Impact Private Equity

As a mission-driven1, B Corp™2 label certified company, Mirova aims to shift the economy towards a sustainable model through innovative investment solutions. We believe private equity investors have a critical role to play to scale up impact business models, by providing acceleration capital to innovative companies and solutions to the environmental challenges we are facing.

Mirova

At a glance

  • A multi-thematic investment strategy accelerating environmental transition and the scaling up of innovative solutions in Europe.
  • A strong impact aligned with the UN’s Sustainable Development Goals (SDGs)
  • A focus on companies solving key sustainable development issues with attractive yield potential
  • An unrivalled ecosystem dedicated to impact and real assets

Private equity to accelerate positive impact on environment

The world is faced with urgent, global and interconnected environmental challenges: global warming, air, water and land pollution, non-sustainable resources exploitation, waste, food and water insecurity, deforestation, biodiversity loss.... Solutions exist, but they need financing to scale up and become sustainable and replicable business models.

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As well as public markets investors, we believe that private equity investors have a critical role to play in the “decade of action” with less than 10 years to achieve the SDGs and fulfil the annual financing gap of $2.5T3 needed.

As green infrastructure has developed into a mainstream asset class and the - venture capital (VC) benefits from a dynamic and flourishing ecosystem, the next generation of impact investments opportunities are expected to be in the “Acceleration capital” stage. Capital injection is critical to scale up innovations and businesses with virtuous, environmentally-positive business models.

Through our dedicated impact private equity strategy, we intend to participate in the environmental transition of the economy while pursuing financial performance by:

  • deploying acceleration capital for scaling up sustainable businesses,
  • addressing mega-trends that provide tailwinds for growth,
  • supporting innovative solutions and technologies.
Mirova

Our impact-driven approach to private equity

A private equity strategy centered around five investment themes

Our impact-driven private equity strategy focuses on five sectors which offer numerous opportunities for impactful and profitable investments over the long term.

Smart cities

Smart cities

Natural resources management

Natural resources management

Agri-agro technologies

Agri-agro technologies

Circular economy

Circular economy

Clean energies

Clean energies

A private equity strategy aligned with the SDGs

In line with Mirova’s investment philosophy, we look for companies and projects able to provide solutions contributing to achieve the UN Sustainable Development Goals (SDGs).

ODD-private-equity

 

Our investment criteria

What we are looking for:

  • companies with a business model addressing directly at least one of the targeted SDGs;
  • innovative solutions and technologies;
  • companies implementing or willing to implement strong ESG4 standards;
  • companies with a proven business model;
  • companies profitable or almost profitable;
  • round for acceleration capital to support company growth.

We expect companies bringing solutions to key sustainable development issues to deliver substantial financial rewards while investments in diversified sectors should help mitigate risk.

An unrivalled ecosystem dedicated to impact and real assets

A team with diversified and complementary expertise

Our private equity strategy relies on an experienced team with a rich combined track-record in all stage of investment. They are passionate about impact and combine a long-standing involvement in the creation of impact business models and strong personal convictions.

Meet the team
equipe-private-equity-impact

Examples of innovative investments

A recognized platform of impact and private investments

  • A combined know-how and experience of investing in high impact private companies and projects: leveraging the deep pool of expertise existing across the Energy Transition Infrastructure, Natural Capital, Social Impact investing and Sustainability Research teams of Mirova.
  • A privileged access to deal-flow and investment opportunities through Mirova’s strong network of partners (Natixis and BPCE Group, venture capitalists, generalist and specialised financial advisors, entrepreneurs…).
  • A strong operational platform with a proven track-record and 2.3 Bn€ of assets in private investments5.

Learn more about impact private equity

Mirova has developed a range of innovative equity strategies for its investor clients, the aim of which is to reconcile financial performance with environmental and social impact.

Discover our funds
fund-impact-private-equity
1 -Introduced in France in 2018 under the Pacte Law, a ‘société à mission’ company must define its "raison d'être" and one or more social, societal or environmental objectives beyond profit. The purpose, and objectives aligned with this purpose, must be set out in its Articles of Association. The Articles specify the means by which the execution of the Mission will be monitored by a Mission Committee (a corporate body distinct from the board of directors which is responsible for monitoring the implementation of the mission with at least one employee.) An independent third party then verifies the execution of the Mission, via a written opinion which is annexed to the report of the Mission Committee to shareholders and made available on the website of the company for a period of five years.
2- Since 2006, the B Corp movement has been promoting strong values of change throughout the world to make businesses “a force for good” and to distinguish those which reconcile profit (for profit) and collective interest (for purpose). B Corp’s goal is to certify companies that integrate social, societal and environmental objectives into their business model and operations. More details here
References to a ranking, prize or label do not anticipate the future results of the latter, or of the fund, or of the manager.
3 - Source: United Nations - Sustainable Development Goals Business Forum
4 -  Environmental, Social and Governance
5 - Source: Mirova, data as per end March 2021
6 - 
Abbreviation for “clean technology” referring to companies and technologies that promote sustainable development and respect for the environment.
7 -
Source: Tallano Technologies
News & insights on impact private equity
marc-romano-impact-private-equity
Marc Romano on Mirova's Impact Private Equity Strategy
Published on 09/22/2022

The world is faced with urgent, global and interconnected environmental challenges: global warming, air, water and land pollution, non-sustainable resources exploitation, waste, food and water insecurity, deforestation, biodiversity loss.... Solutions exist, but they need financing to scale up and become sustainable and replicable business models. 

Learn more

When growth capital makes it possible to build sustainable real estate
A journey to the heart of the sustainable city - Episode 2
Published on 07/18/2022

When growth capital makes it possible to build sustainable real estate At the heart of social and societal issues, cities and urban areas are some of the drivers of climate change, causing collateral damage to biodiversity, resources, air and health. At the forefront, the transport and construction sectors are facing a challenge of unprecedented magnitude: to transform themselves fundamentally in order to drastically reduce their impact on the environment. In this context, Mirova’s Impact Private Equity strategy focuses on solutions and technologies that will help to make sustainable cities a reality. In this article, we take a closer look at buildings.

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📸 Credit mfa - Mélaine Ferré Architecture
Vestack raises over €10 million to become a leader in low-carbon construction
Published on 06/24/2022

Vestack, a tech company specializing in the design and construction of low-carbon buildings, announces raising over €10 million with impact funds and historical investors. The proptech is now looking to accelerate its growth, increase its production capacity, and finance research and development projects.

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When growth capital builds the clean mobility of tomorrow
A journey to the heart of the sustainable city - Episode 1
Published on 04/15/2022

When growth capital builds the clean mobility of tomorrow At the heart of social and societal issues, cities and urban areas are one of the drivers of climate change, causing collateral damage to biodiversity, resources, air and health. At the forefront, the transport and construction sectors are facing a challenge of unprecedented magnitude: to transform themselves fundamentally in order to drastically reduce their impact on the environment. In this context, Mirova’s Impact Private Equity strategy focuses on solutions and technologies that will help to make sustainable cities a reality. In this article, we take a closer look at mobility.

Learn more

impact-private-equity-agro-tech
How growth capital can support the agriculture transition through new technologies
Published on 02/08/2022

While the "food system" as a whole is a major driver of climate change, the agriculture sector face a challenge of unprecedented magnitude: to undergo a profound transformation to produce more and better with less while reducing its environmental footprint. Within this context, Mirova's environmental impact private equity strategy focuses on proven agro-technologies to lead this transition towards a more sustainable system.

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agronutris-private-equity
Agronutris raises 100 million euros to industrialize its insect-based protein production
Published on 09/30/2021

Agronutris, the first French biotechnology company specialized in rearing and transforming insects for food, is announcing that it has raised 100 million euros, including 50 million euros of equity, notably from the SPI Industrial Project Fund, managed on behalf of the French State by Bpifrance as part of the Investing in the Future program (Programme d’investissements d’avenir), and Mirova. This operation will enable the company to deploy its first industrial unit in Rethel (Ardennes) by the end of 2022 and fund the creation of a second larger site. 

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