Meridiam announces its successful capital increase, subscribed by Samsung Life Insurance on 20 April 2023. As a result, Samsung Life Insurance becomes a 20% shareholder alongside the management who still controls 80%.
The proceeds of this capital increase will allow Meridiam to accelerate its next growth phase, with the focus on sustainable assets with a strong strategic, economic, social and environmental impact. This capital increase confirms Meridiam’s strong development ambitions in its three businesses (sustainable mobility, innovative low-carbon solutions and essential public services) and in each of its sole three geographies (Europe, Americas and Africa).
Samsung Life Insurance shares Meridiam’s values and its sustainable, responsible and long-term business approach and through this investment demonstrates confidence in the ability of Meridiam and its management to implement its profitable and impactful strategy over the long term. The strategic partnership will allow Samsung to support its ambition in the investment in the asset class whilst enabling further Meridiam’s investments.
Thierry Déau, Meridiam’s CEO and Founder, said: “This capital increase opens a new path to an ambitious and responsible growth. We have strong ambitions and the necessary means to implement our roadmap. This transaction demonstrates Meridiam’s attractiveness to prestigious investors.”
This transaction has been approved by the Autorité des Marchés Financiers (AMF) and the South Korean Financial Regulatory Authority.
Gide Loyrette Nouel and Campbell Lutyens have acted as counsel and advisors on the transaction.
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