Solstyce has completed an LBO alongside NextStage

July 2021 — 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.

Our role in the transaction

Oaklins’ team in France acted as the exclusive advisor to the shareholders of Solstyce in this transaction.