An equity investment vehicle dedicated to the development of SMEs and ETIs in the Hauts-de-France and Seine-et-Marne regions.

A FUND LAUNCHED ON THE INITIATIVE OF 3 MAJOR BANKS IN THE HAUTS-DE-FRANCE REGION

Caisse d’Epargne Hauts de France, Crédit Agricole Brie Picardie and Crédit Agricole Nord de France have joined forces to create a new fund for SMEs in their region, designed to strengthen their equity capital and support them in their development and financing needs.

REGAIN 340: CAPITAL FOR REGIONAL BUSINESS DEVELOPMENT

The Fund aims to provide an immediate and long-term solution for around fifty companies whose situation was economically viable before the health crisis.

INVESTMENT STRATEGY

• Minority growth capital operations
• Equity contribution to finance growth projects, including in particular :
  1. Geographic expansion
  2. External growth
  3. Capex financing
• A clear, easy-to-understand package for entrepreneurs
• Possibility of co-investing with other players
• Close, proactive support from Turenne Groupe teams
• Complementary external support including a 360° flash diagnostic and a network of identified operational partners to assist managers with specific issues
• The integration of ESG criteria (Environment, Social, Governance) at the heart of the investment strategy.

TARGET COMPANIES:

• Local SMEs and ETIs (sales of €4 million or more), all business sectors
• Proven pre-Covid profitability, but impacted by the health crisis
• Specific focus on family businesses that have never opened up their capital or are independent
• 6 target departments: Aisne (02), Nord (59), Oise (60), Pas-de-Calais (62), Seine-et-Marne (77) AND Somme (80)

FEATURES :

Structured as a Fonds Professionnel de Capital Investissement (FPCI), Regain 340 is sponsored by the three banks, each contributing 17 million euros at launch – i.e. 51 million euros at start-up. It will be open to third parties, and will eventually be endowed with 100 million euros.