PARIS | December 13th, 2010 – LD&A advises MPO INTERNATIONAL in a €4m fundraising for its subsidiary MPO ENERGY.
LD&A acted as financial advisor to French-based MPO International in the creation and financing of its subsidiary MPO Energy which has received an A-round private equity placement of € 4 million from Demeter Partners and MPO International.
Using unique manufacturing technologies created within a consortium with industrial partners and the CEA/INES national labs, MPO Energy’s ambition is to achieve a leading position in photovoltaic cell manufacturing in France and Europe. This fundraising will allow the company to launch the first phase of a 500MW photovoltaic cell manufacturing line.
“MPO is a family business specialized in media support products (vinyl records, audio tapes, CD/DVDs…) since 1957 which has grown into an international group. Its strong innovative spirit and its know-how in industrialization processes combine perfectly in the manufacture of photovoltaic cells. With visionary management and the expert support of Demeter Partners, MPO Energy is destined to take a leading position in the European photovoltaic industry”, comments Eve Lee-Pligersdorffer, Associate with LD&A.
