Fund Backed by Billionaire Veyrat Expands Biomass Investments
- Eiffel fund makes acquisition through holding in Dall Energy
- The deal seeks to tap under-utilized corner of biomass market
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The alternative investment firm majority owned by French billionaire Jacques Veyrat is expanding its presence in the market for biomass, which it sees as a key plank in the energy mix needed to achieve net zero greenhouse-gas emissions.
Eiffel Investment Group, which oversees roughly €6.5 billion ($7.3 billion) of assets, said on Tuesday that Dall Energy, a Danish company held in its Eiffel Essentiel fund, will acquire Weiss France Energie and its service unit BSM from the Groupe Roullier for an undisclosed amount.