Eight Advisory performs the financial and tax due diligence and financial and tax modelling work of Technique Solaire Group on behalf of Bpifrance and the Crédit Agricole Group

29 July 2020

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Eight Advisory performs the financial and tax due diligence and financial and tax modelling work of Technique Solaire Group on behalf of Bpifrance and the Crédit Agricole Group

Bpifrance and the Crédit Agricole Group mandated Eight Advisory to perform the financial and tax due diligences and the financial and tax modelling work of Technique Solaire Group.

The Technique Solaire Group specialises in the development, financing, construction and operation of renewable energy production units (solar and methanisation) in France and also internationally. The group has 80 employees and 61 subsidiaries.

Bpifrance and the Crédit Agricole Group, historical shareholders, are taking part in a new fund-raising campaign on behalf of the Technique Solaire Group for a cumulative amount of 25 million euros. This operation should enable Technique Solaire Group to hold 1 GWp operational at the end of 2024.

After a first round of financing in 2017, and in a context where the objectives were achieved a year ahead of schedule, the historical investors Bpifrance, via its fund dedicated to the energy and ecological transition (FIEE), and Crédit Agricole Touraine Poitou have renewed their confidence in the Group to enable it to finance its development until the end of 2024.

Eight Advisory performed the financial due diligence and the financial modelling work. The team was composed of Lionnel Gérard, Guillaume Catoire, Erwann Huon de Kermadec and Hamza Mernissi.

Eight Advisory Tax performed the tax due diligence and the tax modelling work, the team was composed of Guillaume Rembry, Kevin Peau and Jérémy Cosma.

 

About Eight Advisory:

Eight Advisory provides guidance to managers, investors and banks in their corporate Transactions, Reorganizations, Transformations and Financial Engineering both in France and internationally. The firm’s 440 employees, including 54 Partners, propose a financial and operational specialization dedicated to assisting managerial decision-making.

Eight Advisory is a European group, with a presence in France, the United Kingdom, Belgium, the Netherlands and Germany, capable of tapping, by virtue of its status as an Eight International Founding Member, into a network composed of several independent partners set up in 20 countries across Europe, the Americas, Asia and Oceania.

Eight Advisory Tax is a law firm specialising exclusively in taxation. Eight Advisory Tax works with companies of all sizes, from start-ups to large accounts, finding solutions to their ongoing or specific fiscal challenges, supporting their growth (internal and external) and their restructuring operations. The firm also acts on behalf of investment funds, advising them on ongoing or specific management of their portfolios (tax compliance, structuring of investments and divestments, management packages, etc).