Vauban Infrastructure Partners (“Vauban”) and Caisse des Dépôts et Consignations (“CDC”) announced that they have entered into exclusive negotiations to acquire Coriance, a French pure-play district heating and cooling company (the “Company”), currently operating a portfolio of 39 district energy concessions, with Igneo Infrastructure Partners.
RBC acted as an M&A advisor to Vauban and CDC, building on our district energy advisory practice and positioning us strongly in a French market expected to be buoyant over the coming years. This is our third successful mandate on the last 3 deals in the sector in France over the past 7 years. RBC has developed a strong relationship with Vauban, having advised them on 3 successful transactions in Europe and North America over the past 6 years.
