UNQUOTE

FRANCE - Avenir et al. invest EUR 1.2m into Canevaflor

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Avenir Entreprises, Apicil Proximité and Calixte Investissement have joined returning investors Crédit Agricole Création, Rhône Alpes Création and Rhône Dauphiné Développement in a EUR 1.2m investment into Canevaflor, a producer of building materials.

Lyon-based Canevaflor is a producer of customised walls made with vegetation. The company was founded in 2000 by Pascal Peleszezak and is expected to generated EUR 3m in turnover in 2009, with this targeted to increase to EUR 25m over the next 5 years.

Avenir Entreprises invested via its fund AE Mezzanine.

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