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CMS advises Alter Equity and BNP Paribas Développement on EUR 22.5m Series A round of financing of ENVIRIA

23/06/2022

Frankfurt/Main – Amongst others, the French financial investors Alter Equity and BNP Paribas Développement have participated in the EUR 22.5m Series A round of financing of solar energy start-up ENVIRIA. The financing round was led by European venture capital firm Redalpine and Galileo Green Energy, a pan-European renewable energy development and investment platform.

A CMS team headed by lead counsel Dr Florian Plagemann jointly advised the investors Alter Equity as well as BNP Paribas Développement on all legal aspects during the due diligence, contract negotiations, execution and consummation of the transaction. 

ENVIRIA is one of the fastest-growing companies in the German rooftop solar market, providing scalable Energy-as-a-Service solutions and innovative solar-centric projects. ENVIRIA is facilitating a renewable energy ecosystem, with the aim to boost B2B participation in the clean energy transition, and empower the democratization of power generation by becoming a disruptive and decentralized utility in its own right. Projects are structured and built based on EPC expertise and financial engineering concepts designed for the unique needs of the B2B sector, where ENVIRIA’s knowledge and network leverage the strengths of each party involved. Through innovative solutions such as third-party financing models or smart matches between space availability and solar investments, entire segments previously excluded can now actively participate in and benefit from the energy transition.

BNP Paribas Développement is an independent subsidiary of BNP Paribas which has for more than 30 years taken minority stakes in successful SMEs to support their growth and secure their long-term development by facilitating their transmission. 

Alter Equity is an independent French asset management company which intends to finance the environmental and social transitions the society needs towards a more sustainable, more generous, more human and globally more responsible economy. Alter Equity has been the first private equity fund supporting the concept of positive impact investment in Europe. It is currently deploying its second EUR 110m fund.

Press Contact
presse@cms-hs.com 

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