AXA Private Equity, a private equity house with $26bn of assets under management and international reach across Europe, North America and Asia, is acquiring an equity interest in Aviccia, a french company specialised in solar energy.
Champagne, Troyes-based Aviccia (formerly Avenir Soleil), which was founded in March 2008, designs and installs turn-key solar panels on large roofs for customers backed by its combined expertise in construction and photovoltaic facilities. It is also developing a business producing renewable energies based on rented roofs, equipped and operated on its own account.
Gilles Denis, Aviccia’s founding shareholder, was quoted as saying: “I was attracted to AXA Private Equity’s realistic approach to support us in our strategy to add value while upholding social and environmental principles”.
Alexis Saada, Senior Investment Manager with AXA Private Equity, said: “The high grade management and staff and their past achievements convinced us to invest in this business based on clean energy and meeting sustainable development principles”.