Green Giraffe Advisory assisted Melvan, a French multi-technology renewable energy producer and developer, in opening its capital to a consortium of investors composed of Bpifrance, IDIA Capital Investissement and a pool of investors from the Crédit Agricole group, as well as OCCTE.
Green Giraffe Advisory (GGA) acted as exclusive financial advisor to Melvan, an Orléans-headquartered company who designs, develops, builds, finances and operates renewable energy production plants, on its EUR 25 M fundraising.
Founded in 2020 by a trio of experienced executives, each with more than 20 years of sector expertise, Melvan has built an agile organization supported by a team of 50 committed employees, with a predominant focus on solar PV while integrating other complementary technologies. With around ten local offices, the company relies on an innovative and territorialized approach to offer sustainable energy solutions with strong environmental and societal impact.
The fundraising has been provided by a consortium of active and specialized financial partners, sharing its vision and commitments in favor of the energy transition. The consortium is composed of IDIA Capital Investissement accompanied by regional investors from the Crédit Agricole group (SOFILARO, Centre Loire Expansion, Val de France Energies), Bpifrance, through its Environmental Impact Funds team, and OCCTE, a management company based in Occitanie, through its FPCI OCCTE OCCIGEN investment fund.
This significant fundraising will support Melvan delivering its ca. 2 GW development pipeline, including 750 MW in advanced phase covering the entire French territory.
GGA advised on the fundraising process including support in structuring the transaction, preparing the information package and the financial model, and negotiations with investors up until signing of the investment agreement. Alongside Green Giraffe, Jeantet (legal), Syneria (technical), and KMPG (tax) advised on Melvan’s side.
