The not so easy inflow of capital to the protection trade | EUROtoday

The French will quickly be capable of place their financial savings within the capital of protection corporations. Unveiled on March 20 by Eric Lombard, Minister of the Economy, and Sébastien Lecornu, then his alter ego to armies, throughout a convention on financing the economic and technological protection database (BitD), the Bpifrance Defense capital-investment fund have to be launched in mid-October. The public financial institution hopes to gather 450 million euros.

Behind this commonplace, the entire French banking and monetary sector has launched into the financing of the protection trade. Since March, there are now not the promising bulletins to supply the wants of the 4,500 BitD corporations, estimated between 5 billion and seven billion euros, together with 1 billion at 3 billion fairness. The improve in orders for European states guarantees a number of years of robust exercise for the sector, which attracts financiers.

“We have never had so many discussions on the sector with investors, in France as abroad. There is a real interest in defense and many newcomers ”underlines Henri Marcoux, deputy director basic of Tikehau Capital, an asset supervisor dedicated for a number of years within the sector. Insurers Carac, CNP and Société Générale Assurances have engaged 150 million euros in its final Tikehau Defense and Security fund, marketed since September.

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