Launched on the initiative of the Fédération Française de l’Assurance and Caisse des Dépôts, the Nov Relance Impact fund is endowed with €124 million contributed by 7 leading French institutional investors as part of the “Assureurs – Caisse des Dépôts Relance Durable France” investment program.

Nov Relance Impact is designed to provide growth capital and buyout capital to companies in the regions of France, while targeting enhanced impact objectives defined according to environmental, societal and governance criteria.

IT PROVIDES SUPPORT THROUGH GROWTH & BUILD-UP CAPITAL AND BUYOUT CAPITAL OPERATIONS:

• For companies that have demonstrated their resilience (sales over of €10m and positive EBITDA) in a context of health crisis, with growth potential;
• Alongside company directors, in favor of employee shareholding and a mechanism for sharing capital gains with all company employees.

IN ADDITION TO FINANCIAL SUPPORT, THE FUND INCORPORATES A REINFORCED IMPACT DIMENSION.

Indeed, this fund will also seek extra-financial performance, measured by the achievement of impact objectives defined according to environmental, social and governance (ESG) impact criteria specific to each company. Particular emphasis will be placed on employee shareholding and value-sharing mechanisms for all employees of supported companies.

An Impact Committee made up of experts from the world of impact and positive transformation will guarantee the selection of ESG impact criteria, their monitoring and the analysis of the achievement of the objectives defined for each company in the portfolio. A significant portion of the carried-interest will be donated to solidarity causes dedicated to the companies’ regional ecosystem.