We are pleased to announce the closing of Project Zeus, for which Astris advised Marguerite, a leading European investment fund. The transaction consisted in the acquisition of an equity stake in French company ZE Energy through a capital increase. Astris acted as exclusive financial advisor to Marguerite.
ZE Energy was founded in 2019 by an experienced management team of former Solairedirect and Engie employees. It is an integrated solar-plus-storage developer whose business model relies on a combination of solar PV, battery and aggregation activities. Its main markets are France, Spain, the UK, Italy and Germany. Through this capital increase, Marguerite will own a significant stake in ZE Energy, alongside existing investors.
This landmark transaction further strengthens our relationship with Marguerite, whom we advised two years ago for the sale of their French solar portfolio. It will also undoubtedly pave the way for additional work in the fast-growing storage sector.