Paris—The Dentons Paris office advised the Japanese conglomerate Mitsui & Co., Ltd (Mitsui) on a €55 million equity and debt financing of Forsee Power, an industrial group specializing in smart battery systems for electric, portable and mobile equipment and energy storage markets. Other participants in this transaction included the European Investment Bank (EIB) and Idinvest Partners, a leading European private equity and venture capital firm with nearly €EUR 9 billion under management.

Given the importance of Franco-Japanese relations and the transaction’s political significance for the enhancement of the industrial cooperation between the two countries, the signing ceremony was held on Monday, December 18 at the Hôtel de Cassini, next to the offices of the Prime Minister of France. The ceremony was presided by Louis Schweitzer, General Commissioner for Investment and ex-CEO of Renault, where he was the architect of the Renault-Nissan alliance.

Pascal Chadenet, partner, led the Paris team advising the client.

The transaction will allow Forsee Power to multiply by ten its production capacity and to start mass production of smart battery systems in Europe and China, particularly for the electromobility market (bus, train, truck, boat, scooter).

Mitsui is one of the most diversified and comprehensive trading, investment, and service enterprises in the world, with 138 offices in 66 countries

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