Yards advises Mirova on the sale of its private equity fund management business to Jolt Capital

MEAC and MILE are dedicated to financing French or European companies that develop innovative and sustainable technologies.

A subsidiary of Naxitis Investment Managers, Mirova is an asset management firm dedicated to sustainable investing; it is B Corp certified and has adopted the status of a Mission-Driven Company. Through its seven asset classes, Mirova develops investment strategies that combine the pursuit of financial performance with environmental and social impact. With offices in France, the United Kingdom, Luxembourg, and the United States, Mirova has more than 259 employees and manages 36.7 billion euros in assets.

Historically focused on deep-tech growth companies, this transaction enables Jolt Capital to expand its focus to early-growth companies, targeting European technology firms with revenue ranging from 3 to 10 million euros, compared to more than 10 million euros for its current growth funds.

The Yards team consisted of Igor Doumenc, partner, and Ghita Bouzoubaa, associate.