Regulatory News:
Bpifrance, Tikehau Capital (Paris:TKO), Peugeot Invest and
NextWorld announce today that they have completed the sale of their
minority stake in Total Eren, a global leading renewable energy
player, to TotalEnergies (EPA : FP).
Founded by Pâris Mouratoglou and David Corchia in 2012, Total
Eren develops, finances, builds and operates renewable energy
assets in countries where they represent a competitive response to
growing energy needs. It has reached more than 3.5 GW capacity in
operation worldwide and holds a solar, wind, hydroelectric and
storage projects pipeline of over 10 GW of which close to 1.2 GW
are in construction or at late-stage development.
Bpifrance, Tikehau Capital, Peugeot Invest and NextWorld
invested in Total Eren for the first time in 2015 to help the
company accelerate its development pace. Further investments
followed in 2017 and 2019 as the company was rapidly developing
around the world, and they were joined by TotalEnergies in
2017.
Since 2015, the total installed capacity increased by 10 times
from c.350 MW to c.3,5 GW and the sales from c.52 M€ to c.540 M€.
The company also diversified its geographic footprint with over 60%
of its installed capacity located outside of Europe, including in
the APAC and Latin America areas and Total Eren now counts nearly
500 employees based in 20 countries. This steady growth resulted in
an investment multiple above 2x for financial investors.
Besides its activities as a renewable energy producer dedicated
to both private and public sectors, and with the support of its
shareholders, Total Eren has launched pioneering large-scale green
hydrogen projects in the recent years, which will be located in
various geographies such as North Africa, Latin America, and
Australia.
Pâris Mouratoglou and David Corchia, Chairman and CEO of
Total Eren, stated: “Building assets in more than 20 countries
and developing projects in more than 30 countries in less than 10
years require to get the best local partners on board. Making EREN
RE a leader in the renewable energy space required the best global
partners. We have had the privilege in 2015 to partner with
Bpifrance, Tikehau, Peugeot Invest and NextWorld. Their long term
investment approach and their unwavering trust and support have
been a source of inspiration for all of us and were at the
inception of the formidable journey we have engaged with
TotalEnergies. We look forward to developing new businesses with
them soon!”
José Gonzalo, Executive Director of Direct Investments at
Bpifrance, added: “Total Eren has strongly grown in the last 8
years thanks to the wonderful work of its teams and the support of
its shareholders, and we are proud to have supported them in their
growth all over the world. This 8-year support is in line with
Bpifrance's commitment to investing in companies that promote
energy and environmental transition by contributing to the
emergence of French leaders in renewable energies with ambitious
plans and an ambitious project and attractive prospects. Total Eren
is now a leading player in the renewable energy sector, and we are
confident that TotalEnergies will be able to help Total Eren
pursuing its significant growth.”
Mathieu Badjeck, Executive Director and co-head of Energy
Transition Practice at Tikehau Capital, added: “It has been an
honour to work alongside one of the best-in-class management teams
in the renewables and energy transition sectors since 2015. The
Company’s value proposition is fully aligned with Tikehau Capital’s
commitment to supporting companies that are driving the
decarbonisation of the economy. We wish the team at Total Eren
every success in their future development.”
Bertrand Finet, CEO of Peugeot Invest, added: “We are
proud to have supported Total Eren for close to 8 years, a leading
player of the energy transition, in its substantial development
across the globe. This has been a great journey alongside a
talented team and valuable partners. We are pleased that the
company is pursuing its growth trajectory and further contributing
to a sustainable future alongside the French multi-energy
leader”
Sébastien Lépinard, Founder and Managing Partner of
NextWorld, added: “The work accomplished by the men and women
of Total Eren over almost 10 years is remarkable, and we would like
to congratulate them on realizing the ambitious strategic vision
that Pâris and David had for this project. We are proud to have
been able to support it from the outset, and to have contributed to
a more sustainable natural resources economy”
***
About Bpifrance
Bpifrance Investissement is the management company that handles
Bpifrance's equity investments. Bpifrance is the French national
investment bank: it finances businesses – at every stage of their
development – through loans, guarantees, equity investments and
export insurances. Bpifrance also provides extra financial services
(training, consultancy) to help entrepreneurs meet their challenges
(innovation, export…).
For more information, please visit:
https://www.bpifrance.com
Follow us on Twitter: @Bpifrance - @BpifrancePresse
About Tikehau Capital
Tikehau Capital is a global alternative asset management group
with €39.7 billion of assets under management (at 31 March 2023).
Tikehau Capital has developed a wide range of expertise across four
asset classes (private debt, real assets, private equity and
capital markets strategies) as well as multi-asset and special
opportunities strategies. Tikehau Capital is a founder led team
with a differentiated business model, a strong balance sheet,
proprietary global deal flow and a track record of backing high
quality companies and executives. Deeply rooted in the real
economy, Tikehau Capital provides bespoke and innovative
alternative financing solutions to companies it invests in and
seeks to create long-term value for its investors, while generating
positive impacts on society. Leveraging its strong equity base
(€3.1 billion of shareholders’ equity at 31 December 2022), the
firm invests its own capital alongside its investor-clients within
each of its strategies. Controlled by its managers alongside
leading institutional partners, Tikehau Capital is guided by a
strong entrepreneurial spirit and DNA, shared by its 742 employees
(at 31 December 2022) across its 15 offices in Europe, the Middle
East, Asia and North America. Tikehau Capital is listed in
compartment A of the regulated Euronext Paris market (ISIN code:
FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com
About Peugeot Invest
Peugeot Invest is an investment company listed on Euronext,
majority owned by Etablissements Peugeot Frères. Peugeot Invest is
one of the leading shareholders in Stellantis and Forvia, via its
Peugeot 1810 subsidiary, and pursues a policy of establishing
shareholdings with a long-term view. Peugeot Invest holds interests
in listed companies (such as SEB, LISI and SPIE), non-listed
companies (such as International SOS, Signa Prime or Signa
Development), co-investments (ArchiMed or JAB Holding), and
investment funds.
For more information, please visit: www.peugeot-invest.com
About Nextworld
NextWorld is an integrated capital organization that combines
investment and non-profit activities with the mission to create
value for society. Originally from Europe and with a long-standing
presence in San Francisco, NextWorld is steward of more than $1bn
and deploys permanent capital in ESG-forward investments through
NextWorld Evergreen, Venture Capital and Co-Investment strategies.
With investments ranging from $10m to $50m, NextWorld seeks long
term partnerships with talented entrepreneurs and investors to
generate value for its non-profit stakeholders and for society at
large.
For more information, please visit www.nextworld.com
Disclaimer The strategy mentioned in this press release is reserved
for professional investors, is no longer open to marketing nor
subscription and is managed by Tikehau Investment Management SAS, a
portfolio management company approved by the AMF since 19/01/ 2007
under the number GP-07000006. Noncontractual document intended
exclusively for journalists and media professionals. The
information is provided for the sole purpose of enabling them to
have an overview of the transactions, whatever the use they make of
it, which is exclusively a matter of their editorial independence,
for which Tikehau Capital declines all responsibility. This
document does not constitute an offer to sell securities or
investment advisory services. This document contains only general
information and is not intended to represent general or specific
investment advice. Past performance is not a reliable indicator of
future results and targets are not guaranteed. Certain statements
and forecasted data are based on current forecasts, prevailing
market and economic conditions, estimates, projections and opinions
of Tikehau Capital and/or its affiliates. Owing to various risks
and uncertainties actual results may differ materially from those
reflected or expected in such forward-looking statements or in any
of the case studies or forecasts. Tikehau Capital accepts no
liability, direct or indirect, arising from the information
contained in this document. Tikehau Capital shall not be liable for
any decision taken on the basis of any information contained in
this document. All references to Tikehau Capital’s advisory
activities in the US or with respect to US persons relate to
Tikehau Capital North America.
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Press contacts :
Bpifrance:
Sophie Santandrea Phone : +33 (0)7 88 09 28 17 Email:
sophie.santandrea@bpifrance.fr
Tikehau Capital:
Valérie Sueur Phone : +33 (0)1 40 06 39 30 Email:
vsueur@tikehaucapital.com
Matthieu Roussellier (Prosek Partners UK) – +44 (0) 7843
279 966 Trevor Gibbons (Prosek Partners USA) – +1 646 818
9238 Email: press@tikehaucapital.com
Tikehau Shareholder and investor
contacts: Louis Igonet – +33 (0)1 40 06 11 11 Théodora Xu –
+33 (0)1 40 06 18 56 Email: shareholders@tikehaucapital.com
Peugeot Invest:
Sébastien Coquard Phone: +33 (0)1 84 13 87 25 Email:
sebastien.coquard@peugeot-invest.com
Leslie Jung-Isenwater – Image 7 Phone: +33 6 78 700 555
Email: peugeotinvest@image7.fr
NextWorld:
Mathieu Poma Email : mathieu@nextworld.com
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