Soitec: the Strategic Equity Fund enters the capital | Photo credits: Soitec
PARIS (Agefi-Dow Jones)–The Strategic Participation Fund (FSP) announced on Tuesday that it had entered the capital of the producer of components for the electronics industry Soitec, by taking a stake of approximately 150 million euros.
The FSP also said it has applied for a seat on the company’s board of directors, which will be put to shareholder votes at the general meeting scheduled for July 26. “The FSP will be represented on the board by Ms. Laurence Delpy, independent director of Soitec since 2016 and whose term of office expires next July,” the fund said.
The FSP stressed that it wants to support the company and its leaders in launching new generations of semiconductor substrates for a wide variety of markets, such as telecommunications, smart devices or automotive and electronics. industry.
The Strategic Equity Fund is an investment vehicle whose shareholders and directors are seven French insurance companies: BNP Paribas Cardif, CNP Assurances, Crédit Agricole Assurances, Groupama, Natixis Assurances, Société Générale Assurances and Suravenir.
The FSP’s portfolio, valued at 2.65 billion euros at the end of December 2021, holds stakes in companies such as the aeronautical equipment manufacturer Safran, the satellite operator Eutelsat and the automotive equipment manufacturer Valeo. Soitec is the FSP’s tenth investment.
-Julien Marion, Agefi-Dow Jones; +33 (0)1 41 27 47 94; [email protected] ed: VLV
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June 21, 2022 02:29 ET (06:29 GMT)