Founded in 1998, SMP ENERGIES is the leading French contractor for deep geothermal well drilling, known for its high-level technical expertise and operational excellence. With over 60 wells drilled to date, SMP Energies' success is built on its ability to offer clients a comprehensive turnkey drilling solution, managing all aspects of drilling, maintenance, and well abandonment both in France and abroad.
In the context of an accelerated energy transition, deep geothermal energy is experiencing significant growth in Europe, with a record production of nearly 8 TWh in 2023 across the five main markets. Driven by increasing demand for renewable heat, rising energy prices, and the need for decarbonization, this renewable energy source benefits from a supportive regulatory framework and unique advantages: continuous availability, economic competitiveness, and energy sovereignty. Demand, fueled by the development of urban heating networks and tailored solutions for industry and agriculture, is expected to see double-digit growth by 2030.
In 2024, the management of SMP ENERGIES has outlined a new development plan aimed at solidifying its leadership position in France while also launching a strategy for expansion across Europe. This will be achieved through targeted organic investments and an ambitious consolidation strategy. In this context, EURAZEO, through its EURAZEO PLANETARY BOUNDARIES FUND (EPBF), has established itself as an ideal capital partner. This is due to its strong expertise in climate and impact, as well as its ambition to implement profitable environmental solutions on a large scale to help reverse the effects of exceeding planetary boundaries.
EURAZEO has acquired a majority stake in SMP ENERGIES, partnering with its management team. The goal is to support the implementation of the company's strategic plan and help establish a leading European player in deep drilling for geothermal energy and decarbonized solutions.
Fabien LEMESNAGER, CEO of SMP ENERGIES:
"We're excited to partner with EPBF as our new majority shareholder. Their long-term commitment and impact investment strategy align perfectly with our vision of making SMP ENERGIES a leading player in deep geothermal energy and a key contributor to the energy transition. This partnership will accelerate our growth, enhance our industrial and technological capabilities, and significantly increase our impact."
Erwann LE LIGNE and Wilfried PISKULA, Partners of EURAZEO (co-managers of the EPBF fund)
"We are thrilled to support SMP ENERGIES in their growth ambitions and to help accelerate the development of geothermal energy in Europe. This second investment from the EURAZEO PLANETARY BOUNDARIES FUND showcases our unique investment approach: targeting mid-sized companies to nurture the future champions of environmental solutions in Europe. Following the first closing of the fund in March 2025, this move highlights our team's ability to identify the best market opportunities."
Bertrand THIMONIER, President of ADVISO PARTNERS
"We are thrilled to have supported the shareholders of SMP ENERGIES in this capital restructuring with EURAZEO joining their investment. This partnership will enable the company to accelerate its development strategy by combining both organic and external growth, aiming to become a leading player in deep geothermal drilling in Europe. This operation further demonstrates ADVISO PARTNERS' commitment to assisting impactful industrial companies in their sustainable growth initiatives."
The operation carried out on behalf of SMP ENERGIES' shareholders is part of the impact-driven initiatives supported by ADVISO PARTNERS. As a mission-driven company and a certified B Corp, ADVISO PARTNERS incorporates environmental, social, and governance considerations into its consulting practices. This commitment is reflected in the presence of an Impact Officer on the team, who plays a key role in ensuring these aspects are considered throughout the entire process.