Clearwater has advised the shareholders of Redman, the first French B Corp certified real estate developer, on a €30m funding round, including equity and debt. The fundraising is backed by Omnes, a major private equity fund and ESG-committed player, specialising in infrastructure.
Founded in 2007 by Matthias Navarro and Nicolas Ponson, Redman has been a leading player in real estate urban rehabilitation and requalification for many years and will acquire further capacity through the creation of a development fund to carry assets to be restructured. As the only French real estate developer with B Corp certification, Redman is expected to exceed €100m of revenues in 2023. Redman and Omnes are committed to working towards a trajectory of less than 2° and the objective of the Paris Agreements, to accelerate the decarbonisation of existing buildings, drawing on the Group's multi-product expertise.
Omnes will acquire a minority stake in the Group’s holding and will invest additional funds through the CEP2 fund dedicated to the sustainable city, with the creation of a dedicated development fund. These financial resources will enable Redman to fuel its growth in low-carbon real estate development activities, and thanks to this fundraising, increase its sales to €200m in the next three years, expanding its geographical footprint in France.
