Kartesia supports Eurazeo in its acquisition of SMP Energies with sustainability-linked financing

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has provided a sustainability-linked financing solution to support Eurazeo, through its Eurazeo Planetary Boundaries Fund (EPBF), in the acquisition of SMP Energies (or “the Group”) alongside its management team, led by Fabien Lemesnager. This investment marks Kartesia’s seventh deal from its Impact strategy.

SMP Energies specialises in deep geothermal well drilling and maintenance services. Active in the sector since 2012, the Group has established itself as a leading player in France, operating a fleet of 8 rigs dedicated to district and industrial heating projects. SMP Energies provides a comprehensive suite of services across all stages of geothermal well completion, delivering high-quality, reliable solutions to major French energy operators. With a rising demand for decarbonised heat and increasing emphasis on energy sovereignty, SMP Energies is strongly positioned to support the energy transition in France.

As part of the financing agreement, SMP will benefit from even more attractive financing terms by meeting certain key performance indicators (“KPIs”) linked to environmental and social impact. An undrawn financing facility will enable Kartesia to back the Group’s growth, both organically and through acquisition, further solidifying its position as a key player in the decarbonised heat sector.

The debt financing was deployed from the Kartesia Impact Fund (“KIF”) and Kartesia Senior Opportunities (“KSO”) strategy. The deal team at Kartesia included Charles-Henri Clappier, Iris Duffillot and Clémence Demière.

Charles-Henri Clappier, Partner and Head of KSO France, commented: “We are delighted to support Eurazeo Planetary Boundaries fund in its acquisition of SMP Energies, solidifying the Group’s position as a leading provider in the French geothermal drilling market and decarbonised heat sector. By enabling sustainable energy projects that reduce carbon emissions and foster renewable energy adoption, SMP Energies aligns closely with the core themes of our Impact Strategy. We are therefore equally thrilled to mark our first impact transaction in France and look forward to partnering with Eurazeo and the management team to support the Group’s continued growth and positive environmental impact.”

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For further details please contact:

H/Advisors Maitland – Finlay Donaldson
kartesia-maitland@h-advisors.global
+44 (0) 7341 788 066