Prudentia backs Metz-Amnéville zoological park

The Amnéville zoo was facing financial problems and had been threatened with compulsory liquidation, due to a number of allegations of dysfunction and animal cruelty, according to several reports in the French press. According to French daily Les Echos, the company has a €52m debt burden.

As a result of the transaction, the zoological park of Metz-Amnéville will regain financial leeway and jobs will be preserved, according to a statement by Prudentia.

This agreement was validated on Friday 3 December by the Commercial Chamber of the Metz Regional Court, which accepted the request to modify the recovery plan filed by the zoological park of Metz-Amnéville.

Prudentia is investing via its maiden fund, France Industrie I, which closed on €100m two years ago. The vehicle held a first and final close in January 2018 on almost €100m, Unquote understands. The fund provides equity tickets in the €2–30m range to companies generating a turnover of €10–100m.

Company
Founded in 1986, the zoological park of Metz-Amnéville holds 2,000 animals and spans around 18 hectares. The zoo generates a turnover of €15m and welcomes 600,000 visitors per year.

People
Prudentia Capital – Roland Germain (president).  

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