Allen & Overy advises Eiffel Investment Group on the launch of an equity bridge fund dedicated to renewable energy
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30 November 2022
Allen & Overy has advised the asset manager Eiffel Investment Group on the creation and structuration of Eiffel Transition Infrastructure, an innovative equity bridge solution to support renewable energy in Europe, backed by the European Investment Fund (EIF).
Eiffel Transition Infrastructure is an innovative fund designed to provide equity bridge financing for renewable energy infrastructure assets in Europe. This contributes to the European ambition to accelerate the deployment of clean energy in Europe.
The EIF is sponsoring the initiative committing EUR75 million to the new fund. Several top tier European institutional investors including AG2R LA MONDIALE, Abeille Assurances, Allianz France, l’Auxiliaire, and Crédit Agricole Nord Est (Nord Est Partenaires) have joined the first close. The fund is targeting up to EUR500 million.
The Allen & Overy team in Paris was composed of partner Antoine Sarailler, counsel Benjamin Lacourt and associate Romane Chéry.