Month: November 2024

OpenAirlines, a world leader in fuel-saving solutions for aircraft pilots, has announced a €45 million round of financing to accelerate its global expansion and reduce the carbon footprint of aviation. Joffe & Associés (Thomas Saltiel, Antoine Lamy, Rudy Diamant & Clément Peillet) advised MIROVA on this transaction.

 

This transaction, led by Eiffel Investment Group and supported by Mirova and Caisse de Retraite du Personnel Navigant (CRPN), will enable the company to step up its expansion in North America and Asia, and strengthen its portfolio of solutions dedicated to the ecological transition. Founded in 2006 by Alexandre Feray, the company has been profitable since 2021, with annual growth of 30%. Its flagship product, SkyBreathe, analyses flight data using artificial intelligence to optimise fuel consumption, reducing CO₂ emissions per flight by 3% to 5%.

 

SkyBreathe has already analysed more than 15 million flights for airlines such as Air France, EasyJet and Korean Air, saving 420,000 tonnes of fuel and avoiding the emission of 1.4 million tonnes of CO₂ by 2023. OpenAirlines is also innovating with SkyBreathe OnBoard, a real-time connected application to optimise pilots’ in-flight decisions based on variables such as the weather. At the same time, the company is developing tools for air traffic controllers and ESG (Environment, Social and Governance) solutions to help airlines meet growing regulatory requirements.

 

With this round of funding, OpenAirlines aims to triple its sales in five years, notably through strategic acquisitions. The company also plans to recruit 25 additional employees, on top of its current 95 staff spread between Toulouse, Hong Kong, Montreal and Miami. OpenAirlines is thus positioning itself as a key player in the ecological transition in aviation, offering efficient alternatives to sustainable fuels to achieve the sector’s goal of carbon neutrality by 2050.

Find the official press release here.

 

The PILOCAP group, a leader in professional training, announces the acquisition of the SCAF France and ODF training centres. Joffe & Associés (Aymeric Dégremont, Clémence Bressolin, Marie-Camille Degrugillier and Clément Peillet) advised the PILOCAP Group on these transactions.

 

The PILOCAP Group, which specialises in risk prevention training, recently strengthened its strategic development by acquiring SCAF France and ODF (Organisme de Développement de la Formation). These acquisitions follow the recent inauguration of the group’s training centres in Lille and Rennes, enabling it to extend its national coverage and offer a wider range of training courses, more in tune with current prevention and compliance requirements.

 

With these acquisitions and new locations, the PILOCAP Group is confirming its determination to become a key partner for French companies and local authorities. Building on its recent successes, the PILOCAP Group is strengthening its role as a benchmark in risk prevention, providing expertise, innovation and proximity to meet the challenges of the future.

Read the original CFnews article here.

 

Jolt Capital acquires the IP power management and signal processing activities of Dolphin Design. Joffe & Associés (Thomas Saltiel, Camille Malbezin, Alvyn Gobardhan, Joanna Verissel & Clémence Bressolin) advised Jolt Capital on this transaction.

 

Jolt Capital has acquired the IP activities of Dolphin Design via a new company, Dolphin Semiconductor, and has committed to invest €26 million in the business. The deal will enable Jolt Capital to consolidate its position in the advanced semiconductor market, building on Dolphin’s expertise in IP for mixed-signal semiconductors, renowned for their energy efficiency and performance.

 

Under the leadership of Laurent Monge, Dolphin Semiconductor now aims to meet the growing demand for more energy-efficient solutions, particularly in key sectors such as automotive, IoT and industry. The company plans to invest progressively in technology development, strengthen its R&D and make targeted strategic acquisitions.

 

Soitec, which acquired Dolphin in 2018, is now looking to refocus and is letting the business continue to expand under the leadership of Jolt Capital. The new leadership aims to position Dolphin Semiconductor as a partner of choice for semiconductor manufacturers looking to integrate high-performance, energy-efficient components.