Eight Advisory advises Vauban Infrastructure Partners and Caisse des Dépôts et Consignations on their exclusive negotiations to acquire Coriance
5 Jun 2023
5 Jun 2023
Eight Advisory has assisted Caisse des Dépôts et Consignations and French investment fund Vauban Infrastructure Partners in their exclusive negotiations to acquire Coriance from Igneo Infrastructure Partners.
Coriance is an expert in the design, construction and operation of district heating and cooling networks. Coriance currently operates a portfolio of more than 40 concessions and is France’s third-largest operator of district heating networks, with more than 1.8 GW of thermal production capacity.
This strategic transaction will enable Coriance to continue its development in France and to make a real contribution to the challenges of decarbonisation.
Eight Advisory carried out the financial and tax due diligence, the financial model review and the tax structuring of this contemplated transaction.
Eight Advisory’s involvement in this project:
- Financial due diligence and review of the financial model: Lionnel Gérard, Sébastien Smercan, Erwann Huon de Kermadec and Robin Blanc
- Tax due diligence, model review and tax structuring: Guillaume Rembry, Kévin Peau and Jérémy Cosma