To support its growth and strengthen its financial structure, EXOSUN performs a second funding round of 12 million euros. Omnes Capital (formerly Crédit Agricole Private Equity), present in the capital since 2009, participates in this round alongside new partners: ADEME, Grand Sud-Ouest Capital and Expansion Aquitaine, both subsidiaries of the banking group Crédit Agricole.
Founded in 2007, EXOSUN designs, develops and realizes solar power plants equipped with the ExotrackTM patented solar tracking systems.
EXOSUN’s board of directors welcomes the agreements reached, as EXOSUN ‘s President, Frederic Conchy comments: “The renewed confidence of Omnes Capital and the entry of regional funds from Crédit Agricole entities, Grand Sud-Ouest Capital and Expansion Aquitaine allow us to strengthen our relationship with local actors and our collaboration with a major bank, fuelling our international expansion.”
This synergy is enhanced by the commitment of ADEME as part of the French governmental initiative “Investments for the Future”. The goal of ADEME in contributing to the fundraising is to accelerate the creation of a French design and manufacturing industry of utility-scale solar trackers, with a high export potential. “The entrance of a public actor in the capital of EXOSUN demonstrates the willingness of the French State to focus on innovation and to promote the growth of the French industry”, adds Frederic Conchy.
This second fundraising, taken after two years of difficult circumstances, will give the company a level of capital in line with its growth ambition. “With the knowledge acquired and technical expertise, EXOSUN will be implementing simultaneously a consolidation of its national presence and an international expansion while maintaining its involvement in R&D to reduce the cost of the solar KWh”, says Frederic Conchy.
Serge Savasta, Head of Renewable Energy activity at Omnes Capital, comments: “This new funding comes at a key stage in the development of the company. We are delighted to welcome our new partners at our side to support the growth of EXOSUN in France and abroad.”
About Omnes Capital (formerly Crédit Agricole Private Equity)
Omnes Capital is a major player in private equity, with a commitment to financing SMEs. With €1.9 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: mid-cap LBO & Expansion Capital, Venture Capital in technology and life sciences, Renewable Energy, Secondary Funds of Funds, Co-Investment.
Omnes Capital, formerly Crédit Agricole Private Equity, was a subsidiary of Crédit Agricole until March 2012 when the company was acquired by Coller Capital, the global leader in the secondary private equity market.
Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI).
About Aquitaine Expansion and Grand Sud-Ouest Capital
Member of the Crédit Agricole Group, Grand Sud-Ouest Capital and Aquitaine Expansion support SMEs based in the southwestern part of France in their development or transmission projects. A minority investors, Grand Sud-Ouest Capital and Aquitaine Expansion invest up to € 3 million per transaction.
The French Environment and Energy Management Agency (ADEME) is a public agency under the joint authority of the Ministry for Ecology, Sustainable Development, Transport and Housing, the Ministry for Higher Education and Research, and the Ministry for Economy, Finance and Industry. ADEME provides expertise and advisory services to businesses, local authorities and communities, government bodies and the public at large, to enable them to establish and consolidate their environmental action.
As part of this work the agency helps finance projects, from research to implementation, in the areas of waste management, soil conservation, energy efficiency and renewable energy, air quality and noise abatement. www.ademe.fr
ADEME is an operator of the Investments for the Future programmes:
Founded in June 2007, EXOSUN is an expert in solar tracking and concentrated solar systems, and delivers utility-scale ground-mounted photovoltaic plants equipped with its proprietary solar trackers. Designed to meet the highest quality standards, EXOSUN’s solar solutions provide predictable, reliable performances with state-of the-art technology.
For additional information: www.exosun.fr
Ms Maria Lahuerta, Head of Marketing, email@example.com , + 33 (0)5 56 64 09 24
Ms Chantal Else-Fourgeaud, Communications Manager, firstname.lastname@example.org Link to on-line press kit
Omnes Capital :
Ms Martine Sessin-Caracci, email@example.com, +33 (0)1 43 23 90 88
Ms Caroline Babouillard (Shan), firstname.lastname@example.org, +33 (0)1 44 50 58 72
ADEME: email@example.com, +33 (0)1 49 09 27 47