GENEO Capital Entrepreneur and SIPAREX Mezzanine support Egis in its external growth and impact plan through the issue of Relance Bonds
Paris, December 5, 2023.
GENEO Capital Entrepreneur and SIPAREX Mezzanine support Egis in its external growth and impact plan through the issue of Relance Bonds
Founded in France almost 100 years ago, Egis is an international group operating in the fields of consulting, construction engineering, mobility and sustainability. The €50 million issue of Relance Bonds, half of which will be split between GENEO Capital Entrepreneur (Turenne / GENEO consortium) and SIPAREX, the lead management company of the Territoires de Croissance consortium, is intended to finance the company's development, particularly in terms of impact and external growth, notably in North America, Europe and Oceania.
With sales of almost 1.5 billion euros in 2022, the Egis group has 18,000 employees in over 100 countries. An engineering group specializing in the sectors of mobility, urban and sustainable living, energy and the environment, Egis designs sustainable and innovative solutions to meet the challenges of the climate emergency, integrating eco-design methods into a growing proportion of its projects.
Within this framework, the Relance Bonds subscribed by the Egis group will be enhanced according to the achievement of CSR criteria specifically related to eco-design indicators, with the aim of achieving a share of 85% of its sales on eco-designed projects.
To achieve this goal, Egis has set up action plans based on the definition and consideration of 7 sustainable development objectives: the fight against global warming (ODD 13), adaptation to climate change (ODD 13), biodiversity (ODD 14 and 15), the fight against land artificialisation (ODD 14 and 15), the fight against pollution (ODD 6), the transition to a circular economy (ODD 11 and 12), and the responsible use and protection of marine resources (ODD 6 and 13).
The introduction of this bonus indicator is perfectly in line with the raison d'être of GENEO Capital Entrepreneur, a company with a mission, as well as with the environmental objectives of the Siparex Group, both of which systematically implement decarbonization plans with their holdings.
Olivier Gouirand, Group Finance and Strategy Director at Egis, comments: "After setting up a Sustainability Linked Loan last July as part of the acquisition of our North American platform, we are delighted to diversify our sources of financing today with the issue of this Relance Bond indexed to our eco-design criteria. The environmental concerns of GENEO Capital Entrepreneur and SIPAREX Mezzanine are directly in line with Egis' raison d'être. I'm delighted to be able to count on the support of two French management companies that are particularly committed to these issues: in an engineering sector undergoing rapid change, this is further recognition of our lead in applying ESG criteria to our business activities."
"We are particularly pleased and proud to support the development of the Egis group with this issue of Relance Bonds," says Mathilde Paoli, Associate Director of GENEO Capital Entrepreneur. Reinforcing the remarkable eco-design action plan is perfectly in line with GENEO's impact objectives, which include systematic decarbonization action plans and support for eco-design programs for many of its portfolio companies. Sustainability issues are at the heart of our values and investment strategy. That's why GENEO Capital Entrepreneur has set up an HR and services platform that provides expertise as well as organizational and human support to guide, accelerate and provide concrete support for the actions taken by invested companies."
According to Richard Dalaud, Partner Siparex Mezzanine: "We're delighted to be supporting Egis, one of the jewels of French excellence in the fields of transport engineering and industry. These two sectors, traditionally very well known to SIPAREX, are facing major challenges in terms of energy transition. The impact of these challenges on cash flow and company value is at the heart of SIPAREX Mezzanine's proprietary approach, from measuring credit quality to structuring and pricing. Through this financing, we are delighted to contribute to the ongoing transformation of the business model of one of the world leaders in green engineering, and to its positive impact on the city and mobility of tomorrow."
Teams involved in the operation :
Egis:
- Olivier Gouirand, Group Finance and Strategy Director at Egis
- Clotilde Bertolone, Financing & Treasury Director
- Alexandre Vandeville, Chief of Staff to the CFO at Egis
- Hubert Kieken, ESG & Climate Director
GENEO Capital Entrepreneur:
- Mathilde Paoli, Managing Partner of GENEO Capital Entrepreneur
- Diane Lajaumont, Investment Manager
SIPAREX :
- Richard Dalaud: Group Partner, Siparex Mezzanine
- Clément Barbier, Director, Siparex Mezzanine
- Anas Jaldi: Senior Associate Siparex Mezzanine
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About Egis
Egis is an international player in consulting, construction engineering and mobility services. We design and operate intelligent infrastructures and buildings that meet the challenges of the climate emergency and enable more balanced, sustainable and resilient regional development.
Present in 120 countries, Egis puts the expertise of its 18,000 employees at the service of its customers and develops cutting-edge innovations for every project. Through the diversity of its fields of intervention, the Group is a key player in the collective organization of society and the living environment of citizens throughout the world.
Linkedin: Egis | Instagram: @egisgroup | Twitter: @egis | Facebook: @egisgroup
About Relance Bonds
The Obligations Relance France fund is one of the components of the French Ministry of the Economy, Finance and Recovery's Recovery Plan, created after the health crisis by insurers and Caisse des Dépôts, in cooperation with the French Treasury. It benefits from a partial government guarantee. Initially endowed with 1.7 billion euros by 19 insurers, members of France Assureurs, Caisse des Dépôts and the fund's managers, it finances SMEs investing in their development and transformation. Following the successful deployment of the first tranche, some of the investors have decided to deploy a second tranche of 1.1 billion euros. Relance Bonds have a term of eight years, are redeemable at maturity, and provide unsecured subordinated financing for SMEs, which can be obtained from the management companies delegated to manage the fund.
About GENEO Capital Entrepreneur
GENEO's raison d'être Capital Entrepreneur is to make available to the real economy positive finance.
Designed to unlock the potential for value creation, job creation and impact of SMEs and ETIs, GENEO Capital Entrepreneur has nearly 600 million euros at its disposal. In particular, it manages :
GENEO Capital is an evergreen investment company with a 99-year lifespan, majority-owned by families and entrepreneurs. GENEO provides tailor-made capital that adapts to the pace of each company, offering responsiveness and flexibility. Its resources increase regularly as GENEO and the companies it invests grow.
The GENEO Mezzanine fund: a positive-impact mezzanine fund for ETIs and large SMEs, with a specialized impact transformation team. This fund makes it possible to provide real quasi-equity (not counted in debt ratios) without opening up companies' capital, and to support them in their development and impact disruption while offering them significant financial incentives.
As a business partner, GENEO mobilizes its teams and specialized business partners (external growth, positive impact, digital and innovation) to support the execution of structuring, growth and transformation projects. It also boasts a platform of over 140 independent experts and a community of more than 220 families and entrepreneurs, providing a unique opportunity to share experiences and build a business network unmatched in France. The terms of this operational support are tailored to the specific needs of each company, and formalized jointly by the GENEO team, the management team and the company's other shareholders in a "Carnet de croissance".
Passionate about those who make, create and want to move the lines, the GENEO team's sole ambition is to take each entrepreneur's ambition to the highest level. Positive finance, GENEO's raison d'être, is to reconcile performance and meaning.
At GENEOwhen we invest, we invest!
For more information: www.geneocapitalentrepreneur.com
https://twitter.com/GeneoCapital
https://www.linkedin.com/company/geneo-capital-entrepreneur
https://www.youtube.com/channel/UChZh_aqfqG-v9ANGWlLY2Tw
About SIPAREX
An independent French private equity specialist, the Siparex Group has assets under management of €3.6 billion. With strong organic growth and significant acquisitions, Siparex is a group at the service of business development and transformation. From start-ups to ETIs, it finances and supports major entrepreneurial adventures through its various investment strategies: Venture Capital (XAnge), Energy Transition (TiLT), Entrepreneurs, Redeployment, Mezzanine, Midcap and ETI.
The Group has a strong local presence, with 6 offices in France (Paris, Lyon, Nantes, Lille, Strasbourg and Toulouse), 4 in Europe (Milan, Munich, Berlin and Brussels) and partnerships in Africa and North America.
Siparex is the lead manager of the Territoires de croissance consortium, which includes 7 other asset managers (La Banque Postale Asset Management, Arkea Capital, IRD Invest, IRDI Capital Investissement, Picardie Investissement Gestion, Sienna Private Credit and Tertium Invest).
For further information: www.siparex.com
Press contacts - Egis
Isabelle Mayrand - Tel.: 06 17 10 29 70 - isabelle.mayrand@egis-group.com
Sabine Mendy - Tel.: 06 25 33 02 64 - sabine.mendy@egis-group.com
Press contacts - GENEO Capital Entrepreneur
Agence Verbatee: Cyrille Lachèvre 06 20 42 12 08 - c.lachevre@verbatee.com
Barbara Baudier 06 68 53 28 49 - b.baudier@verbatee.com
Press contacts - Siparex
Agathe Pierrefitte - Tel :06 20 79 53 89 - a.pierrefitte@siparex.com