The French solar company, Solairedirect S.A. is making moves that will allow the company to make an IPO in the first half of this year. Today the company announced that its document de base has been registered with the French financial markets authority, the AMF (Autorité des marchés financiers) on 4 March 2015 under number I.15 – 010.
The registration of the document de base is the first step in the process for an initial public offering of its shares on the regulated market of Euronext Paris planned for the first half of 2015, subject to market conditions and the approval by the AMF of the related prospectus. The proceeds from the planned initial public offering (the “IPO”) would allow the Company to strengthen its balance sheet and exploit future growth opportunities, including, among other things, through increased retention of equity investments in the solar parks it develops and operates.
Solairedirect’s document de base is available free of charge and upon request to Solairedirect (18, rue du Quatre-Septembre, 75002 Paris, France) and on the company’s (www.solairedirect.com ) and the AMF’s (www.amf-france.org ) websites. Solairedirect draws the public’s attention to Section 4 “Risk Factors” of the document de base registered with the AMF and more specifically to the risk factors set forth in Section 4.1.1 “Risks related to the Group’s operations”.
Commenting on the planned IPO, Thierry Lepercq, CEO of Solairedirect said:
The planned IPO of Solairedirect marks a new phase in the development of the company and is aligned with a vibrant market, where we see solar energy emerging everyday as a viable and competitive alternative source of energy. A public listing will enable us to accelerate our entry on our most competitive target markets. We will rely on our industrial, disciplined and scalable approach to developing solar parks to continue our growth trajectory and create value for our shareholders.
Citigroup and Deutsche Bank are acting as Joint Global Coordinators, Lead Managers and Bookrunners on the IPO. Greentech Capital Advisors is acting as financial adviser to Solairedirect.
A global solar power company, Solairedirect is a global solar power company operating across four continents. The Company was founded in 2006 with the mission of harnessing the increasingly competitive nature of solar power compared to other energy sources. Capitalizing on its success in France, the Group began a targeted international expansion strategy early in its history aimed at establishing operations in additional markets it believes present attractive conditions for the development of solar power as a competitive source of energy.
During its fiscal year ended 31 March 2014, Solairedirect had revenues of €156m, representing a 45% compound average growth rate over the last five fiscal years. During the six months ended 30 September 2014, Solairedirect generated revenues of €69m.
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.