Solstyce has completed an LBO alongside NextStage
The private shareholders of Solstyce have completed a primary LBO alongside NextStage AM.
Solstyce is a renewable energy group that provides global services, such as development, building, operating and maintenance in the photovoltaic, e-mobility, carbon footprint and water tightness industries. The firm has an integrated model implementing comprehensive solutions where energy production, mobility and the creation of smart grids deliver an essential three-pronged approach in the transition towards clean energy to building the cities of the future. Solstyce also builds and maintains solar power stations. It has a cutting-edge engineering department and an integrated multi-disciplinary installation team, as well as a maintenance and operations department to ensure the optimal performance of facilities throughout their lifetime. For the last 10 years, Solstyce has been involved in electric mobility. It has a unique partnership with Group Renault, providing electric vehicle charging solutions for its customers’ fleets. The company is also establishing and implementing a low-carbon strategy.
NextStage AM has been supporting growth entrepreneurs in their development since 2002 with its multi-strategy private equity platform, which at the end of December 2020 represented more than US$7.2 billion of assets under management, directly and indirectly collected from institutional investors and individuals.
BPIfrance Investment is also co-investor in the operation with its fund FIEE dedicated to energy and ecological transition. BPIfrance Investment is the French Sovereign Fund investing in startups, SMEs and mid-caps through direct investment and a fund of funds activity.
Oaklins’ team in France acted as the exclusive advisor to the shareholders of Solstyce in this transaction.
Talk to the deal team
Related deals
Stones Infra Projects has raised debt finance
This transaction marked a successful debt raise to fund Oleander Farms’ growth. Strategically located in Karjat between Mumbai and Pune, this five-star resort caters to luxury travelers, MICE (meetings, incentives, conferences and exhibitions), weddings and large-scale events. The rising demand for additional room inventory to host sizable gatherings, along with the scarcity of large-format resorts in the region, were key drivers behind raising capital to accelerate expansion.
Learn moreHe-Man Dual Controls has been acquired by Lagercrantz UK Limited
Lagercrantz UK Limited has acquired 100% of the shares in HM Holding Limited (He-Man Dual Controls), a leader in supplemental control systems for vehicles.
Learn moreManolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Learn more