BPI launches €133m nuclear energy-focused fund

The fund's investment period began last month, according to BPI, and will stretch out over four years.

The launch of the new fund comes almost exactly a year after the creation of Croissance Rail, a €40m vehicle focused on the French railway industry. Alstom Transport, Bombardier Transport, SNCF Participations and RATP committed 75% of the fund's capital, with BPI supplying the balance.

The creation of FDEN continues BPI's investment model of industry-specific funds for French SMEs.

Investors
Alongside BPI, subscribers to the fund comprise five French industrial players: energy giant EDF; nuclear energy firm Areva; nuclear steam turbine company Alstom; and construction companies Vinci and Eiffage.

Investments
Focusing its efforts on the French nuclear industry, FDEN will acquire minority stakes in exchange for capital injections ranging from €1-13m in equity.

It plans to help consolidate the French nuclear market to create a more favourable environment for an emerging wave of SMEs in the sector.

People
Jacques Solleau, a director and member of the BPI France Investissement Regions committee, has been appointed as director of FDEN.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• France
• Industrials
• France