Second capital increase for green energy

Natixis was joint bookrunner for worldwide independent power generator Voltalia’s €376m rights issue with the maintenance of shareholders’ preferential subscription rights. Natixis had already supported the company in its initial capital increase in 2016.

This deal is intended to finance the next stage in the group’s development to increase installed capacity/capacity under construction to 2.6GW out to 2023.

The European Bank for Reconstruction and Development (EBRD) has pledged to invest €25m in the issue, reflecting its confidence in the company, alongside longstanding shareholders Voltalia Investissement and Proparco, who have also committed to taking part in the deal.

The company also obtained a credit facility of €100m from a pool of banks in May, led by Natixis as mandated arranger, sole coordinator, bookrunner and sustainable development coordinator.

This is the second major deal from Natixis’ ECM teams since the start of 2019 after the capital increase for Tikehau, and is also the most significant deal ever carried out by Voltalia. The rights issue once again highlights our strong track record in the strategic renewable power sector, just two days ahead of the first renewable energy conference organized by Natixis and ODDO BHF on June 26.

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