Eurazeo has achieved a significant milestone with the first close of its Planetary Boundaries Fund, securing €300 million in capital. This impact-focused buyout fund is grounded in the planetary boundaries framework developed by the Stockholm Resilience Centre in 2009. The framework identifies nine crucial global processes that must remain within certain limits to maintain a stable and resilient Earth. A 2023 update to this framework revealed that six of these boundaries have already been breached, including critical processes such as climate change, stratospheric ozone depletion, and ocean acidification.
The fund has attracted substantial backing from a variety of institutional investors, including European financial institutions, insurance companies, asset managers, and family offices. The fund’s leadership consists of partners Erwann Le Ligné and Wilfried Piskula, who plan to utilize Eurazeo’s proven buy-and-build strategy to scale small and mid-cap companies focused on environmental solutions. Their goal is to address and adapt to the challenges arising from these planetary boundary breaches.
In a key development, Eurazeo’s Planetary Boundaries Fund has made its inaugural investment with the acquisition of a majority stake in Bioline AgroSciences, a leader in biological pest control solutions for agriculture. The company specializes in designing and producing biopesticides that provide sustainable alternatives to chemical pesticides. Bioline operates six manufacturing sites across France, Kenya, Spain, the United States, and the United Kingdom, serving various crops including berries, fruits, vegetables, and ornamental plants.
Eurazeo intends to expand Bioline AgroSciences through both organic growth and further acquisitions as part of its buy-and-build approach. Partners Le Ligné and Piskula emphasized that the fund’s first close marks a significant step in Eurazeo’s ambition to become the leading private market asset manager in Europe’s mid-market and growth sectors. They highlighted the growing investor interest in scaling businesses that offer solutions to global environmental challenges. With Bioline AgroSciences as its first acquisition, Eurazeo is positioning itself to foster the next generation of European environmental solution champions.
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