Month: June 2025

Joffe & Associés advised Atawey, a French pioneer in hydrogen refueling stations, on its strategic capital raise of approximately €22 million.

This fundraising round brings together leading partners: Starquest Capital, the French State through France 2030, ARMOR GROUP, a consortium of industrial players, and the Auvergne-Rhône-Alpes Regional Industrial Future Fund. This financing provides Atawey with the necessary resources to meet growing market demand and to accelerate the development of high-performance and sovereign hydrogen mobility in Europe.

With 51 stations deployed, two production sites, and 150 employees, Atawey achieved record growth in 2024 and aims for a positive EBITDA by the end of 2025. The capital raise will enable the company to strengthen its commercial presence across Europe, expand its integrated service offering, and increase its production capacities in Chambéry and Grenoble.

This transaction marks a strategic milestone for Atawey, further consolidating its leadership position in the European hydrogen market.

Joffe & Associés advised Atawey on the legal aspects of the transaction, with a team composed of Thomas Saltiel (partner), Rudy Diamant, and Antoine Danieck (associates).

Joffe & Associés advises Innovacom and several business angels on Turbotech’s fundraising round

Joffe & Associés advised Innovacom – an investment fund backed by the Île-de-France Region – as well as several business angels in connection with the €8.5 million fundraising round completed by Turbotech, a French company specializing in high-tech hybrid propulsion solutions for the aerospace sector.

This second fundraising round brought together, alongside Innovacom, five wealth managers and several individual investors.

The funds raised will enable Turbotech to finance the certification of its first turboprop engine, which is already integrated into several light aircraft models. The company will also be able to develop a new range of more powerful engines (250 to 500 horsepower) to address the entire general aviation market.

This operation will allow Turbotech to accelerate its R&D projects, increase production capacity, and strengthen its presence in strategic markets — further consolidating its growth and technological leadership in the aerospace industry.

Joffe & Associés advised Innovacom and the business angels on corporate aspects, with a team composed of Thomas Saltiel (partner), Charlotte Viandaz (counsel), and Alexia Guyot (associate).

Joffe & Associés advised Biodis, a key player in the specialized organic product distribution sector, in a strategic shareholding restructuring operation, marking an important new phase in its development.

Since the acquisition of Biodis in 2019, carried out alongside three investors – NCI, BNP Paribas Développement and Bpifrance – Myriam Jourdan, President of Biodis, is now significantly increasing her stake in the company as part of this restructuring. This new funding round is marked by the exit of Bpifrance and the entry of the Bio Filières Durables fund, managed by ESFIN Gestion, whose sectoral expertise will further boost the company’s growth. BNP Paribas Développement and NCI have also reaffirmed their trust by reinvesting alongside the company’s leadership.

This transaction confirms Biodis’ commitment to continuing its development in a rapidly evolving market, while strengthening its essential role as a link between high-standard organic suppliers and independent players in specialized distribution.

Joffe & Associés advised Biodis and its CEO on the legal aspects of the transaction, with a team composed of partners Romain Soiron, Aymeric Dégremont and Virginie Davion, along with lawyers Paddy Pascot and Alexia Guyot.