Impact Expansion announces a second closing above €100m, with the objective of reaching €120-150m by Q1 2024.
The Fund has already invested in three companies: Potential Project which provides solutions to burnouts in large organisations, SomniPlanet which treats patients suffering from sleep apnea, and Mon Kit Solaire which offers affordable renewable energy solutions to consumers.
Impact Expansion invests €6m to take a minority stake in MonKitSolaire.
MonKitSolaire, through its website www.monkitsolaire.fr, distributes residential solar panels that can be self-installed ("do-it-yourself" DIY) and allowing consumers to auto-consume the produced renewable energy, generating electricity cost savings and contributing to reduce greenhouse gas emissions. MonKitSolaire contributes to SDG#7 (affordable and clean energy), SDG#12 (responsible consumption and production) and SDG#13 (climate action).
Impact Expansion announces a first closing above €50m, with the objective of reaching €120m in 2023 for its Fund.
Targeting the environment, employment and health sectors, this new fund aims to support profitable SMEs looking for €5 to €20 million of capital to accelerate their development.
Impact Expansion Fund is now certified Article 9 of the EU Sustainable Financial Disclosure Regulation (SFDR) by EY Luxembourg.
The limited assurance issued by EY Luxembourg is another proof of Impact Expansion’s commitment to sustainable finance, and to its aim of contributing to create a society that is more inclusive and sustainable by enabling transformational businesses to tackle systemic social and environmental problems.
Impact Expansion acquires a minority stake in SomniPlanet
SomniPlanet is a French-based company providing homecare treatments to patients suffering from sleep apnea. New funds will support a buy-and-build strategy in France and Impact Expansion expects to deploy up to €15m over time. SomniPlanet contributes to SDG #3 (good health and well-being), SDG #8 (decent work and economic growth) and SDG #9 (industry, innovation and infrastructure).
Impact Expansion acquires a minority stake in Potential Project
Potential Project is a global research, leadership development, and consulting firm on a mission to create a more human world of work. France. The result is stronger performance, resilience, innovation and engagement at work with lower stress levels and reduced burnouts. Potential Project contributes to SDG #3 (good health and well-being) and SDG #8 (decent work and economic growth).
Milestone (Impact Expansion) completes the sale of Swania to Henkel
Swania is a unique platform of brands addressing the growing demand for eco-friendly household products. It is amongst the largest and fastest growing independent players in its markets in France. Swania contributes to nine of the United Nations’ 16 Sustainable Development Goals, with particular focus on responsible consumption and production (SDG 12), good health and wellbeing (SDG 3) and decent work and economic growth (SDG 8).