Capital
Omnes Capital is a major player in private equity and infrastructure. With €2.1 billion in assets under management, Omnes capital provides companies with the capital needed to finance their growth and with key expertise in a number of areas : Buyout & Growth Capital, Venture Capital, Renewable Energy, Co-Investment, Secondary Funds of Funds. Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The firm is now owned by its employees.
Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI).
Further information : http://www-rec.omnescapital.com
Gaëlle de Montoussé, firstname.lastname@example.org – +33 1 80 48 79 16
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Crédit Agricole Assurances
Françoise Bololanik + 33 (0)1 57 72 46 83 / 06 25 13 73 98
Camille Langevin + 33 (0)1 57 72 73 36 / 06 23 35 60 28