EY, Garrigues advise on Paris Fonds Vert´s investment in Construcía

Paris Fonds Vert has become a shareholder in the Spanish construction group Construcía, with a stake of up to 44%, a deal advised by EY Abogados and Garrigues

Spanish construction company Construcía, pioneering in the development of a circular construction model, has announced that Paris Fonds Vert has taken a 22% stake in its capital as part of an investment intended to finance its ambitious development program. Paris Fonds Vert is an investment fund whose vocation is to support European, innovative and high-growth SMEs whose solutions contribute to the ecological transition of large cities. The fund, whose initiative comes from the city of Paris, is managed by Demeter Partners, a pioneer and leader in the management of funds dedicated to ecological transition.

The investment which can go up to 44% of the capital will allow the company to continue its international expansion, with particular emphasis on the French market, to strengthen its capacity to invest in innovation, as well as to finance its circular real estate promotion activity. The fund is managed by Demeter Partners and supported by the City of Paris. The investment will allow the company to continue its international expansion with a particular focus on the French market, strengthen its investment capacity in innovation, as well as enhance its circular real estate development activity.

Pablo Sainz de Baranda, co-founder and CEO of Construcía highlighted: “Demeter Partners is the best possible ally to consolidate our leadership as pioneers in Circular Construction in Spain and Portugal and gives us the necessary strength to continue our international expansion in countries such as France and Italy.”

Olivier Usureau, partner in Spain at Demeter Partners (Paris Fonds Vert) said: “With the Paris Fonds Vert investment, Demeter has the opportunity to make all its expertise and ecosystem around sustainability available to Construcía to make Construcía the European benchmark for circular construction and to support the transition towards sustainability in cities.”

EY Abogados advised Construcía with a Corporate / M&A team led by partner Francisco Silván (pictured left), senior manager Elsa Puentes and senior associate Mercedes Atencia, with the support of Rewards partner Olga Cecilia.

Garrigues acted as legal advisor to Demeter and carried out the Legal, Tax and Labour Due Diligence with a team led by M&A partner José Fernández-Rañada (pictured right), together with Commercial senior associate Beatriz Jimeno.