Category: Deals

Joffe & Associés advised Socadif on its investment in Greenway, a French fintech that has developed the first “all-in-one” corporate card integrating expense management and ESG criteria, as part of a €32 million fundraising round, including €2 million in equity.

 

This transaction will enable Greenway to accelerate the adoption of its innovative solution in France and across Europe. The round brings together Socadif Capital Investissement, leading business angels, as well as a pool of institutional investors.

 

With these new financial resources, Greenway will be able to strengthen its teams to meet the growing demand from companies seeking to optimize their expense management. Its smart card centralizes payments, automates expense reporting, and integrates ESG indicators—addressing for the first time two major challenges for mid-caps and large corporations that were long considered irreconcilable: the rationalization of financial technologies and the integration of ESG considerations.

 

As part of this transaction, the Joffe & Associés team included Virginie Belle, partner, and Alexia Guyot, associate.

Joffe & Associés advised Starquest Capital and Maif Impact on the €5 million Series A fundraising of Les Nouvelles Fermes, a French pioneer in industrial aquaponics.

 

This transaction will enable the company to launch in Carrières-sous-Poissy the largest aquaponic farm in Europe. The 2-hectare facility combines trout farming with vegetable production in a closed-loop system, with an annual capacity of 250 tons of fruit and vegetables and 60 tons of fish. The technology uses seven times less water and generates twice fewer emissions than conventional agriculture.

 

Beyond this initial project, Les Nouvelles Fermes aims to deploy 15 sites across Europe by 2030.

 

The Joffe & Associés team advising on this transaction included Thomas Saltiel, partner, Charlotte Viandaz, counsel, and Antoine Danieck, associate.

Joffe & Associés advised a group of financial investors including Axeleo Capital and Bpifrance Investissement through its Digital Venture fund and the École Polytechnique seed fund, in connection with the €3 million fundraising carried out by Gobano Robotics, a startup specializing in the development of artificial intelligence software applied to robotics.

 

Gobano Robotics develops solutions to automate complex industrial processes requiring both high precision and real-time adaptability. Its applications notably include the bending of parts with varied shapes, the sorting of objects with multiple characteristics, as well as delicate assembly and handling operations.

 

With this financing, the startup aims to accelerate the development of its technology and to support a first industrial client within the next 18 months.

 

Joffe & Associés advised Axeleo Capital and Bpifrance Investissement on the corporate aspects with a team comprising Thomas Saltiel, partner, Charlotte Viandaz, counsel, and Antoine Danieck, associate.

Joffe & Associés advised Impact Partners on the fundraising of its fund, Impact Growth V, dedicated to European social investment. The fund, targeting €400 million, has already secured over €160 million at its first closing.

 

Managed by Impact Partners, Impact Growth V invests in profitable European companies with a proven social impact, particularly in healthcare access, training, and the circular economy. It has already completed two international investments: Tekman in Spain and Carelink in Denmark.

 

Distinguished by its originality and clear ambitions, the fund is structured as a Société de Libre Partenariat (SLP) and classified as an Article 9 fund under the SFDR regulation. With a target IRR of 15–19%, Impact Growth V embodies a new generation of funds that reconcile performance and impact, firmly anchored in Europe’s major social challenges.

 

Joffe & Associés, through its Fund Structuring / Asset Management Department led by partner Olivier Dumas, advised Impact Partners on the legal, regulatory, and tax aspects of fund structuring and its marketing in France and abroad.

Joffe & Associés advised Hygie31, a leading player in the pharmaceutical market, on its strategic merger with Pharm’Auvergne, a pharmacy network established in 2018.

 

Pharm’Auvergne brings together 70 pharmacies with a turnover of €90 million. By joining the Hygie31 ecosystem, the regional network now gains access to the Group’s full range of services: the HygieStore supply platform, HygieAcademy training programs, over 150 exclusive brands, intelligent management tools, comprehensive operational support, negotiated agreements, and the Hygie31 Club.

 

This strategic alliance strengthens Hygie31’s footprint across French regions and further consolidates its nationwide network of pharmacies. The Group now brings together 1,850 pharmacies in France and Spain, enhancing its influence with laboratories and within the markets. In doing so, Hygie31 continues to pursue its mission of supporting independent pharmacists and making healthcare accessible to all through reinforced territorial coverage, particularly in the Auvergne region.

 

Joffe & Associés advised Hygie31 on all corporate aspects, with a team led by partners Christophe Joffe and Camille Malbezin, alongside associate Alexia Guyot.

Joffe & Associés acted as legal counsel to Axeptio in connection with its acquisition of CookieCode, a Dutch provider of online consent management solutions.

 

Headquartered in Montpellier, Axeptio offers an innovative SaaS platform for collecting proof of user consent. Already present in France, Canada, and Brazil, the company is accelerating its international growth with the acquisition of CookieCode, a key player in the Netherlands with over 150 partners and 2,500 clients. This transaction is part of Axeptio’s expansion strategy, supported by its investors ISAI, Evolem, Kima Ventures, and OVNI Capital, following a €3.5 million funding round completed in late 2023.

 

CookieCode, previously run by its four founders, also the creators of DataMask, a company specializing in data anonymization, will enable Axeptio to open a new office in the Netherlands, covering the entire Dutch-speaking Benelux region. After a transition period, the CookieCode brand will be fully integrated under the Axeptio identity.

 

With nearly €10 million in ARR, Axeptio aims to strengthen its position as a leading player in the European consent management market by continuing its external growth strategy.

 

Joffe & Associés advised Axeptio on all legal, employment, and tax aspects of the transaction. The team was led by partner Thomas Saltiel, with the support of Charlotte Viandaz, counsel, and Antoine Lamy, associate.

Joffe & Associés advised Apo’g, a company specialized in supporting very small and medium-sized businesses with their digital transformation, and its founding partners, in connection with its sale to Axido, a subsidiary of the Proxiteam Group and a key player in the digital transformation of SMEs and mid-sized companies.

 

Apo’g, renowned for its expertise as an ERP integrator and managed IT services provider, brings strategic added value to the Proxiteam Group’s portfolio of capabilities. This acquisition is part of an external growth strategy aimed at strengthening the Group’s leadership position in the digital transformation market for mid-sized companies.

 

This integration enables the Proxiteam Group to strengthen its expertise in Microsoft Teams telephony and expand its offering with “Teamsroom” connected meeting rooms. The transaction also reinforces its presence in the Île-de-France region and further consolidates its leadership position in the digital transformation market for SMEs and mid-sized companies.

 

Joffe & Associés advised Apo’g and its founding partners on all legal, social, and tax aspects of the transaction, with a team led by partner Aymeric Dégremont, assisted by lawyer Océane Lewden.

Joffe & Associés advised One Prepaid, a player in the technical management and distribution of gift cards and prepaid vouchers, on the acquisition of a stake in the company by ISAI via its Growth Lending fund and by Isatis Capital.

 

Founded in 2020, One Prepaid currently supports more than 50 retailers, including Fnac Darty, Yves Rocher, Monoprix and Printemps. The company stands out for its strong technical expertise, recurring business model and sustained growth of +30% a year since 2022.

 

With nearly one billion euros in flows processed by 2024, One Prepaid aims to accelerate its development on B2B and B2C markets, while exploring external growth opportunities. This sponsorless transaction gives the management team greater strategic autonomy and prepares the company for a new phase of expansion.

 

Joffe & Associés advised One Prepaid on corporate aspects with a team comprising partner Christophe Joffe, associates Antoine Lamy and Clément Peillet.

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).