December 2014 – French Contractor Advised by Astris Finance Completes the Divestment of its PV Business

Astris Finance is pleased to announce the successful sale on December 17 2014 of Eco Delta’s solar activities in France to Aloe Invest.

Founded in 2002, Delta Solar is very active in the development of solar projects and manages nine photovoltaic farms (including the site of Les Mées in the French Alps, one of the largest farms in France – Astris Finance advised on the sale and project financing of Les Mées in 2009/2010). With a capacity of about 70MW, Delta Solar is ranked amongst the top five solar operators in France. Created in 2012, the Eco Delta Operation & Maintenance structure specializes in the operation and maintenance of the group’s power plants.

Aloe Invest is a company created by Ardian, Debiopharm Investment, Nixdorf Foundation and Bernis Energy dedicated to renewable energy projects. This company will be managed by Aloe Private Equity, a team specialized in environmental technologies.

Astris Finance acted as financial advisor to Eco Delta throughout the whole process, from the initial structuring of the transaction to financial close.