DEMETER

First European development capital fund specialized
in "environment and energy"

Demeter's investment strategy is focused mainly on existing companies. The portfolio is made up primarily of "capital development" companies (approximately 70%) but also includes a few venture capital companies (15%), including those involved in the renewable energies and prevention of hazards emerging markets as well
as 2 or 3 syndicated LBOs or pre-IPO companies. It will include approximately twenty-five investments averaging between €4 and €5 million. The geographic target will be European (approximately 50% French).

Demeter is the first European investment capital firm with both a capital development
and environment/energy sector strategy.

Strategy and Ethics Committee

The Demeter fund relies on a strategy committee, made up of representatives of the principal investors
in the fund. Its role is to:
– examine and decide on all issues relating to ethics or conflicts of interest which may be submitted
to it either by the management company or any affiliate or subscriber,
– examine and decide on requests for exemptions from fund requirements when provided
for in the by-law (example: reinvestment after the investment period).

The firm Déontologie & Compliance will be responsible for periodic internal review, compliance and ethics.

Advisory Board

An advisory board advises the management team regarding its choice of investments and provides market insights.

Committee members are consulted at the request of the management team:
– individually to contribute their expertise to a proposed investment, or
– collectively at meetings held at least quarterly, during which final-phase projects are presented.

Through its composition, the advisory board covers all the sectors in which the Demeter fund is involved: :

Thierry Chambolle (Chairman)
Former member of the Suez group executive committee, President of the OECD environment
commission, director of several SMEs in the environment sector,
Daniel Balmisse
Vice-president of CDC Entreprises FP Gestion (subsidiary of Caisse des Dépôts)
Bruno Floris (Vice-Chairman)
Former CEO of IFP Investissements
Alain Bossard
President of the Collège des Hautes Études de l’Environnement, founder of Dirigeants
et Investisseurs, President of DI Finances
Michel Dutang
Vice-President. R&D, Veolia Environnement
Philippe Germa
CEO of IXIS Environment & Infrastructures, manager of the FIDEME and European Carbon Funds
Gérard Jacquin
Vice-President, Innovation at INRA and President of INRA Transfert
Xavier Lefort
Secretary general of ADEME (Agency for environment and energy efficiency)
Jean-Pierre Maquaire
A successful entrepreneur in the instrumentation sector (Egide, MRL électronique, Micrel-nke)