Deal announcement

goetzpartners advised Exoes

03. April 2024

goetzpartners advised Exoes on its €35M fundraising from Meridiam and Bpifrance

Meridiam Green Impact Growth Fund (GIGF) and Bpifrance Fonds Avenir Automobile 2 (FAA2) partnered with Exoès founders, Arnaud Desrentes and Rémi Daccord, in a €35m transaction aiming at accelerating its growth.

Based in Gradignan (Bordeaux), Exoès plays a key role in facilitating the transition towards electric mobility. Thanks to its deep expertise in immersion cooling, recognized worldwide, Exoes provides advanced engineering services to the car manufacturing industry and fluid manufacturers for next generation EV platforms.

This transaction will support Exoès in capturing further market opportunities and growing its exceptional team of engineering experts. Exoès will develop its international footprint, continue its dynamic markets and products expansion to new verticals, as well as accelerate its battery manufacturing capacity.

goetzpartners acted as exclusive financial advisor to the company, further underlining our competence as advisor of choice in the mobility industry and in fundraising for innovative greentechs.

About Meridiam
Meridiam was founded in 2005 by Thierry Déau, with the belief that the alignment of interests between the public and private sector can provide critical solutions to the collective needs of communities. Meridiam is an independent investment Benefit Corporation and an asset manager.
The firm specializes in the development, financing, and long-term management of sustainable public infrastructure in three core sectors: sustainable mobility, critical public services and innovative low carbon solutions. With offices in Addis Ababa, Amman, Dakar, Istanbul, Johannesburg, Libreville, Luxembourg, Paris, Vienna and Washington, Meridiam manages US$20 billion and more than 120 projects to date.

About Brifrance FAA2
Bpifrance's equity investments are managed by Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - through loans, guarantees and equity. Bpifrance supports them in their innovation and international projects. Bpifrance also supports their export activities through a wide range of products. Advice, universities, networking and acceleration programmes for start-ups, SMEs and ETIs are also part of the services offered to entrepreneurs. Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from a close, single and effective contact to support them and meet their challenges.
Underwritten by Stellantis, Renault, the French State and Bpifrance, The Fonds Avenir Automobile 2 invests in equity or quasi-equity in Tier I and Tier II suppliers in the automotive sector, which are carrying out innovative industrial projects that create value and competitiveness for the economy.

Transaction team

Serge Prager
Managing Director

François Thoumie
Associate Director

Jules Bertin