Business Wire Press Release — Issued by Groupe SEB · June 3, 2020 · Groupe SEB Communications
The SEB Group announced, via an official press release distributed by Business Wire, that its investment vehicle, SEB Alliance, has acquired a stake in Castalie, a specialist in microfiltered water dispensers. The transaction is part of a €13.5 million fundraising round involving several impact funds. This marks a major industry endorsement for the young company, which fits into the small-appliance giant’s circular economy strategy.
Key takeaways
- On June 3, 2020, SEB Alliance, the SEB Group’s investment vehicle, announced that it had acquired a minority stake in Castalie, alongside the Amundi Finance and Solidarité funds, RAISE Impact, and Ring Capital, as part of a €13.5 million funding round.
- Castalie a comprehensive solution—eco-designed water fountains, reusable containers, and maintenance services—that made it possible to produce microfiltered water on-site from tap water, without the need for transportation or plastic waste.
- Thibault Lamarque, president and founder of Castalie, has set a goal of preventing 100 million plastic bottles from being used over the next two years, with the support of his financial and industrial partners.
- According to Thierry de La Tour d’Artaise, CEO of Groupe SEB, the investment in Castalie with the SEB Alliance strategy, which targets innovative companies aligned with the group’s core business and the circular economy.
- Founded in May 2011 with an initial capital of 30 million euros, SEB Alliance had by that time made more than 15 minority investments, primarily in the digital, health/wellness, and sustainable development sectors.
- A global leader in small household appliances, Groupe SEB reported revenue of 7.3 billion euros in 2019, with 34,000 employees and a portfolio of 30 brands present in 150 countries.
Source: Business Wire, Groupe SEB press release, June 3, 2020 — Groupe SEB Press Release. Read the original press release
