Develop companies and environmental businesses
Aloe prides itself on making the founder’s dream a reality and encourage prospective portfolio companies to interact with the Aloe family.
Aloe Private Equity was founded in 2003 by a team of professionals with a conviction for the development of environmental and socially sustainable businesses to the highest standards.
An uncompromising culture of responsibility, respect, transparency and humility has always been at the forefront of Aloe’s operations. Aloe’s ethical way of working brings mutual benefits to all parties involved. To its Limited Partners, it brings peace of mind and trust that capital is not only cautiously managed internally, but that it is invested externally exclusively to fulfil Aloe’s mission statement.
Aloe impact investments focus on developing hard asset based companies, which provide proven technological solutions to environmental and social challenges, especially those experienced by the high growth markets of Asia.
Aloe PE acts as a trustee regulated by the AMF license GP 03 005
Security trust or collateral trust
In the case of a security trust, the debtor transfers the ownership of the property to the trustee as security for the payment of a claim.
The trustee is responsible for surrendering the claim at the end of the contract either to the debtor after termination of its debt, or to the recipient creditor in the event of default.
The creditors benefiting from the security trust agreement have an exclusive position on the said patrimony, excluding any co-operation with other creditors, in particular those benefiting from collateral.
The collateral trust can be combined with a management mission, depending on the needs of the parties.
The parties may use the trust for the management of property or funds (e.g. rental income management). Aloe as trustee then undertakes to manage the items forwarded to him and then to deliver them to the payee on a specified date.
The settlor transfers the assets to the trustee who is responsible for administering them on his behalf or on behalf of a third party beneficiary and returning them to them upon completion of the management.
The trustee acts in accordance with the terms of the contract which provides for a specified management policy.
The conservation of the asset is key for operational or financial restructuring, project financing, and any kind of asset management which involve multi layer stakeholders.
Accounting and tax regime of the trust
The transfer of property, rights and sureties generates the constitution of an independent patrimony called trust patrimony, which is no longer that of the settlor but is also distinct from the trustee’s own assets. The latter is required to establish proper accounts.
The notion of control is determined by reference to the criteria defined by the Committee on Accounting Regulations relating to the preparation of consolidated accounts under French rules applicable to commercial companies. Where one or more controlled entities have substantially control of the SPE, it should be included in the scope of consolidation.
The trust being tax neutral, transfer of assets does not generate taxation.
Opportunity identification to market consolidation
The company was established by Aloe PE, as an investment vehicle to acquire 100% of the solar assets, project pipeline and the O&M activities of Eco Delta (french company). Shortly after the acquisition, Aloe initiated and managed the refinancing of the portfolio for c.a. 190m€ in a record timeframe, leading to significant value creation. Aloe optimised in parallel the asset management, reporting and O&M structure (internalization producing higher yield)
- 2014 Initial equity: €60M
- 2015 Refinancing: €190M
- 2017 Sale: Sonnedix Acquisition
- cash-to-cash gross IRR: >34%
23 rue Galilee